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Australian Dollar/Euro

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AUDEUR trade ideas

A trading opportunity to Sell in EURAUDMidterm forecast: There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend. Technical analysis: A peak is formed in daily chart at 1.6780 on 01/03/2019, so more losses to support(s) 1.5670, 1.5530, 1.5345 and more depths is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 44. Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (1.6355 to 1.6160). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. Beginning of entry zone (1.6355) Ending of entry zone (1.6160) Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1 : @1.5885 TP2 : @1.5670 TP3 : @1.5530 TP4 : @1.5345 TP5 : @1.5075 TP6 : @1.4910 TP7 : @1.4670 TP8 : @1.4040 TP9 : @1.3675 TP10 : Free
Short
by ForecastCity
2
SELL EURAUD FOR WEEKLEY INCOME TRADER.- ALERT SIGNAL FOR POSITIONAL TRADE ALERT SIGNAL DATE -14/10/2018 SELL ENTRY 1 - 1.63007 SELL ENTRY 2 - 1.63534 STOPLOSS- 1.64121 TARGET 1 - 1.62456 TARGET 2 - 1.61888 Hit like, comment and follow for more profitable Trades. Happy trading. THANK YOU HOW WEEKLEY WIT SIGNAL IS VALID FOR DAILY INCOME TRADER(DIT) 1,IT IS VALID UPTO 24 HOURS,ONCE IT HITS THE ENTRY 2,ONCE PAIR CROSSED 10 PIPS,MOVE YOUR TRAILING STOPLOSS TO 2 BREAKEVEN OR ENTRY 3, WAIT FOR TARGET OR EXIT AT YOUR OWN COMFORT MONEY MANAGEMENT RULES Let’s say, If you have 1000 USD trading balance, you can use Maximum 0.10 lot (0.02+0.03+0.05 = 0.10 lot is the addition of all your open trade lot sizes). 0.10 lot should be your maximum open lot on your 1000$ trading account. 10,000 USD balance = 1 lot maximum (Example : 0.25 lot x 4 orders = 1 lot) 50,000 USD balance = 5 lot maximum (Example : 1 lot x 5 orders = 5 lot) If you are more emotional(tension, sad, greedy) while trading, You can change your leverage below 1:50 to control your emotions. *SUBJECTED TO MARKET RISK Understanding the importance of each or these trading rules, and how they work together, can help traders establish a viable trading business. Trading is hard work, and traders who have the discipline and patience to follow these rules can increase their odds of success in a very competitive arena. Personally, I like to use a system that has the highest reward to risk, which means that I tend to look for turning points at support and resistance levels because these are the points where it is easiest to identify and quantify the risk. Support is not always strong enough to stop a falling market, nor is resistance always strong enough to turn back an advance in prices. However, a system can be built around the concept of support and resistance to give a trader the edge required to be profitable. THANK YOU TEAM FXSIGNAL]
Short
by E_R_S