EURAUD trade ideas
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
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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.
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TEAM FXSIGNAL]
Euro - Aussie :- Broken Below Resistance Zone Short at Market Price - Aim for previous support at 1.6000 as targets
EUR/AUD Wave analysisThe 4 Hour chart of EUR/AUD has formed the Full Elliot wave pattern
It is currently making 'c' corrective downside moves with the running flag formation of further upside forecast bias after the corrective moves.
EUR/AUD Technical analysisThe 4 Hour chart of EUR/AUD has formed the full Elliot wave pattern
After completed impulse moves, currently it is in the making of c correction wave
so,It is expected to be bearish and would reach the expected target.
EUR/AUD Technical analysisThe EUR/AUD pair is currently in an uptrend in the daily timeframe.
It is currently at the 1.618 fibonacci extension of its rally initiation point, which can act as a strong resistance.
If the resistance holds, we can expect a good retracement move due to profit booking.
If the resistance is broken then a good accelerated bullish move can be witnessed.
EURAUD: Trendlines in focusThis morning the cross fails to breach the March high 1.6190, Asian session high was 1.6169. Looking at the more top time frames between 1.6190-1.6250 the cross will face immense selling pressure. The 100.0fe is pointing to 1.6190 coincides with the March high.
EUR/AUD Technical analysisThe 4 hour chart of EUR/AUD has formed a deep crab pattern along with MACD histogram divergence formed.
So, It is expected to be bearish and would reach the target.
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
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
EUR/AUD:watch carefully 1.53000,it can jump or fall!as we can see,trend line base on 2 hours chart is going up,and we can see so many times price gave reactions to trend line, so we can trust the line.right now every thing is base on 153.000, if the price another time react to the trend line and same like before go up,we can keep trusting and go for up again, but if anyhow price break down the trend line and confirm that, we can say yes it is going down!
EURAUD Bat Pattern formation So i have a Bat pattern forming here to go long paying attention right now on the candle stick patterns to favor my analysis long.
EURAUD BULLISH BUTTERFLY COMPLTEDLONG EURAUD WITH POSSIBLE TARGETS OF 1.4479 AND 1.4551 ......KEEP STOPLOSS1.4181
