EURAUD 350pips!! MUST WATCH! EURAUD is currently BULLISH but this is a weak one because we are trading on a EMA score of 2 which signals reversal so now we are positioning for a SHORT.
(Reason - D1 is currently exhausted and needs correction, possible DIV if HH happens and of course the EMA SCORE)
// #1 ENTRY (Risk Entry, Good Reward) // -: Even if we are looking for SHORT here, I believe we have an opportunity for a LONG before the SHORT rally.
So for the LONG entry, wait for price to push back to BL and LONG all the way to the UB on H4/D1 (175pips). Now for the main SHORT, SHORTR around D1 UB with a 50pips on candle close invalidation (300pips)
// #2 Entry (Confirmed Entry, Minimal Reward) // -: For SHORT ONLY, wait for price to hit D1 UB and then SHORT when we close back BELOW BL for SHORT continuation.
// INVALIDATION //
On #1 LONG ENTRY, Close IF candle close below the BL strong. On the MAIN SHORT, set a 50-60pips and run it all the way down.
On #2 Entry, when price rejects below the BL , the SUITE INDICATORS will print a SL zone on the chart for you, use it.
TARGETS - Take profit for the LONG is on H4 UB and on the main SHORT first exit could be on the touch on BL and second is when it gets back to to the PREV LOW/KEY ZONE
P.S I will post money making trades like this everyday and everything you see on my chart is
from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator.
(The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready).
No trend lines or complicated analysis, all you have to do is FOLLOW!
