Euraudsell
EURAUD Market Outlook | Daily Forex Market BreakdownEURAUD
EA practically stuck on the trend line still. You may have heard me mention that you have to be extra cautious taking trades around trend lines because there is a lot of indecision in the market which leads to confusion. So for the time being I am going to step aside and let EA do its thing.
EURAUD Market Outlook | Daily Forex Market BreakdownEURAUD
Pushing back up a bit, bit choppy today as it has been all week. Expecting possible AUD strength right around the corner. I feel EA is going to push up and test highs before completely rolling over to the downside. Great short opportunity developing.
EurAud- towards 1.6 important support?From the August top, AudUsd was trading downwards, with 4 lower highs and clear support at 1.6.
A daily close under 1.62 would announce a false break and would open the door for the 1.6 important psychological support
Strategy:
Sell the break
SL @ 1.6330
TP @ 1.6
Euraud h4 outlookEuraud h4 outlook
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the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Tradewithsam
EURAUD - FOREX - 12. NOVE. 2019Welcome to our weekly trade setup ( EURAUD )!
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1 HOUR
Small bullish pullback in a bearish market.
4 HOUR
Bearish market with several small pullbacks to the upside.
DAILY
Great short entries to follow the trend!
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FOREX SETUP
SELL EURAUD
1ST ENTRY @ 1.61320
2ND ENTRY @ 1.61740 (wait for trigger)
SL @ 1.62480
TP @ 1.60050
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN