EURAUD reach the weekly resistant to sell yesterday on Monday and mow it reach again today . If rejected again Bear is looking for WM3 to WM1 move.

EURAUD H4 ( 28 Feb , 2017 )

EURAUD is rejected again near WM3 Bear looking for opportunity to sell for WM3 to WM1 move 1.38 to 1.36 move

EURAUD H1 ( 28 Feb , 2017 )

EURAUD rejected 3 times in this area a potential sell for BEAR

EURAUD 15M ( 28 Feb , 2017 )

Entry time frame Bear is long to Sell about 1.38 SL 1.39 TP 1.36

6 thoughts on “EURAUD Trade Plan ( 28 Feb , 2017 )”

  1. James Mauro says:

    Hey Dan, you may want to try a trade similar on gbp/nzd as well. With the eur/gbp rally and the aud/nzd decline recently that setup might yield better rewards by pairing up strong & weak instead the weaker aud pulling down the stronger eur. I’m short from 1.7400 on G/N and long E/G from 0.8435. Note, the aud/nzd might be in a retracement or a longer term range but gbp has headwinds for sure coming fundamentally. Just a couple thoughts, best pips to you.

  2. Daniel Chan - Forex.Today says:

    Thanks James for the head up . I Short GBPNZD since 1 Dec 2016 entry on monthly pivot MM3 @1.766 now Swap about 43pips + 280 pips . TP is 1500 pips and positive swap ( interest daily ) 🙂

    1. James Mauro says:

      Well done! That AUD GDP release helped this trade too, good for you Dan…

      1. Daniel Chan - Forex.Today says:

        thanks James 🙂

    2. Maryna says:

      Hey Daniel, I remember that GBPNZD trade of your in DEC. You are a great swing trader, but I only day-trade, so took regular trades.

      1. Daniel Chan - Forex.Today says:

        thanks Maryna 🙂

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.