EURAUD Long term sellI'm in in this trade since last week. Momentum is really strong following the same idea of AUD going strong at the beginning of the year.
This is a long term trade. So it will take months. Best case scenario will be structure is complete and we are going completely down or
one more down to complete correction and then up on weekly. Good luck :)
Euraudtrade
EURAUD Trade IdeaFX:EURAUD
Mario Draghi's comments earlier during the press conference for the ECB Monetary Policy were mostly negative in terms of outlook. This should affect the euro accordingly so I will begin to build euro exposure...
1. Up-trend line broken
2. Retest of the trend line from the underside (can be seen clearly on a line chart)
3. Bearish engulfing candle pattern completed
Enter @ market price 1.56942
TP lower @ previous support 1.55260
SL just above the recent high where I feel the setup would be deemed invalidated 1.57997
Don't bet the farm, always exercise good risk management
EURAUD - SELL TIME - YOU AGREE?EURAUD HAS NOW BROKEN THE SUPPORT LINE
AND AS I HAVE ANALYSED WE ARE NOW EXPECTING
THIS TO GO DOWN.
GO TO LOWER TIME FRAME AND CHECK IF A FLAG
IS FORMING. BUT THE REVERSAL AND THEN SELL
DOWN. WELL THAT IS IS YOU ARE SURE OF WHAT
YOU ARE DOING.
SUPPORT THE MOVEMENT WITH YOUR LIKES,
COMMENTS AND FOLLOW FOR MORE
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 :)
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 - 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.
EUR/AUD - 200 Pips+ OpportunityEUR/AUD has broken down the 200 EMA and is currently in a bearish trend.
An opportunity has presented itself to enter the bearish trend. As the price breaks the current support (1.56 area) it may continue down for the rest of the month until it finds a strong support.
The long term bearish move is cancelled if the pair finds the strength to break the 1.57 area.
Happy trading! Follow your rules!