Euraudsell
EURAUD - UPDATEHey folks,
Same as the other 2 pairs, EURAUD shot up aswell!
This one went a little higher than expected but then again, look where it stopped... right at another ZONE FLIP.
On the H4 we're looking to see a big fat shift candle to the downside, if this happens we'll get into the trade at the CLOSE of the H4.
But then again, we're not stressed to take a trade. When they move, we move :)
*UPDATE 2.0* EURAUD - TREND REVERSALHey folks,
Here another update on EURAUD.
We have closed our position with 100 pips profit!
Exactly at the area where we predicted the pullback, unreal how accurate these markets are.
Currently we're looking for a bounce off the 50 EMA on the H4, or a M formation off the 200 EMA on the H1 for a better entry.
It definitely looks like it's going to drop more.
Will keep you guys update if we enter another trade :)
EURAUD - Analysis - ShortPrice reached the weekly resistance along with the retest of a previous broken long trend line. In the test of the weekly resistance the price broke, again, the long trend line and is now retesting it, but is already showing some rejection bearish candles. I`m waiting for a clear bearish price action to go short!
EURAUD SELL #1808Click on the play button below for more detailed breakdown:)
For your convenience, I have done up this post so that you can track the progress of the trade by clicking the Play button above.
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Feel free to leave your opinions on why you AGREE or DISAGREE with my trade analysis! Would love to know your perspectives!
Trading is the hardest way to make easy money.
EURAUD - TREND REVERSAL LOOKING TASTYHey everyone,
Last week we had our projection for EURAUD looking at a nice trend reversal.
As predicted for this week, the pair has come back to retest the recent highs.
As of now, I'm waiting for a second hit to the high, otherwise I will not take the trade from the top.
Let's wait and see what happens!
If they move, we move.
EURAUD Possible Trend ReversalCurrently we are looking at EURAUD H4 and waiting for price to bounce off the 50EMA.
Once this happens, we're looking for a retest of the high, forming a nice M formation.
Entry is going to be based on candle patterns.
The blue areas are marked areas where I think the market may bounce off on it's way down.
We're looking for 200-300 pips if we catch the top of the formation.
Most likely a setup for the week of 17/09/2018.
Once the setup shows, we'll do another post with all the confluences.
Let's see what the market brings us.
EURAUD SELL - LONG TERM SHORTTo retrace to the 0.786 level of fibonacci would mean for price to get all the way up to 1.59949.
4/25/18 (1.61409) on the Daily timeframe, shooting star candle which lead to a massive drop (~860 pips) til around 6/4/18 (1.52747 top of a key zone.)
Historically, this trend repeats itself from the ~1.61409 level very well. From 8/24/15 to 2/11/16 about 5 significant drops occurred resulting in a drop of about 300 pips at a minimum.
9/29/15 rice was at 1.62505. VERY close to the aforementioned high of 1.61409. From that time until 12/3/15 there was a ~1900 pip drop and price went to a low of 1.43479.
Price has consolidated the last 5 hours ranging from around 1.59336 to 1.59023.
I am looking to see if price will reach 1.61409 - 1.60008 for a really nice long term sell.
If price does not reach that level and shows a lot of bearish signs and signals.. I plan to sell it around 1.58895.
My take profit aligns perfectly with the 1.272 level of the fibonacci extension which is 1.50337. I plan to take profit at 1.50657. I will look for a sooner place to take profit and update as I analyze.
Happy trading everyone, let’s milk this bitch!
EURAUD - LONG TERM SELL - MUST SELLTo retrace to the 0.786 level of fibonacci would mean for price to get all the way up to 1.59949.
4/25/18 (1.61409) on the Daily timeframe, shooting star candle which lead to a massive drop (~860 pips) til around 6/4/18 (1.52747 top of a key zone.)
Historically, this trend repeats itself from the ~1.61409 level very well. From 8/24/15 to 2/11/16 about 5 significant drops occurred resulting in a drop of about 300 pips at a minimum.
9/29/15 rice was at 1.62505. VERY close to the aforementioned high of 1.61409. From that time until 12/3/15 there was a ~1900 pip drop and price went to a low of 1.43479.
Price has consolidated the last 5 hours ranging from around 1.59336 to 1.59023.
I am looking to see if price will reach 1.61409 - 1.60008 for a really nice long term sell.
If price does not reach that level and shows a lot of bearish signs and signals.. I plan to sell it around 1.58895.
My take profit aligns perfectly with the 1.272 level of the fibonacci extension which is 1.50337. I plan to take profit at 1.50657. I will look for a sooner place to take profit and update as I analyze.
Happy trading everyone, let’s milk this bitch!
EURAUD SELL VIDEO ANALYSIS #1808If you like what you see, please like and follow me BELOW!
www.tradingview.com
Feel free to leave your opinions on why you AGREE or DISAGREE with my trade analysis! Would love to know your perspectives!
Trading is the hardest way to make easy money.
***Sorry if I sounded choppy as this is my first time doing a video analysis! Hope to receive more feedbacks on how I can improve on this. Cheers!
For your convenience, you can track the progress of the trade by clicking the Play button below.