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Euraudlong

Buy setup with EURAUDH4 time frame. Structure: Uptrend. After a deep downward move, the price formed a consolidation area. The price after a strong increase broke through the consolidation zone at 1.60900, there was a retest and there was a signal to increase again from this zone. Here, waiting for the price to form a continuation candlestick pattern, you can buy with the profit target at the price of zone ​​1.62500 and 1.64500. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Long
by tradafx
1
EURAUD Ready To Go Higher?EURO - Weak Bullish 1️⃣ Major economic data in Eurozone printed higher than previously. 2️⃣ Eurozone industrial production rebound in July. AUD - Strong Bearish 1️⃣ Risk-off sentiment in the market led to sales in high-beta currencies such as the AUD. 2️⃣ The RBA voiced concern over economic growth in the 3rd quarter as a result of the COVID-19 outbreak in Australia. 3️⃣ Governor Lowe says that that the RBA will not raise its interest rates at least until 2024. 4️⃣ The AUD was also weighed down by weak economic data from China on Wednesday. ===== Technical ===== We are looking to buy EURAUD if the market sentiment is unchanged. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction. Don't forget to like, comment, and subscribe for more ideas.
Long
by MonsunAsia
EURAUD LONGAs we can see, EURAUD has retested the Lower trendline of an ascending channel on the H4,also the pair has formed a bullish flag, We expecting the pair to re-test the level listed on the chart, wait for a reversal confirmation before entry. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS 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. Please like and share for more useful content:
Long
by Pro-Trading-Africa