Euraudsell
EURAUD - SELL TIME - YOU AGREE?EURAUD HAS NOW BROKEN THE SUPPORT LINE
AND AS I HAVE ANALYSED WE ARE NOW EXPECTING
THIS TO GO DOWN.
GO TO LOWER TIME FRAME AND CHECK IF A FLAG
IS FORMING. BUT THE REVERSAL AND THEN SELL
DOWN. WELL THAT IS IS YOU ARE SURE OF WHAT
YOU ARE DOING.
SUPPORT THE MOVEMENT WITH YOUR LIKES,
COMMENTS AND FOLLOW FOR MORE
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
EURAUD - POSSIBLE LARGER STRUCTURE FORMINGHey folks,
I have been trading intra-day the last few days and couldn't focus on posting my analysis.
So here we go with EURAUD.
As you see it played out exactly how we predicted!
For the coming week, I expect a reset at the 200 EMA (white line) & previous trap area to then move up to @1.63300.
At this area we expect a larger move down due to higher time frame analysis.
This is just one of many possibilities, price may aswell just keep moving down.
But we shall see... good trading day everyone! :)
EURAUD - MULTI-DAY 'M' FORMING Hey folks,
Here's the analysis for the day for EURAUD.
We currently have a nice multi-day forming right at the last zoneflip before the anchor structure.
If this H1 candle closes BELOW 13 EMA we have a 2nd leg nameable pattern (Morning Star) and we're going to enter the trade!
Target will be around @1.6075.
Let's see what happens :D
EURAUD - UPDATEHey folks,
Same as the other 2 pairs, EURAUD shot up aswell!
This one went a little higher than expected but then again, look where it stopped... right at another ZONE FLIP.
On the H4 we're looking to see a big fat shift candle to the downside, if this happens we'll get into the trade at the CLOSE of the H4.
But then again, we're not stressed to take a trade. When they move, we move :)
*UPDATE 2.0* EURAUD - TREND REVERSALHey folks,
Here another update on EURAUD.
We have closed our position with 100 pips profit!
Exactly at the area where we predicted the pullback, unreal how accurate these markets are.
Currently we're looking for a bounce off the 50 EMA on the H4, or a M formation off the 200 EMA on the H1 for a better entry.
It definitely looks like it's going to drop more.
Will keep you guys update if we enter another trade :)