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Euraudbuy

EURAUD, daily tf, buy upside ABC correctionHello my friends, Another trade i took today is EURAUD pairs. As you can see, i've marked the elliott wave movement and in my opinion we're now done with all five waves. Wave-5 usually end at the 127% fibonacci retracement of Wave-4. We can expect an ABC correction to the upside from this point. Notice that price actually broken above the descending trendline but only retested it down below at 1.6070. It looks like there is also horizontal support here as well. In conclusion it is an area of confluences. I already take a buy position from 1.6070 and still holding it. Buy EURAUD 1.6070 Stop loss 1.6000 Take profit 1.6210 (2R) RR Ratio 1 : 2 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
3
EURAUD, 4hr tf, buy elliott wave setup wave-(v)Hello my friends, Here is my setup for EURAUD. I am using elliott waves rule for this trade to get 4.5R trade setup. As you can see price now on a correction after an impulse wave-(iii). Fourth Wave usually are only a quick correction and stopped around 50% fibonacci of Third Wave. After counting the fibonacci retracement, we could try putting a buy limit order at 1.6315 which is the 50% fibonacci retracement of wave-(iii). For protective stop loss, we will use elliott waves rules where Fourth Wave could never touch First Wave. Buy limit EURAUD 1.6315 Stop loss 1.6270 Take profit 1.6450 (3R) RR ratio 1 : 3 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
11
EURAUD - SWING - 23. NOVE. 2020Welcome to our weekly trade setup ( EURAUD )! - 1 HOUR Price moving sideways.. 4 HOUR Expecting another push to previous highs. DAILY Overall sideways moving market after a bearish structure, good long entries! - FOREX SWING BUY EURAUD ENTRY LEVEL @ 1.62040 SL @ 1.61680 TP @ 1.63140 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
7