Good evening all. Last time out on EURAUD I hit a SL, but also gave out a couple of options to buy from the demand area, or sell if we broke below. Well price found plenty of support in the demand area and there was a perfect opportunity to buy with the daily doji . I didn't take this one but if you caught it you will be 170+ pips in profit and well over 1:2 R:R almost at 3. I would advise to take profits here as we may fall from this supply zone . Id like price to fall back and buy from that demand area again with the confluence of the trend line . Or price may continue bullish then we can look to buy on the break above if we break supply zone . Mark up and watch over the next couple of days to see what's to come. GLIYF
Good evening everyone. Checking back on EURAUD today and last time out there was a possible buy given out and happy to report TP has been hit at a R:R of 1:4. Now we are looking for the same again. Price has also moved back down the demand zone where I wanted to buy from to coincide with the trend line to give us multiple confluences. Will watch todays candle close and see if there is any signs of a reversal and buy from this demand zone to go back up to that supply zone . Should be a fairly easy one to take so keep your eyes out over the next day or so for an entry. GLIYF
Good morning all, reporting a stop loss hit this morning. I entered a buy on EURAUD after we got a daily doji on the demand zone like usual, but this pair had other idea's. The next daily candle kept dropping and took my 1% with it. But that's ok we cant win them all. What's next? Well it looks like we can look for a sell, so the ideal situation would be that we get a retest of the broken demand and trend line . If we get a pullback up to the supply zone that broke the demand we could try and get a sell in. Looking to target the long weekly trend line below. Lets hope we get that pullback so we can enjoy the ride. GLIYF
Good morning all, yet again Bitcoin shows its power. I set a buy stop at the previous high as per the last post. Well BTC smashed right through it and I had literally zero drawdown. I do love that type of trade when it happens. I hope some of you caught it along with me. It is a slightly risky type of trade as we are close to the ATH , but I read many people suggesting this could be the year end bull run. Fortune favors the brave so we must try. Currently we are sitting in 1900pips in profit, Keep holding for now and keep your eyes peeled. GLIYF
Good morning all. EURAUD is the pair were looking at today. We have seen a sharp fall in price over the last few weeks. It was expected to visit the demand zone after the trend breaks, but I was looking for a pullback to join the selling off. But we didn't get that so now it may be time to get a buy in from this demand zone that we have had many of good trades off previously to the left if you remember. This is a good price reaction area. WAIT for reversal signs on lower time frame before entering. As its possible we may be going lower long term, id say depending what happens at this demand zone now. Aiming for the broken long term trend line at 1:5 R:R Mark up your charts and wait before entering GLIYF
Good afternoon all, last time on EURAUD I posted a buy from the demand zone , but I didn't end up taking it as I wasn't watching this pair recently. It wasn't an ideal trade for me as the indecision candles were formed a little higher from the demand zone . But you could of got in after the deep dip into it. Never the less I was only buying a pullback on the break of trend, as I believe we will see another drop. So I will be selling if this candle closes as a <50% candle. First target is back down at the demand for a 1:5+ R:R. Stop loss above previous high candle. Should be fairly easy trade this. GLIYF
Good morning all, update today on EURAUD . I gave the sell setup out 5 days or so ago now and as selling on the daily close. We got the candle we wanted to the sell was placed. Very easy trade to take if you saw my last post. 1:6 RR trade on offer, currently we are 246 pips in profit on this position which in itself is 1:5 R:R. Super quick trade so far this has been. I hope you all managed to tag along with me, it's up to you no wether you close some of your position or move your SL into profits and let the rest of the trade run its course, I think we will certainly be visiting the demand below. Keep holding for now and make sure to secure your bag. GLIYF
Good morning all, good beginning to the week for our EURAUD trade. Price has respected the trend line and we continue on our bearish move. We have uniform movement with lower high's and lower low's. Hopefully now we might get a lower low and possibly reach TP zone below at the demand area. We have peaked at 245 pips but currently sit at 160. You could move your SL to just above the lower high to secure some profit along the way. Keep holding for now until the next update. GLIYF
i would like to see a good retest of your area and then break back above for the bullish run. we are looking at a key level thats for sure but the way EUR has fallen across the board its hard to tell at the moment looks good keep them coming