Euraudlong
EUR/AUD Trying To Make Inverted Head &Shoulders , Scalping SetupThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURAUD ANALYSISEURAUD on a downtrend and approaching 2 supports, 1.57 and 1.56. 2 Important places where the downtrend could be broken.
-If both supports are broken potential short to 1.5445 for 150 pips.
-If a support does hold we need to wait for the break of the downtrend, when we have confirmation we enter on a long with 1.59/5.595 as the target.
EURAUD LONGAs we saw on Monday 4th October, EURAUD had formed a head and shoulders pattern on the daily Time Frame. The pair broker the neckline and tested the level listed on the charts,
We expecting the pair to retest the level listed on the chart.
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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EURAUD ANALYSISEURAUD is testing big support again. EURAUD is failing to make lower lows since it entered this range in mid July. If EURAUD keeps closing above this support we can see another move testing the resistance at 1.615. If however we can get a candle closing below this support with big volume we can see a move down to 1.58500 or even lower since we would be creating new lows and possibly entering a new range zone.
EUR/AUD Full Analysis, 3 Setups In This Video To Catch 500 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURAUD BULLISH FLAG PATTERN + RSI divergenceHey Traders ! How are you ? Hope you are doing well.
So here is my simple euraud H1 TF analysis. It is in the falling channel which can be also considered as bullish flag pattern. And also the RSI is showing a clear divergence at the moment. So keep an eye on it and it is the major key level to buy it to gain decent pips.
EurAud- Where to buySince the double bottom market with March's low, EurAud is trading in a clear ascending trend.
Now the pair is in a normal correction after the recent 1.64 high and this can offer us a good opportunity to join this trend
1.6 is both psychological and confluence support and is the zone where I'm looking to buy