EURAUD Short

[Amina El Mehdi]

We`re going down here.

 

[bigbax699]

Good afternoon all, looking back on the EURAUD setups today. I've taken the sell here from this freshly created supply zone on the daily. Last time we were looking for the break below but the demand zone held and price reacted from it. BUT it created a lower high on the bearish trend . that's why I took the sell from here. First TP zone is the demand below. If we manage to break it this time then we can hold to the bigger longer standing demand zone below that. Moving average is giving us dynamic resistance also so nice couple of confluences. GLIYF

 

[Amina El Mehdi]

It`s going in our way.

 

[bigbax699]

Good evening all, hope you're enjoying your weekend so far. Best time to check up on our trades. EURAUD is going to plan nicely at the moment. We have dropped from supply as expected and currently 90+ pips up on this trade. Two things could happen here, break and retest of the trend, or the supply was enough to continue the bearish trend . Time to squeeze the market and see. Keep watching for now incase we need to close for profit, as always move SL to entry to make risk free. GLIYF

 

[bigbax699]

Good morning all. New week has already begun and EURAUD has been kind to us and moved in our desired direction since entry. Price currently sits at the bottom of this wedge and i'm going to call TP here at just over 160 pips. Just because its at a junction of confluences here, with the long trend line , the small wedge , and the demand zone . I'm still looking for the break and re-test below so keep your eyes out once we break out of this wedge . Have a good week all GLIYF

 

[Amina El Mehdi]

This will be broken down for sure.

 

[bigbax699]

Good morning all, hope everyone's having a good Easter weekend. Marking up EURAUD today, last time i called TP on this positions for 160+ pips which was the correct decision in the end as price respected the bottom of the flag. As we can see we are now getting squeezed into a corner. Classic way to show us which way to trade next. I have marked up my two ideal trade setups for which I would like to enter with. The break up or break down, buy or sell on the re-test. Fairly easy trades to take so mark your charts and wait for price to come to you. GLIYF

 

[Amina El Mehdi]

The move will be soon. I`m just waiting for the direction.

 

[bigbax699]

Last time I looked at EURAUD we was waiting for a breakout of the flag. We got a big breakout to the topside. We have had a retest of the break and the current candle is consolidating. So I am looking at a buy option here. I would like to see price close above the moving average as its starting to turn to the upside. If support is found here on the lower time frames then I will take the buy from here up to the supply zone above. GLIYF

 

[ForexWarrior2020]

Ill be looking for the next high to be broken to make sure its a clear break in market structure to the upside. Will definitely be watching this