EURAUD - PULLBACK - 03. MAY. 2019WELCOME TO DACAPITAL-TRADING!
EURAUD FOREX BREAKDOWN 02 MAY 2019
1 HOUR
Bullish price movement into psychological resistance level
4 HOUR
Taking out Midterm sellers and short holders breaking previous week resistance
DAILY
Bearish Waving market with good short entrys now!
PULLBACK SETUP
SELL EURAUD
ENTRY @ 1.59920
SL @ 1.61260
TP @ 1.58385
(Use normal Risk!)
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
Euraudsell
EURAUD Short SetupHi everyone, I'm looking for a nice sell opportunity in EA for some reasons:
- If we see weekly chart, you can see that there are a lot of rejection from 1.5850(we didn't close for one month above that level)
- if we see daily chart, in 5 March we made new lows, and March 18 we spiked on that level (sort of double top) before going down.
- Today we can see clearly that we had a rejection from that trendline and just price repeats it's self we are spiking towards that level but we're having trouble passing that level.
- 1.59600 , if we close daily above that level , that will invalidate my entry otherwise I'm in this trade with a big stoploss cuz of huge
opportunity 200 - 300 pips or more.
- if we see 4h we can see that we're having a lot of spinning tops, dojis - meaning that the trend is slowly ending.
Trade safe guys!
EURAUD SHORTBreak and retest of TL, nice rejections from the 0.618 which confluences nicely with a supply zone. Head and Shoulders formation on lower tf's which is a nice confluence for our sell, as well as divergence on the 30m RSI. SL an ATR above the wicks and TP is aiming for a retest of the lows.
EUR/AUDIf we look at Monthly and Weekly timeframe we have a lot of rejection from 1.6200 (a big shooting star Weekly).
If we look daily we have 4 rejections from 1.60000 and 3 dojis and 1 spining top (clearly this means that Eur/Aud will drop)
What I'm looking in this trade is a retest of 1.5900 zone before going down, it's a good trade where the risk reward is 1:8
basically 174 pips. Our first obstacle is 1.58500 level, which I hope we can break and retest before going down.
So I'm very bearish in this pair this also includes GBP/AUD.
My target is 1.57285.
Daily rejections and dojis from 1.6000