I can see a continuation here. EUR is in real trouble.
not a pair i trade a lot looking to add a few more to my options would you say this pair moves more in London then Asian sessions? just dont want to be caught out when i am asleep. EUR failing with strength at the moment could be as covid cases are on the rise.
Good morning all, good beginning to the week for our EURAUD trade. Price has respected the trend line and we continue on our bearish move. We have uniform movement with lower high’s and lower low’s. Hopefully now we might get a lower low and possibly reach TP zone below at the demand area. We have peaked at 245 pips but currently sit at 160. You could move your SL to just above the lower high to secure some profit along the way. Keep holding for now until the next update. GLIYF
2 Likes
Looks to be going in the right direction still. Easy trade 
I don’t usually trade this pair either, you seem to be having some luck with it though. Looking forward to see your next update on it, some nice profits to be made by the looks of it.
Waiting to see if it taps on your Demand Zone for a nice pushup to that previous high marked out as Supply
Good morning all, finishing the week reporting a SL hit on EURAUD . After the lower high was created last post I ended up moving my SL to 1:1 R:R as instructed last time. This again shows why we do this along the way as EUR gained a great amount of strength and as we can see pushed right to the upside. Price has touched the supply zone above and seems to be stalling. We could possibly sell from here but I think I will wait to see the breakout direction before I enter again on this pair. Hopefully you secured some profits too and we can wait for the next position. Will update again when its significant GLIYF
There you go, just shows how Forex can bite you on the bum. Thought that was a very easy trade to take…
Good morning all, new trading week begins. Have a possible trade for EURAUD today. As we can see from cornering the market last week we have got a breakout in price to the upside. It’s a pity we didn’t hold the original buy from the demand zone right at the bottom, which is what i usually do. but I thought the bearish momentum would continue. Never the less we have a possible buy setup here, i would like to see price fall back a little and test the breakout giving us an entry to go long. Watch for support to form over the next couple of days, if we get a nice doji or 50% candle we can look to enter. Should be easy to take. GLIYF
1 Like
This pullback area looks like it will also have confluence with the 200 and 50 EMA golden cross on the daily.
Another easy trade, hope this one goes to plan 
Invalidated. 
Good morning all, couple of idea’s today for EURAUD . Last time out i was looking for a buy at the demand zone , but price dropped right through breaking the zone. For the next position I think I will wait for the break out of this wedge formation. Let price show us the next direction as it has been choppy this pair of late. With Christmas coming up I like to take a week off to relax so will most likely place a longer term smaller position to let run through the Xmas period. Therefore it is a good idea to get the direction of the move first. Mark up your charts and wait for price to show us the way first. GLIYF
The pair seems to be bullish upon finding its support. The last swing low is the level where the price may make a bearish reversal. Meanwhile, the bull may dominate in the pair.
Any update here?
Looks to me like this triangle has broken to the top side. Still a way to go to TP though
Good morning all. Hope everyone had a good trading week last week. I struggled again last week I am not ashamed to say I hit 2x SL’s, but have one trade still running in profit. It was a crazy week which saw big moves with GBP and EUR news, also the NFP Friday caused some movements for the USD also.
Onto EURAUD trader setup, initially I was looking for some upwards movement to confirm that trend but with the news we broke above that. Friday also saw continuation, but we now find price has rejected inside this supply zone . So come Monday I will most likely take a sell here for a repeat of what has happened to the left of the chart. First target I will be aiming for that imbalanced candle. Then depending of price movement we could hold longer for a possible visit to the demand zone below. Easy setup to take so get ready for market open next week. GLIYF
1 Like
The resistance that you have marked there seems to be a strong one. A bearish reversal pattern at that zone may attract the sellers to go short. I would wait for a Double Top to be produced here though. Thanks for sharing the chart.
I hear ya, last week was unbelievably volatile
Good morning, just updating on the EURAUD setup I gave out on Saturday. As advised I sold on candle open, then we had very minimal drawdown before we saw price drop back from the supply zone . We have peaked at 170 pips in profit and from the SL zone almost giving us 1:3 R:R already. So as always advised move your SL to slightly in profits to secure the trade and lets watch and see how it plays out over the next few days. Easy trade this one hope you caught it also. GLIYF
