Posts Tagged ‘EURAUD analysis’

This is a long signal

Written by Raul Lopez on . Posted in Trades & Analysis

Yesterday I analyzed the EURAUD, and wrote about why I thought it was a good idea to look for long opportunities…

If you didnt read it, please take a look at it.

I was waiting for a small pullback, which is what we are getting right now. But what I like the most about this pullback is the significant upward pressure.

Here is the long signal:

EURAUD Long Signal

email

750 pips to go

Written by Raul Lopez on . Posted in Trades & Analysis

euraud flagHave you found the clearest currency pairs to trade this week?

I’m curious about the pairs that you are currently following, please let me know in the comment section.

One of the currency pairs that I’m currently following is the EURAUD…

It is definitely one of the pairs that has the clearest support and resistance level and market swings, making it relatively simple to look for trade opportunities.

And what I like the most about the EURUAD is that it still got 750 pips to go before we hit the next LT resistance level.

Does it mean that I’m going to look for 750 pips?

The top 4 trade opportunities for today (and at least for the rest of the week)

Written by Raul Lopez on . Posted in Trades & Analysis

Here are a few of the currency pairs I’m currently monitoring.

On some of them I’m already trading/looking for a trade opportunity, while on others, I need to wait for the market to do “something” before I start looking for a trade opportunity.

But there is something in common on all of them: CLARITY.

Clarity trumps everything in forex.

Clarity in Forex

What do I mean by clarity?

It’s how clear the analysis of a currency pair is. Is it clear that the market will move up? or down? Or I have absolutely no idea of what the market is going to do?

Of course, if there is no clarity, there is no point on trading that particular currency pair, you have no idea of where it is heading right?

Clarity is so important when trading the forex market, that it can help you get good results even when you don’t have a good entry system, patience, etc.

What’s your take on the EURAUD?

Written by Raul Lopez on . Posted in Trades & Analysis

Do you ever trade this pair?

In the last few months I’ve found the EURAUD to be one of the clearest pairs of them all, take a look at the daily chart and you’ll see what I’m talking about.

Anyway, I see the EURAUD in a very clear bullish condition, and actually looking for long opportunities. It already got rejected from the ST support level:

EURAUD

When to start looking for trade opportunities (with example)

Written by Raul Lopez on . Posted in Trades & Analysis

After two weeks of intensive important fundamental announcements (which by the way, put the market in a very favorable condition, so you better get ready to trade ok?), we have a few weeks with not many (important) announcements. Is it good or bad for traders?

I guess it all depends… What’s your take? Leave your comment below.

Anyway…

The question I’m trying to answer with this post is: When to start looking for your trades.

This is what I do…

I look for the currency pairs with the most profit potential.

Let me explain… when the market gets close to an important level, we don’t know whether the market is going to get rejected from there, break though that level or just stall.

So, since you are just trading the currency pairs that have the most profit potential, in order to trade, you need to know what is likely to happen, right?

So what do we do? We wait… Take a look at the next EURAUD chart:

When to start looking for trades

Take a look at this chart… looks good for shorts

Written by Raul Lopez on . Posted in Trades & Analysis

This week is going to be easy regarding fundamental announcements, we don’t have as many as we did last week, which is good, and this way the market is driven by its sentiment (not by fundamentally driven movements).

Now, one of the currency pairs I’ve been monitoring in the last weeks is the EURAUD. If I show you the daily chart you would instantly recognize that it is in a bearish condition.

Now let me know you the short term charts:

One of the things that I look for in a chart

I just longed the EURAUD… What do you think?

Written by Raul Lopez on . Posted in Trades & Analysis

If you are monitoring the EURAUD I’ll appreciate your input… I have it in a very clear bullish market condition on the long term charts.

My next LT resistance level is at 1.3030, and my take profit order is at 1.2994.

This is the signal that triggered my trade:

Entry was on 1.2804 and my SL at 1.2761

Is this pair something you’d consider a good opportunity? Please share your thoughts

Trade Safe!

Raul Lopez
Forex Coaching

StraightForex
Raul Lopez Forex

Trading should be simple

I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Coaching. Read more about me.

If you have any question about anything, please feel free to contact me at: info@straightforex.com or call +1 518 300 3828

StraightForex on Facebook StraightForex on Twitter Call me on Skype Grab my RSS StraightForex on Google+ StraightForex on YouTube