EURAUD – probably better than trading into Yellen driven USD
I like to look at big pictures and when a trade setup stick very nicely to high timeframe levels, I opened eyes big.
This is what I meant, with EURAUD example.
Hopefully a retracement higher could open up a better price.
Updated on 28 Sep 2015 5.53pm
I’ve mentioned previously to wait for a higher retracement price.
Below chart shows a possible resistance zone at around 1.6000-1.6050, and I’m waiting for a 1234 pattern with pt 4 towards that zone. Alternatively below 1.58 will be bearish to open up resistance at ED bottom.
Update on 30 Sep 3.19pm
Filled some sell limit on top as I mentioned in previous update.
Again, I don’t expose all my risk into limit orders, I only expose not more than 30%.
Updated on 1 Oct 2015, 4.01pm
— TerraSeeds FX Tflow® (@terraseeds) October 1, 2015
Some additional support to note, modified ED base on new price high. Support will be around 1.5650-80.
Update on EURAUD 2 Oct 9am
Wins from students, thanks for sharing.
@terraseeds EurAud 1st batch exited early at +100 pips. Thank you Binni. What is your next level you looking at?
— Andy Ng (@andyngsg) October 1, 2015
Money in pocket is my money. That’s always what I believed.
There wasn’t a day close below 1.59 (round number) or even a close below 1.5850 (previous low, marked in chart below). Seems that this invisible level is holding well. I’ve decided since it’s friday, to lock some profit.
@terraseeds thanks binni TP @ 190 pips average
— Clifford Su (@clifford_su) October 2, 2015
@terraseeds Thanks Binni. Got 160pip ^^
— William See (@seecc3) October 2, 2015
I’ve locked in at 1.5910, with some profiting 45 pips, another batch 140 pips, another batch 210 pips (yes, I entered on batches, mix of limits and market order).
I’m still “hoping”that 1.5700 (ED low, support) will come, but will plan for a higher entry.
Won’t be updating into this blog post on EURAUD trade, will only update TerraSeeds students via G+ or facebook.
If you like to know more about Tflow® Method and also our support, join me for this 2 hour forex seminar. Pure education. Sharing of experience.