EURAUD Short

bigbax699

Recruit
Messages
7
Looking back at EURAUD again. The move still continues. If you took this from the supply zone at the top then you will be 375 pips up on this currently.
We had the pullback at 50% rest stop area and then the continuation. Broke below that level of support so i believe it should continue down now to TP of 500 pips to the long term trend.
I would take full profits at this point then look to see what is happening around that area, if it breaks below then look to get in on the retest of the broken trend for another big push down. Great R:R this trade was of 1:6
Screenshot_5.png
 

bigbax699

Recruit
Messages
7
TP has been hit on EURAUD . Since sunday before last we went for the short on this pair. Since then over the last two weeks we have made 500 pips. Pretty good off one pair dont you think.
Seeing as though its friday and we have hit the furthest projected target i would close positions on this if you followed.
now we are in this small triangle area i would wait to see which way in the big rectangle we go. Will we retest the broken support above for another drop , or break back above for another push up.
Who knows, but lets wait and see for the direction.
Have a good weekend everyone and enjoy them pips
Screenshot_2.png
 

bigbax699

Recruit
Messages
7
After taking profit on the big drop from the top with 500 pips. Its back on EURAUD this weekend to look for the next setup. As you can see pricehit that support level and has bounced right back up and hit the .618 fib. Where from here? either reject off the fib and come back to the .382 fib and support level for another push?
Or could we still see further push up for the double top M formation as drawn. Either one we can be ready to enter. Keep your eyes peeled on this one peeps. Personally id like to see it test the top resistance again, its such an easy trade to take with little risk involved. Enjoy your weekend see you all on monday :)
Screenshot_3.png
 

JungleTrader

Private
Messages
13
I'm personally eyeing up that possible Double Top all the way down nice drop to your S1 then on to S2 . Couldn't be easier just exercise a little patience, you too buddy enjoy your weekend
 

JungleTrader

Private
Messages
13
Looking back at EURAUD again. The move still continues. If you took this from the supply zone at the top then you will be 375 pips up on this currently.
We had the pullback at 50% rest stop area and then the continuation. Broke below that level of support so i believe it should continue down now to TP of 500 pips to the long term trend.
I would take full profits at this point then look to see what is happening around that area, if it breaks below then look to get in on the retest of the broken trend for another big push down. Great R:R this trade was of 1:6View attachment 50787
Still another 125 pip movement to be made down to the trendline and wait for price reaction there , nice job Lee.
 

Wookie106

Recruit
Messages
1
Looking back at EURAUD again. The move still continues. If you took this from the supply zone at the top then you will be 375 pips up on this currently.
We had the pullback at 50% rest stop area and then the continuation. Broke below that level of support so i believe it should continue down now to TP of 500 pips to the long term trend.
I would take full profits at this point then look to see what is happening around that area, if it breaks below then look to get in on the retest of the broken trend for another big push down. Great R:R this trade was of 1:6View attachment 50787
What’s your thoughts for more long term? Nice pips made though
 

Alex Bainbridge

Recruit
Messages
6
Looking back at EURAUD again. The move still continues. If you took this from the supply zone at the top then you will be 375 pips up on this currently.
We had the pullback at 50% rest stop area and then the continuation. Broke below that level of support so i believe it should continue down now to TP of 500 pips to the long term trend.
I would take full profits at this point then look to see what is happening around that area, if it breaks below then look to get in on the retest of the broken trend for another big push down. Great R:R this trade was of 1:6View attachment 50787
That was a good entry there bro. The current price action though makes my brain hurt lol. Much prefer a trend me
 

TJ Forex

Private, 1st Class
Messages
37
I've been out of this pair for a while, will need to get back into it next week once the markets open again.
 

Sammy colt

Private, 1st Class
Messages
41
Nice analysis and great job. It's not a pair I normally trade but will be following your analysis from now on.
 
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