Another educational lesson today from EURAUD . This is the reason why we lock in profits on our positions. EUR got pumped alot recently as we saw across the board on most pairs. If you was in the sell with me price came back and shot right through our entry, but hopefully you all got out with profits as advised along the way. When i look at EURAUD i think of the average general price it trades at, 1.7 area where we are to me is a high price, only ever once before it was higher but these prices are market reactions and they soon fall back to average price areas. That’s why i will only look for selling positions around these prices. It only takes one line drawn correctly where you can see it turned instantly, the resistance line i had drawn out previously price rejected from straight away, even if you sold from there you would be 220 pips up already. People trade different ways and this s the way i trade, the main thing is it catches pips and that’s all we need to do. Draw out your zones and react to price action in those areas. i still think price will come down to the circled out area, i might join the ride on a price pullback. watch out for it ill update when i do. GLIYF
Looking at EURAUD today. Ive always said on this pair its higher than average price for this pair and i would always look for selling opportunities. The last time on this pair we was selling from the first sell point marked out. We made 200+ pips but then had a reversal candle formation happen so was advised to get out with profits. Even if you didnt it was risk free trade and a lesson why we lock in profits ad price turned right against us. But as you can see from the previous marked out horizontal zone price literally reversed right on point. If you caught that move you would easily returned over 500 pips in a short amount of time. Ive marked the zone above where i would like to sell, also if it breaks below and retests then there is a big space to a weekly trend below to sell to. All in all look for nice pullbacks to supply zones and watch for resistance to form GLIYF
Last time i looked at EURAUD i gave out acouple of sell zones i was interested in. It was literally pinpoint bar a few pips, just check the entry on that position. Currently 179 pips in profit, but yet again we are sat at the strong support zone . So again i advise to lock in profits, dont give back to the markets and keep holding for now, if you see that reversal pattern forming then pull out as many pips as you have. GLIYF
Happy monday all. New week begins and were on EURAUD today. Last week i gave insight on how i find my setups from levels to enter or to stack. Now last time oin this pair we were sat on the support zone below. i advised if support was formed then to take profit which at the time was 180 pips is. Then what did we get a big candle right back up to entry zone, that support zone is a strong price to break up or down. But look whats happened from the same level, sold off yet again and now currently 170 pips in profit. They should be easy pips to catch if you trade intra daily. Ill say the same again on this support zone if it doesnt brake then take profits. But when it does break then we could see some real nice amount of pips. GLIYF
Todays pair is back on EURAUD . you all by now know that i like to squeeze and corner the market to give us direction. Well EA is almost about to do that for us. Currently we are 173 pips up on our sell. Again we are sitting at that strong support zone . But i have a feeling it might break this time, heres to hoping. Because if it does theres plenty of room to drop into. Firstly being our TP, then hopefully retest of the break for another sell. GLIYF
I can see it hitting the trend line and then lining up for another sell
Last time we looked at EURAUD we sold from that small supply zone at 1.634. We got to 170 pips or so in profit and expected a drop through the wedge . Well the vaccine didnt give us what we wanted. As i always say if you see reversal signs happening take your profits and look to re enter. Price came back up to our entry zone so if you took profits you could of entered again and earnt twice on the same setup. Currently over 200 pips in profit. So my advice is to take profits at this support zone we are at. Then we can wait for a drop through for the next sell idea i have on this pair. GLIYF
Good morning, new week begins. Hope all had a good xmas , the market is still rolling along but at a slower pace. EURAUD although is moving in my desired direction. we have broken below that strong support zone and closed below which is what i was looking for. Bear in mind liquidity isnt back up yet but i have entered a position here in anticipation for the lower drop. If you follow always remember risk management use 1-2% only. Nice R:R on offer here. GLIYF
I started my trading career with EUR/USD as my mentor had told me that it is the most stable currency pair to trade. After gaining some experience, I moved to other pairs also and have been doing quite good in the market.
Checking back in on EURAUD today and as expected price is moving in a bearish direction. The full projected TP zone of the first trade has been smashed so congrats if you held onto that one. I also entered another position as stated in the last post, which is currently 300+ pips in profit. The ideal entry for you all would of been the doji just after the test of the broker trend line . Now price has broke these support zones i expect it to continue making lower lows and lower highs. Stack trades on the lower highs up to the trend if you can, you should be able to get tight stop losses on those positions. GLIYF
Nice work looks sharp and breaking key level
Checking back in on EURAUD today. Glad to report that were currently 390 pips in profit on our position. Ive got two horizontal support zones where price could possibly stall. For which we are currently at the first of these zones. Could possibly expect price to find a little support here. But i would look for price action to form the lower low then form a lower high at the trend then move down again. Depending on what you want to do you could take profit here as 390 pips is something you don’t want to give back to the market. you can always re enter again on the lower high formed and ride it down on another entry. GLIYF
Todays chart is more of a check up on our sell trade with EURAUD . Currently over 420 pips in profit on this setup so far. Moving in the right direction, i do expect a pullback one day in the near future to create a lower high. hopefully it stays under trend and then pushes further down. Not a bad haul of pips so far so as always secure the bag. Can always re enter on pullbacks. GLIYF
That’s a real nice catch! 420 pips! My favourite number too 
Well its been a week since i’ve looked back in on our EURAUD trade. We are currently 433 pips up on this position. Since the last post we have had price come back and make a nice Lower High. But you can see where price also reversed right on the horizontal line zone of support. So its vital that we break through this to reach TP projection. i would secure 350+ pips profit at least with your SL just incase support is strong and we get bullish movement. GLIYF
Its been a couple of weeks since ive updated on EURAUD . Price is doing as expected, we bounced off the support and created a lower high. I also love how people say trend lines don’t work…
Price reacted on the downtrend and the 53 ema above lovely. We are currently 400 pips in profit so if you kept holding we’re about to make another push to the support zone . If you took profits or moved SL into the profits as suggested there was another easy sell from that trendline too. The TP is a big one on this trade but very rewarding. GLIYF
Today’s update is on EURAUD . SInce the lower high was made we have seen great bearish action. I have changed the TP zone to the support level just below price. As it is a strong zone which has been tested twice, its wise to take our profits there. Currently 480 pips in profit on this setup so not much more movement to reach TP zone for 520 pips in total. We will watch what happens when we get there which will decide our next setup on this pair. Will update again in a few days after seeing some more price action. GLIYF
Last week finished well. We got the push down on EURAUD , I am going to call TP hit here, we are 500 pips in profit so lets bank them all and close this position now and look for the next one. There’s two possible trade idea’s im looking at. First one is the bounce from this support zone again if it holds, this is a little more risky as price action is bearish , But its possible we could reverse here as its a strong zone. My ideal setup would be to drop through and then sell the re-test, if we get one. You could always set a sell stop just below the zone to catch it if it falls. Either way look at price action on market open then you can look to enter on monday. Have a good weekend all. GLIYF
You are doing a great job. I would like to get in touch with you personally to get some tips from you. I have been a trader for the last 1.5 years but I have not yet become consistently profitable. I am not sure if it is me only or there are other traders also who take time to become profitable.
Good afternoon, checking back up on EURAUD today. Last post I gave out two trade idea’s for us to take. One was from the demand zone where price reversed previously, The other is what we are currently in. Price dropped through the demand area and then we got a lovely re-test. Currently sitting in 160 pips in profit. There is a big demand area below where the TP zone is. So a good place to take profit or hold to see what happens at that zone. If it breaks through that and the trend then we could see further downwards price action. Update to come next week, have a good weekend all. GLIYF
