Euraudbuy
EUR/AUD BUY SIGNALHey tradomaniacs,
welcome to a new free trading-setup.
EUR/AUD: Day-Swingtrade-Execution
Market-Buy-Order: 1,58330
Stop-Loss: 1,57495
Point Of Risk-Reduction: 1,59090
Take-Profit: 1,60000
Stop-Loss: 82 pips
Risk: 0,5% -1%
Risk-Reward: 2,04
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Irasor
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EUR/AUD: long trade setuphi !
happy 2021 and best wishes for your well being
suggested level to open the position: 1.5870
timing to open: with the market opening Sunday US afternoon, Africa/European night or Monday morning if in Asia/Pacific :)
time frame: the coming week
those are guidelines for the general trade setup and the risk management with it.
any questions, feel free to ask!
good luck
EURAUD Buy1. Long-term trend - price ranging sidewards.
2. In the shorter-term the downward trend is expected to reverse as the price is about to hit the SUPPORT level as well as the merging triangle pattern.
3. the price level is likely to bounce back and froth between the resistance levels, but is expected to keep rising in the next few weeks.
EURAUD - false break out Far level retest.
The price is returned for the retest level the previous touch of the level more than 1 month ago. Moreover, a strict number of false breakdowns.
local vision:
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EURAUD, daily tf, buy upside ABC correctionHello my friends,
Another trade i took today is EURAUD pairs.
As you can see, i've marked the elliott wave movement and in my opinion we're now done with all five waves.
Wave-5 usually end at the 127% fibonacci retracement of Wave-4.
We can expect an ABC correction to the upside from this point.
Notice that price actually broken above the descending trendline but only retested it down below at 1.6070.
It looks like there is also horizontal support here as well.
In conclusion it is an area of confluences.
I already take a buy position from 1.6070 and still holding it.
Buy EURAUD 1.6070
Stop loss 1.6000
Take profit 1.6210 (2R)
RR Ratio 1 : 2
Use only 1-2% risk
Good luck
EURAUD, 4hr tf, buy elliott wave setup wave-(v)Hello my friends,
Here is my setup for EURAUD.
I am using elliott waves rule for this trade to get 4.5R trade setup.
As you can see price now on a correction after an impulse wave-(iii).
Fourth Wave usually are only a quick correction and stopped around 50% fibonacci of Third Wave.
After counting the fibonacci retracement, we could try putting a buy limit order at 1.6315 which is the 50% fibonacci retracement of wave-(iii).
For protective stop loss, we will use elliott waves rules where Fourth Wave could never touch First Wave.
Buy limit EURAUD 1.6315
Stop loss 1.6270
Take profit 1.6450 (3R)
RR ratio 1 : 3
Use only 1-2% risk
Good luck
EurAud- Bulls needs to conquer 1.62Yesterday EurAud had a false break under 1.6150 important support which was reversed quickly after.
At this point, we have a higher low in place exactly in this support and the pair looks very well bided.
A break above 1.62 would confirm that the pair could correct further and gains should accelerate to 1.6350 resistance.
I will stay bullish as long as yesterday's low is intact
EURAUD - SWING - 23. NOVE. 2020Welcome to our weekly trade setup ( EURAUD )!
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1 HOUR
Price moving sideways..
4 HOUR
Expecting another push to previous highs.
DAILY
Overall sideways moving market after a bearish structure, good long entries!
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FOREX SWING
BUY EURAUD
ENTRY LEVEL @ 1.62040
SL @ 1.61680
TP @ 1.63140
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN