EURAUD Short

bigbax699

Recruit
Messages
35
EURAUD is going to plan so far. Since the drop through support we got a doji and then a push back up to our entry zone the following day. We seen a couple of days drop since then and today weve seen another pullback up towards the resistance so if you missed the first entry today was another chance to get in. if you follow these charts then i hope your in by now. Looking for the drop to support below. GLIYF
Screenshot_3.png
 

bigbax699

Recruit
Messages
35
New week begins and having a look at EURAUD today. Last time i looked i was looking for the sell from the trend and small supply zone . But price had more momentum so i hit SL on this one. I guess i should of waited as it came up and hit my blue circle perfectly. more patience pays always, but still its all good. There's a couple of op's here as AUD seems to be picking up strength again. jumpign in now is risky but should work with a small stop loss. Im going to wait for the break down of the resistance zone and sell on the retest. GLIYF
Screenshot_1.png
 

bigbax699

Recruit
Messages
35
Hope everyone had a good trading week. This weekend looking at a possible EURAUD short. Havent looked at this pair for a while, but i think the time is coming for a big move in price. You can always tell by price action and the moving averages. We have had sideways movement and not been anywhere near the averages for months, its like price waits for them to catch up before making its next move. Which is what we have here, price getting squeezed, the averages have flipped and spread to signal a downtrend, so im going short on this pair for a modest 1:3 R:R down to the support level below. Enjoy the rest of your weekend see you monday. GLIYF
Screenshot_1.png
 

bigbax699

Recruit
Messages
35
Over the weekend i called this setup to sell on market open. We had a little tiny bit of DD but it moved as expected. Currently we are 200+ pips in profit on this pair, it looks like we could continue towards out target. Price touched the moving averages for a rejection and it looks to be down trending now
At this point you should of moved your stop loss to entry so its a risk free trade, or if you want you could even move it into 50 pips profit to bag some pips for sure. Keep holding for now if we break slightly below this level we are at now. GLIYF
Screenshot_21.png
 
Top