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AUSTRALIAN DOLLAR / EURO

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AUDEUR trade ideas

A trading opportunity to buy in EURAUDMidterm forecast: While the price is below the resistance 1.6190, resumption of downtrend is expected. We make sure when the support at 1.5275 breaks. If the resistance at 1.6190 is broken, the short-term forecast -resumption of downtrend- will be invalid. Trading suggestion: There is a possibility of temporary retracement to suggested resistance zone (1.5825 to 1.5890). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.5890) Ending of entry zone (1.5825) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " 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 the special version of our " Price Action " strategy FOLLOW our lessons : Technical analysis: The RSI support #1 at 49 is broken, so the probability of resumption of downtrend is increased. While the RSI downtrend #2 is not broken, bearish wave in price would continue. A peak is formed in daily chart at 1.5880 on 07/12/2018, so more losses to support(s) 1.5605, 1.5530, 1.5425 and minimum to Major Support (1.5275) 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 41. Take Profits: TP1 = @1.5605 Tp2 = @1.5530 TP3 = @1.5425 TP4 = @1.5275 TP5 = @1.5075 TP6 = @1.4910 TP7 = @1.4605 TP8 = @1.4445 TP9 = @1.4040 TP10 = @1.3675 TP11 = @1.2225 TP12 = @1.1600 TP13 = Free Trade Setup: We opened 12 BUY trade(s) @ 6118.08 based on 'Hammer' entry method at 2018.08.14. Total Profit: 462720 pip Closed trade(s): 0 pip Profit Open trade(s): 462720 pip Profit Closed Profit: TP1 @ 6415.00 touched at 2018.07.16 with 13965 pip Profit. TP2 @ 6974.35 touched at 2018.07.17 with 69900 pip Profit. TP3 @ 7682.60 touched at 2018.07.23 with 140725 pip Profit. 13965 + 69900 + 140725 = 224590 pip Open Profit: Profit for one trade is 6503.68(current price) - 6118.08(open price) = 38560 pip 12 trade(s) still open, therefore total profit for open trade(s) is 38560 x 12 = 462720 pip
Short
by ForecastCity
1
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 a downtrend wave below 1.6190 would begin in Midterm. Technical analysis: The RSI bounced from the resistance #1 at 62 and it prevented the price from more gains. A trough is formed in the daily chart at 1.5425 on 06/14/2018, so more gains to resistance(s) 1.5825, 1.5890, 1.6040 and maximum to Major Resistance (1.6190) is expected. Price is above WEMA21, if the price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 53. Trading suggestion: There is a possibility of temporary retracement to suggested Sell Zone (1.5825 to 1.5890). if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (1.5825) Ending of entry zone (1.5890) Take Profits: TP1= @ 1.5730 TP2= @ 1.5620 TP3= @ 1.5525 TP4= @ 1.5425 TP5= @ 1.5275 TP6= @ 1.5075 TP7= @ 1.4910 TP8= @ 1.4605 TP9= @ 1.4445 TP10= @ 1.4040 TP11= @ 1.3675 TP12= @ 1.2225 TP13= @ 1.1600 TP14= Free
Short
by ForecastCity