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Euraudforecast

EURAUD H4 LONG PRICE ACTION FORECAST Price action forming the bullish pattern of clear HH&HL, currently testing the golden fib level signaling the probable end of correction for further uptrend continuation to a new swing high. Price structure allows the placement of a long order with the following setup. The order: Type: buy-stop S/L: 51 pips - R:R | 1:3.5 - T/P: resistance level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
EURAUD BUY POSITION===== MARKET OUTLOOK ===== EUR - BULLISH 1️⃣ Euro remained well supported by the latest optimism over a landmark agreement on the EU's €750 billion pandemic recovery fund – aimed at aiding the region’s worst-hit economies. 2️⃣ German Business Climate came in on the strong side in July. 3️⃣ German Q2 GDP should be better due to spending recoveries. AUD - BEARISH 1️⃣ Australia added a near record 532 cases on Monday, with the president of the Victorian branch of the Australian Medical Association Julian Rait calling stage-four lockdown restrictions. 2️⃣ Dropped in consumer inflation expectations in Q2 will affect Australia's CPI data tomorrow. ===== TECHNICAL ===== 📊 We buy #EURAUD on SMA50 area. 📊 EURAUD in bullish zone. ===== MONEY MANAGEMENT ===== 💵 Please use only 1-2% risk per trade or you can use recommended lot in pinned message.
Long
by MonsunAsia
1
EURAUD still in major ascending channelPurple rectangles = minor s/r area purple line = minor trendline euraud swings 4-5% (700-850 pips) within a month My BUY ZONE entry: 1.6200 TO 1.6275 My TAKE PROFIT AREA: 1.6915 to 1.6990 patience is key. I want to see this happen by july 27th . one month away Distance between the 2 area 640 pips Stop loss should be no bigger than 213 pips or around 1.6000 which is major price why? Reward to risk 640 / 213 = reward 3x your risk for example if you risk 3% to make 12% every time you place a trade. You can essentially lose more trades than you win and still remain profitable trader.
Long
by maliekevans
EURAUD forcast 3/June/2020Hi, EURAUD moved 431 pips to the downside my previous analyses H1 H4 now it is on a trend-line it touched three times, i am expecting two things:- first: the way candles come to the trendline was a big implusive movement that indicates price will keep falling down check this candles second: after it made a three touch that also indicates the price will reverse to the upside (as it formed falling wedge) if selling candles become smaller and smaller that indicates buying preasure to the upside. check this that based on my opinion Thank you
by kabtanfx
1
EURAUD H4 LONG PRICE ACTION FORECASTA diminished bearish momentum with the EUR can be spotted. On the one hand, the double bottom is created at the support level, and the bullish divergence from the MACD gives enough confirmation for a long entry. For this setup, a buy-stop position will do as if the price doesn't pullback; it can keep its bearishness without any damage. But on the contrary, if the correction happens, price action will trigger the long entry with room enough to target as usual an R:R | 1:2 with the T/P at the top of the channel formation that has been formed.
Long
by OGFXTRADER
2