EURAUD Journal

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
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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
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I am looking for the buy from around 1.59 the TP for your fist trade you have marked out. looks to be a daily gap that the retracement is heading for will look to see if we get a reaction from there but would be good to see a nice strong push up again to show the trend continuing
 
Good afternoon all, Little update today on our EURAUD sell position. After the last update on this pair price has continued to move in our direction. The daily imbalance has been filled and our TP1 has been achieved. Peaked at 340 pips for a return of 1:6 R:R. IF you had a hard TP set then enjoy the profits, I personally just closed half of my position and I am letting the rest run to try and achieve TP2. We need price to make a lower high here over the next few days for continuation to the south. So keep holding for now if you're waiting for a possible TP2. Will update again next week GLIYF
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Good morning all, today's update is EURAUD . price has continued to move in our desired direction. We are trading below the moving average, and also below the weekly trend line . We have peaked at 420 pips and currently sit at 395 pips which is almost 1:9 R:R. We are still looking bearish on this move, mostly due to AUD strength against the EUR. We may see the EUR gain strength soon so if you wish to take profits now then I would advise to do so. If you want to hold for TP2 make sure to lock in a heavy number of pips. Will update again next week. GLIYF
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Good Morning all happy to report today TP2 has been hit on EURAUD . We are 10 pips from the actual zone but sometimes its best to call it slightly before the TP zone. We have seen big bearish action from this pair recently which has helped us achieve 530 pips for a return of over 1:10. Now is the time to take full profits and wait for the next setup. Which could be from this demand zone we find price currently at, OR the bigger demand zone below. For now I will wait to hope fully see the big demand below, plenty of profit for us to take time out to wait for the next setup on this pair. If you're eager to trade then watch if support forms on this demand zone for a small buy. Enjoy the pips all GLIYF
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