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EURAUD Sustains Breakdown from the Ascending Wedge Pattern, Sell Opportunity

Discussion in 'Belajar Trading' started by Rehana William, 26 Aug 2020.

  1. Rehana William

    Rehana William New Member

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    [​IMG]

    Trade Information
    Take Profit : 1.628
    Stop Loss : 1.647


    EURAUD had been forming higher highs and higher lows within the Ascending Wedge Pattern since July end. The prices pierced the lower trendline of the pattern in a four hour time frame, and have sustained the breakdown. In addition to this, the dots of Parabolic SAR indicator have moved above the prices that favor bears in the pair. Therefore, keeping the above mentioned technical evidence in view, the traders can grab the sell opportunity with a target profit set at 1.628 level. Simultaneously, the stop loss for this trade is kept at 1.647 level.

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  2. blackking

    blackking Well-Known Member Credit Hunter

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    EURUSD move in the daily range on this week, currently the pair land on 1.18310, its could be the first resistance
    the next scenario trading is put stop loss above high and set target low daily.
     
  3. Joy denil

    Joy denil Member

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    We all know the proverb that no risk no gain. The forex market has also risk. A trader when trading in the market always tries to reduce the risk. It is not easy to minimize the risk. Traders should study hard before trading in the market. A broker also can help to minimize the risk. To give the guideline I take Forex4you as my broker. Their planning, execution, and ease of access pleasing me all time.
     
  4. Susy Jain

    Susy Jain New Member

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    What I think is binary trading is riskier. It is too risky than simple trading. If you have not enough knowledge about the forex market, then don’t go with binary trading. I trade with Tpglobalfx. They are very reliable broker. I always do simple trade with them. My broker is one of the best brokers I have ever seen. Their endless supports always help me to make more investment in the forex market. They are really very supportive and helpful.
     

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