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Euraudsetup

EURAUD ELLIOT WAVE ANALYSIS - WHAT NEXT?With a bullish reversal already in place in EURAUD, it is now possible to identify the bottom at 1.56836 as the invalidation level for the bullish outlook. This means that as long as EURAUD is trading above 1.56856, the big picture bullish outlook remains valid. Trade Setup Considering that EURAUD seems to be completed a five-wave impulse in wave 1, a three-wave pullback in wave 2 is expected to offer a good risk/reward buying opportunity. Wave 2 has the potential to retrace more than 50% of wave 1 but must not trade below the invalidation level for the setup to remain valid. . Once the pullback is completed, a five-wave impulse is expected in wave 3, which has the potential to move beyond the high of wave 1 and reach one of the Fibonacci targets for wave 3 "1.618 FE," as projected on the chart. Thanks for reading! Veejahbee.
Long
by Veejahbee
EURAUD UPDATE!!!!Patience pays, remember every level will eventually be broken. got some positions in (0.01 lots) there are 2 scenarios here. 1.My stops will be hit. 2.My tp will be hit. either way i have accepted a loss before ive accepted a win. Abit of advice from a noobie, before you take a position dont have expectations. so dont go into a trade with winning in mind. personally i accept a loss the moment i place a trade. this way you will deal better with losses rather than taking a trade and expecting a win. when expectations are not met especially in trading, it will make you feel horrible.
Long
by alitrading_
EUR/AUD - 350 Pips+ Short Opportunity - ReversalEUR/AUD has been in a consolidation area for about a week and seems to have taken the impact from the last uptrend. As we can tell from our indicators, this pair does not seem to have the steam left to go further high. Thus, we can open a short position for the reversal of this pair back to 1.54. Our Stop Loss needs to be higher than the last highs. Recommended at 1.59. If the pair fails to break down and begins to show some sign of strenght, which I don't expect to, then open a long position. Until now, from the looks of it, this pair seems very week and the resistence has acted well. The impact has been taken, and a reversal is imminent. Happy trading!
Short
by MoolahMaker
2
Easy setup for a beginner signaljust for fun and easy setup,for beginner if they want to enter by themself in this trade as you see is in perfect range so what you ave to do is to wait a price fo out for this range (rectangle) and to wait a bit a confirmation and then enter short or long and manage your ratio or doing you first scalp alone. Quiet market so i see that perfect range i wann post if for all beginner and also for all other as me is a nice range to trade when we will get a signal in intraday or scalping
by corsicasia