Get started

Euraudbuy

EURAUD UPDATE!!!!Patience pays, remember every level will eventually be broken. got some positions in (0.01 lots) there are 2 scenarios here. 1.My stops will be hit. 2.My tp will be hit. either way i have accepted a loss before ive accepted a win. Abit of advice from a noobie, before you take a position dont have expectations. so dont go into a trade with winning in mind. personally i accept a loss the moment i place a trade. this way you will deal better with losses rather than taking a trade and expecting a win. when expectations are not met especially in trading, it will make you feel horrible.
Long
by alitrading_
EURAUD - CAN YOU COUNT TO 3?Hey folks, In EURAUD we have the perfect example of how the market makers move the market in levels of 3 to play with every trader's psychology. This indicates to us that the market might actually reverse here. Especially because we're at a D1 Trap Zone. Currently we're waiting for a second leg to complete our market structure. Once formed, we're looking for entries to go LONG on this pair. 1) Keep in mind we're in Level 3 now, so we will see volatile moves. 2) The market might only move up to 1.5750 as this is a quarter point + the H4 is showing a strong downtrend. Let's see what the market brings to us. Don't forget, we're the constant & the market is the variable. Happy trading!
Long
by Matt1994
EUR is Crushing AUDEURAUD is formed a double top on the daily chart over the past few weeks. Trends will often continue until a specific event take place or when buyers step in at significant levels; I don't see buyers stepping in within the next few days. I am noticing price has not closed below the long term trend that you can see on the chart. In fact, it appears to be bouncing at this level. After a clear break (closed candle) of the lower trendline, the real selling will begin. Jumping in before this level is broken could result in the market faking us out. I have not seen any major news that would cause EURAUD to reverse and head higher, but we both know this does not always matter. It is always best to trade with the trend, and right now the trend is bearish. CAUTION: Pay attention to the wedge towards the bottom right of the chart. This appears to be a breakout zone, which can go either way depending on what is happening around this time. Would love to see your view and hear your thoughts. Thanks for reading. Follow me and provide feedback. -StampsFX
Short
by StampsFX