Let's see what happen from here on after triangle broker on the downside
What will AUDUSD do from here? The direction it will break will be the short term trend ?
RSI divergence on EURAUD H1 and trendline broken Can be an idea to go short now with TP at 1.655 and SL at 1.685
- EUR is inversely correlated with DAX and I don't think DAX will be so good next week - 0.86 acted as a good resistance, now can be a good support - Risk 50 pips for a 200 pips TP, a very good 4 R:R
Reasons: - Bullish multiday trend - Gold price rising and AUD is highly correlated - Stop Loss below recent lows - Take Profit on recent highs - Good R:R of 2.32
Reasons: - MA200 touched - Bearish candle confirmation - Overbought - Overall bearish trend High R:R up to 1:5 for second target Risk 0.5% of capital per trade
Opening 2 buy orders on Verizon, the first with a 1:1 R:R, the second up to 1:4.5 Risking 0.5% of capital each SL under minimum of 52.40 Reasons: - Doji formation - GAP to close - Touching MA200 on daily chart
Opening 2 sell orders on Nucors, risking 0.5% of capital each, the first with 1:1 R:R, the second 1:2 with optional trail stop if everything goes well Reasons: - Doji formation - GAP to close - Overbought - Near SMA200, put SL over SMA200
Bear trend, daily doji, crossing slow stochastic, bollinger bands overbought, high R:R up to 1:2.5 Risk 1% of capital for a 2.5% return, good luck
Daily doji and slow stochastic cross. Opening 2 orders with 1% risk each. First order with 1:2 Risk:Reward ratio; the second till the main support for a massive 1:7 R:R Good luck
Strong resistance and R:R 1:3 on daily timeframe. Good Luck
I'm long term bearish on EURAUD for 2 reasons: - head and shoulders formation - ascending trendline became resistance Will risk 1% on this trade, good luck
Bet on a retracement to 111 strong support level followed by uptrend continuation till 113.5 resistance Good to go long on dips
Betting on trend inversion based on failed lower high and RSI divergence, risk 0.5% for a 1.5 possible gain R:R 1:3, SL below major support