IMPORTANT use position size calculator, do not risk more than 1% move SL slightly above 2-day high as soon as new D1 candle closes
Use position size caculator DO NOT RISK more than 1% SL: 1.60300 TP: 1.70300
Price found the long term uptrend line along with a previous support, and gave us a bullish pinbar.
sell euraud on flag breakout 1.5640 and stop loss 1.5740 and tp is 1.5500 tp2 1.5460 Reason to sell 1> Rectangle breakout and retest breakout 2> Range breakout 3> flag pattern formation and trade on breakout Good luck and Remember me in prayer Asad Ullah Jass
Commentary provided today is aimed at understanding the 3 important things to keep in mind when trading and/or investing in the EURAUD. The Daily timeframe chart below captures price action from ~ August 21, 2015 till present date. Chart patterns, (which includes trend lines) are utilized in this analysis to point out 3 key areas to pay attention to that are...
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Here we have a trade opportunity for the EURAUD which has recently broke out from a Daily + Weekly uptrend. Price has found support at the 38.2% fib level and bounced up nicely. The potential target zone will be the point it broke out, with a longer term target of continuation of the uptrend. This research is for informational purposes and should not be...
AUD is not having a good day on several pairs. I usually do not trade against the general trend, which is down on this pair, but can't ignore the macro economics together with the analysis. I'm in if it passes 78EMA again, with a tight SL.
I have been waiting for this to get down to resistance and reverse. Waiting for it to break the middle resistance 1.42522 before I go long. RSI MACD both signaling upwards. A few leading indicators for EUR economy is coming out today, might be worth waiting for those before going in. The only thing I don't like is going long on a trend that is generally short...