EURAUD : Short Pressure
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Hello Traders.
First of all , if you think this analysis is useful to you,
press the LIKE button after read )
Let's start :
1W Chart :
Terminal Status :
Both price decrease and position resolution were observed more in Australian Dollar.
This shows that the Australian Dollar may be more advantageous against Euro.
Apart from this, trend line breakdown and head and shoulders chart pattern are among the factors that support short but we are in a very volatile time as understood from the bar lengths.
Those who wish can stretch their Stop-Loss.
Low leverage is recommended.
Volatile movements are quite high, so we will enter with small positions.
Suggested Parameters :
NOTE : You can take a look on Related Ideas to understand the analysis main structure on wide perspective. (DXY 107 Week Status on Terminals)
TP1 : 1.60257 (Fibonacci 0.618 Point)
TP2 : 1.59545 (Goal)
Regards.
First of all , if you think this analysis is useful to you,
press the LIKE button after read )
Let's start :
1W Chart :
Terminal Status :
Both price decrease and position resolution were observed more in Australian Dollar.
This shows that the Australian Dollar may be more advantageous against Euro.
Apart from this, trend line breakdown and head and shoulders chart pattern are among the factors that support short but we are in a very volatile time as understood from the bar lengths.
Those who wish can stretch their Stop-Loss.
Low leverage is recommended.
Volatile movements are quite high, so we will enter with small positions.
Suggested Parameters :
- Position Size : %0.5
- Risk/Reward Ratio : 1/2.02
- Stop-Loss : 1.62281
- Goal : 1.59545
NOTE : You can take a look on Related Ideas to understand the analysis main structure on wide perspective. (DXY 107 Week Status on Terminals)
TP1 : 1.60257 (Fibonacci 0.618 Point)
TP2 : 1.59545 (Goal)
Regards.
Nota
If the trend line is retried, we will try again with twice the amount of position in retractions.So I suggested small positions due to high volatility.
Trade chiuso: stop raggiunto
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