Price broke descending trendline and structure with an impulse. Await retracement to finish and retest the broken structure.
Enter on retest.
Stoploss below completed retracement low
TP next structure levels
I have placed some buy positions on this pair with the expectation that the higher timeframe trend will continue from the current weekly demand zone
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here a great setup for a long term buy on this pair now look how price has fallen over the past month or so ? this would be a fantastic trade to catch and hold for the long term what do you guys think and see with this ??
Looking to short EURAUD on the retest of the previously established support at 1.70000. Multiple confluences in play here including the 38.2% fibonacci level a 3rd touch of the descending trendline and when pa reaches there we will also have the 4hr 50 ema and daily ema wrapping around.
EURO is inevitabely going to be perished during this global recession which will become more apparent in our attempts to recover from this pandemic. Liquidity is going to be maximised, so I expect a large impulse to create a position of reversal. On our weekly chart, I expect levels of 1.9 to be tested.
Please provide your criticisms, so we can establish more...
Looks like we're about to break up out of the current downtrend and here is a great price to get in at.
TP and SL are set to the trend resistance but I think it will push higher so maybe keep an open TP and use your own levels for TP. The SL should be safe where it is!
I'm already in the trade but you can wait for confirmation
I've taken quite a few pips out of this pair over the last 2 months and another SELLING opportunity is being flagged by my Disciplindicator Indicator.
The strong support indicated has been tested many times over the last week or so and this is weakening the line. With the incentive of WS1 pivot as a target I believe the BEARS will break through and break this...