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EURAUD trade ideas

Swing Trading Idea For EURAUDGreetings traders, At Gold Signals by Professor, we're excited to bring you our latest analysis on the FX markets. Our analysis indicates that EURAUD has broken a channel pattern on the downside and taken a resistance and again fallen down. It's important to stay informed about the latest news and events that may affect the gold market. Factors such as global economic conditions, geopolitical tensions, and central bank policies can all play a role in the price movements of Gold. By following our recommendations and staying informed, traders can potentially maximize their profits while minimizing their risks. Don't miss out on this opportunity, and join our community today to start benefiting from our expert analysis and signals. Wish you all a very Good day Thanks Team_Professor
Short
by Professor_GS
Short On EURAUD Sell Entry On EURAUD As A Trader I Completely Believe On Sentence " TRADING IS SO SIMPLE (If We Stay Consistent & Discipline With Our Strategy) BUT NOT EASY (If We Start Breaking Our Trading Strategy Rule.)" "Below All Conditions Are Meet To Take Short Entry On EURAUD" (1) Entry Price - 1.55396 (2) Stop Loss - 1.55816 (3) Take Profit - 1.54178 TIMEFRAME - 1 HOUR Here I'm Going To Explain My Own Strategy Step By Step With The Help Of Word - "CEST - B" Where , "C" Stand For - CONDITION (1) RSI For Long Entry - I Want RSI(14) In Oversold Area(30Level). (2) RSI For Short Entry - I Want RSI(14) In Overbought Area(70Level). (3) Candlestick For Long Entry - Need Bullish Big Shadow candle When RSI Is In Oversold Area. (4) Candlestick For Short Entry - Need Bearish Big Shadow candle When RSI Is In Overbought Area. (5) We Need Regular Divergence If RSI Is Not In Overbought or Oversold Area When Big Shadow Candle stick Form. "E" Stand For - ENTRY (1) For Long - Opening Price Of Previous Candle Of Bullish Big Shadow. (2) For Short - Opening Price Of Previous Candle Of Bearish Big Shadow. "S" stand For - STOP LOSS (1) For Long - ATR(14) Of Bullish Big Shadow + Distance From Entry Price To Low Of Bullish Big Shadow + 2Pips Extra ( Spread). (2) For Short - ATR(14) Of Bearish Big Shadow + Distance From Entry Price To High Of Bearish Big Shadow + 2Pips Extra ( Spread). "T" Stand For - TAKE PROFIT Take Profit Will Be 2.9 Times Of Our Risk Which Means If Our Risk On Single Trade Is 3% Then Take Profit Will Be 8.7% . Risk - Reward Ratio - 1:3 "B" Stand For - BREAK-EVEN (1) For Long - If RSI(14) Reach To Overbought Area We Will Move Our Stop Loss To The Break-Even. (2)) For Short - If RSI(14) Reach To Oversold Area We Will Move Our Stop Loss To The Break-Even. NOTE - Consistency & Discipline Is A Key Element Of Success.
Short
by Roh_Gupta94