EURAUD watching for the breakout. 做多

Euro Fx/Australian DollarFXCM

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⋅ Feb 23, 2017 4:06 AM

Hi Guys, the EURAUD is in a downtrend which seems to be coming to an end. In this trend one more impulse down is possible.

Trade with care
Thank you for your support.

⋅ Mar 1, 2017 7:10 AM

⋅ Mar 3, 2017 5:53 AM

Hi Guys if you are still in this buy move your stops , if you are not in wait for a correction before you buy.

Elliott Wave

abdullatrader

⋅ Feb 23, 2017 4:14 AM

Thanks @anilmangal !
I personally don't think it would go down any further, why? On the weekly chart its trading in a very strong demand zone!

Lets see what happens this week.. Thanks for sharing again :)

Yuyu327

⋅ Feb 23, 2017 4:21 AM

@AAlFadhala, how tell it trading in demand zoon?

abdullatrader

⋅ Feb 23, 2017 4:38 AM

@Yuyu327, I always refer to daily/weekly charts before I take any trade. This gives me the bigger image of a pair/stock etc.
Check the weekly chart.

Yuyu327

⋅ Feb 23, 2017 4:40 AM

@AAlFadhala, ok , thank you

sanfxscalper

⋅ Feb 23, 2017 11:22 AM

@AAlFadhala, I agree, On 4 Hour Chart, MACD has already given a Bullish Divergence and price moved up about 135 pips from the low of 1.36247. Now its retraced 38.2% of this upmove. It might touch 61.8% fib retrace at 1.36768. With a decent SL, one can long this pair.

ForexLoveme

⋅ Mar 3, 2017 6:34 AM

Thank you Anil , Excellent .

jojofang0901

⋅ Mar 2, 2017 10:18 PM

Beautiful trade setup, thank you for sharing your view. I have similar idea as well on this pair.

AdnanKhan

⋅ Feb 23, 2017 4:00 PM

thanks

ernstschwarz

⋅ Feb 23, 2017 12:30 PM

is this a good idea? where are my mistakes?

Cazzie

⋅ Feb 23, 2017 9:20 AM

I have a short term bull move on the 60 to target 1.40260
and I'm already in. After this move mkt will fall. This is purely my view:)

EURAUD watching for the breakout. 做多

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