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EURAUD Wedge and Support Breakout and Short Opportunity Target Reached 50 pips

EURAUD Wedge and Support Breakout and Short Opportunity

Published: 08-03-2018

Pair / Instrument: EURAUD

Time Frame: H1

The trend in the Timeframe: NEUTRAL

The trend in the Daily Chart: BULLISH

Description: 1.57200 support has been broken. Bearish wedge completed. A small reverse and retest of the wedge and bearish continuation are predicted.

Trade Based On: Wedge Breakout 

Accuracy: %96

Trade: SHORT

Entry: 1.57100 – 1.57000

Stop Loss: Above 1.57300

Take Profit 1: 1.56700

Take Profit 2: 1.56300

Target Reached

You can follow the idea: EURAUD  TRADE IDEA

 

Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

 

EURAUD :   Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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