Closed up the EURAUD trades for 261, 59, and 7 pip gains.
New opportunity: Long GBPJPY
Time Frame: 1 day
Entry: 132.02
Profit Exit: 132.75
Loss Exit: 131.80
See Attached
Idea Origination
- Thread starter btowntrader54
- Start date
Closed up the EURAUD trades for 261, 59, and 7 pip gains.
New opportunity: Long GBPJPY
Time Frame: 1 day
Entry: 132.02
Profit Exit: 132.75
Loss Exit: 131.80
See Attached
Do you think the EUR/AUD will not drop further?
I suspect it will but I wanted to sleep easy last night and I'd already taken a couple hundred pips out of it, in addition to a 50pip gain on a 1 hour GBPJPY trade, so I thought it best to close all my positions and take a break. The way EURAUD moves I could have lost my entire gain in 1-2 hours.
GREAT CALL DavidMaria.... I'm still happy I got some easy sleep haha.
Short EURUSD
See Attached
Main Idea
Trendlines showing significant resistance.
Entry: ~1.3275 on avg
Profit Exit: 1.3150-1.3175
Loss Exit: 1.3300
See Attached
Main Idea
Trendlines showing significant resistance.
Entry: ~1.3275 on avg
Profit Exit: 1.3150-1.3175
Loss Exit: 1.3300
EURAUD
Another Short opportunity
2hr chart
Entry: 1.98+ (I'm in from a range of 1.9675-1.9855)
Profit Exit: 1.95
Loss Exit: 1.9950
Triple-top/declining head & shoulders - see chart.
Another Short opportunity
2hr chart
Entry: 1.98+ (I'm in from a range of 1.9675-1.9855)
Profit Exit: 1.95
Loss Exit: 1.9950
Triple-top/declining head & shoulders - see chart.
Further EURAUD chart
The weekend's EURAUD chart - these are the ones I pay special attention to. This week has closed out and we're now seeing a clear picture of what's what.
I'm using 25x5 and 7x5 DMAs. The white line is 25x5. EURAUD is retesting this and if it holds on a daily I'm going to continue/add to my short position. If it breaks and closes above on more than a fakeout I'll close out.
The gap down has been successfully filled. Let's see if it breaks.
We should know if we're good if the 4hr price closes below its own 25x5.
EURUSD
Short
See attached
Short
See attached
Strong bullish momo on GBPUSD and USDJPY - I favor USDJPY for the open.