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Euraudbuy

EURAUD ELLIOT WAVE ANALYSIS - WHAT NEXT?With a bullish reversal already in place in EURAUD, it is now possible to identify the bottom at 1.56836 as the invalidation level for the bullish outlook. This means that as long as EURAUD is trading above 1.56856, the big picture bullish outlook remains valid. Trade Setup Considering that EURAUD seems to be completed a five-wave impulse in wave 1, a three-wave pullback in wave 2 is expected to offer a good risk/reward buying opportunity. Wave 2 has the potential to retrace more than 50% of wave 1 but must not trade below the invalidation level for the setup to remain valid. . Once the pullback is completed, a five-wave impulse is expected in wave 3, which has the potential to move beyond the high of wave 1 and reach one of the Fibonacci targets for wave 3 "1.618 FE," as projected on the chart. Thanks for reading! Veejahbee.
Long
by Veejahbee
EURAUD - POTENTIAL 1000 PIPS BULLISH TRADE SETUP Hi Traders, The EURAUD daily chart shows that the sharp bullish run from 1.53505 low in December 2018 can be seen as a five-wave impulse in wave (A), labeled 1-2-3-4-5. . The Elliot wave theory states that a three-wave correction in the opposite direction follows every impulse. In EURAUD's case, wave (B) looks like a W-X-Y double zigzag/double three retracement. . The correction in wave (B) retraced 61.8 - 78.6% of the impulsive move in wave (A). If this count is correct, a 5-3 wave cycle is completed, and the trend can be expected to resume in the direction of the impulsive sequence. . Target above 1.65547 "wave (A) high" make sense in the mid-term, unless the price drops to a new low below 1.56911 "current wave (B) low." . Did you like this Elliot Wave Analysis? Kindly let me know in the comment. . Thanks for reading! Veejahbee.
Long
by Veejahbee
2
EURAUD longHello everyone. As you may know, this channel has been updated. At first, this channel was run by 1 person. From now on, there will be two persons who will run this trading group: t.me What can you expect from us? -A watchlist video. This will be uploaded every Monday in the morning. -Trade setups. We only share high probability trade setups. -At the end of the week we will upload a market recap video. This means that we will look back at the trade setups we have discussed in the trading group. In the future there will be some sort of mini lessons. We will keep you updated on what this is going to be. Furthermore, we have created this Equiy trading community group, because we want to create a community in which you can ask us questions, but also other people in the trading group. In that way we can grow as a community. We will share the link to this group in this message: t.me So, we hope you will enjoy this whole idea and that we will grow together! Team Equiy.
Long
by EQUIY
EURAUD UPDATE!!!!Patience pays, remember every level will eventually be broken. got some positions in (0.01 lots) there are 2 scenarios here. 1.My stops will be hit. 2.My tp will be hit. either way i have accepted a loss before ive accepted a win. Abit of advice from a noobie, before you take a position dont have expectations. so dont go into a trade with winning in mind. personally i accept a loss the moment i place a trade. this way you will deal better with losses rather than taking a trade and expecting a win. when expectations are not met especially in trading, it will make you feel horrible.
Long
by alitrading_