EURAUD in Focus; Getting ready to rock
Updated
Too many Longs down here! It would be very surprising if they didn't take them all out before a major move in the opposite direction.
Comment
A little bit more up close - 4hr.Comment
If you want to go along for that upcoming, potentially massive Stop Hunt...... look for a SHORT Entry around here.
Trade active
Initial SHORT Target: 1.6230Comment
Our Main Target is: 1.6125Comment
Boom!!Comment
Comments in the Chart; ... aaand, it's also at the bottom of that major up-channel. Lots of things can happen here!
Trade closed manually
Getting out - for now! - @1.6235 on Bullish HammerComment
Now, it's just wait-and see, what happens next?...Comment
This just hit our First Target: @1.1620Let's see what's next...
Trade active
LONG.'We've got an absolute beauty here!
Let's work it!!...
Comment
You can BUY it up right here, @1.6200with a 20 pip stop
Comment
... just don't get carried away here because we are still in a Stop Hunt!!Trade closed manually
this does not look promising. Don't force it!
Comment
We took a -7 pip loss. Not too bad all considered, right?!Comment
If anything this is still a SHORT here.(HUGE Bullish Shark PRZ just below here!!)
Trade closed: target reached
Obviously we closed the Shorts right here;Now FLAT, waiting for this thing to come back down into the PRZ.
Comment
So far +138 pips in 48 hours. Not too bad...Comment
This should test the PRZ at least one more time...... before it's ready to be bought up. Watching it closely...
Trade active
LONGLet's BUY this up, w. a 20-25 pip stop.
Trade closed manually
Too early!! It is still coming back. -8 pip loss.Trade active
BUY IT UP!! @1.6140Comment
OK, we seem to be in good shape here!-Bought the daylights out of it here;
- Booked +148 pips profit, coming down here, on this highly anticipated Stop Hunt;
- sitting on +38 pips of open profit.
We are cruising here, for now.
Comment
Looks good! - LongKeep loading!
Comment
Just a reminder - the Daily chart;.... where we sit currently.
Trade closed manually
We went FLAT @1.6180. +37 pipsLooks like this hunt ain't over, yet.
Comment
Let it come back down then we'll see...Trade active
Nothing but LONGs here, right?!Comment
Flat, flat flat!!This hunt is far from over. Sit tight here - flat.
.... may be tomorrow?...
Comment
We've been Trading here;AUDJPY
... here; AUDUSD
... and here;
Nasdaq100
... for a good 24 hours, by now.
Comment
Incidentally... might want to check this out...EURJPY - 8hr.
Just what do you think is gonna happen here?!.... :-)
BTW, this can be found in this - ACTIVE - post:
... the Yen Crosses
Comment
EURUSD - Speculative Net Long positioning remains EXTREME! (...while shrunk slightly, last week.)Comment
AUDUSD - Speculative Net Long positioning (COT) is steadily increasing (...while holding steady, last week.)Comment
We are perched here, in this Active Post, for now;
... most likely for the better part of the week.
Comment
This is still on it's way down.Still Major Stop Hunt going on here!!
Comment
Trade active
One last push to the Down Side...SELL it hard!! Now, now, now! - SHORT
Comment
... then, once down there, it will likely be Da Spot where to bet the farm! We'll see...Comment
EURGBPOne is still looking for SHORT Entries here because this thing is still in a massive Stop Hunt!! (some just still don't realize it, after all this time :-) + It is also obviously it is in that Bearish Bat's PRZ!! Act accordingly...
Trade active
Going into next week...... we will be looking for SHORT Entries, here.
Trade active
========================= September 28, 2020 ----------------------------------------->Trade active
Looking for a LONG entry here...
Trade active
LONG @1.6503, 23 pip Trailing Stop. Target: 1.6650
Comment
Now that everyone is LONG here (and already in the green; i.e. ++), right?!...Here is the deal;
- If you plan to manage this trade yourself while planning to sit on it (Long) all the way up to 1.6650, you probably need to extend those Trailers (trailing stops) to around 45-50 pips.
- On the other hand, if you plan to keep an eye on this trade and adjust those stops every 1-2 hours then 23-28 pips should be sufficient room for this trade.
Just a thought...
Trade active
IFF, for any reason, your stops got hit around here - 1.6475-90 - get back in there (very!) LONG! - Tonight's stop hunt looks like it's over and this thing is turning into the wind - ready to take off. (Everything else stands from earlier.)Trade closed manually
Closed out LONGs because this thing is headed down for one more stop hunt @1.64560, before moving higher.Trade closed: target reached
Covered SHORTs @1.6355 for +200 pipsCurrently FLAT.
Trade active
Buy it up! - LONGTarget: 1.6430
Order cancelled
Comment
Here is the current post
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.