EURAUD Short

bigbax699

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Messages
35
Sunday reflection today. Back early last week we was looking for EURAUD to turn around in the magic bluc circle on the resistance zone . Turns out this blue circle wasnt magic and the EUR shot right through it in a MASSIVE bull move. AUD being so weak in all this world economic uncertainty was a big cause. But where from here? With china pmi data being so low on this weekends release its hard to look past AUD gaining any strength at all in the near future. Were way oversold on the daily RSI so i would expect some sort of retracement, but how big or small im not sure. The .618 fib level on 1.66 looks favorable to me. Then we could see a further push to the top of the channel possibly. All depending on the china and this virus situation. See you all tomorrow
Screenshot_5.png
 

sebking1986

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Messages
194
Would have been laughing going long from when that chart was. Straight up to the blue box and through actually. Finally correcting now
 

BitcoinBabe

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Messages
54
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
Was a good call well done
 

BitcoinBabe

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Messages
54
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 pipsView attachment 50845
Boom another good call
 

BitcoinBabe

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Messages
54
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 :)View attachment 51067
It played out very well mate
 

BitcoinBabe

Recruit
Messages
54
Late one today sorry ive been busy. Looking at EURAUD again today as its approaching a critical zone. Were almost back up to the top from where we sold last time. But this time i dont think we will see such a big drop . In my opinion i think we will get a shorter drop of around 300 pips or so, maybe even a little less before another attack of the top zone. Look for this daily candle wick to fill and then rejection round the top to sell. Thats what i will be doing GLIYF View attachment 51158
Thanks for these I've made several hundred pips on these !
 

BitcoinBabe

Recruit
Messages
54
Sunday reflection today. Back early last week we was looking for EURAUD to turn around in the magic bluc circle on the resistance zone . Turns out this blue circle wasnt magic and the EUR shot right through it in a MASSIVE bull move. AUD being so weak in all this world economic uncertainty was a big cause. But where from here? With china pmi data being so low on this weekends release its hard to look past AUD gaining any strength at all in the near future. Were way oversold on the daily RSI so i would expect some sort of retracement, but how big or small im not sure. The .618 fib level on 1.66 looks favorable to me. Then we could see a further push to the top of the channel possibly. All depending on the china and this virus situation. See you all tomorrow View attachment 51247
Even better than expected!
 
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