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EURAUD Analysis - peteregwufx

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EURAUD Analysis On EURAUD, I am going long. This could be a risky trade but everything about forex is risky too. So, nothing to be afraid of. I see a double top on daily that is broken (break of structure) and I am also seeing another double buttom that is forming; I am believing that it is a sign that euraud is preparing to push higher for like 150pips to the upside. So, I takimg a stand on a buy to the 1.64801 level. If you check careful, you we would also see a gap between 1.64098 and  1.63885, this is also a confirmation and a reason a favour a long idea. 

My biase on CADJPY

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CADJPY On CADJPY, I am going long and my target is 114.732 (1st tp) and 116.568 (2nd tp). There is a breakout from the daily double top and what comes next was a retracement down to the 113.442 level which later formed a double buttom. The moment I saw this set up, It was one of the best set up that I love trading in forex with a legit 80% win rate, I took it without wasting time. Although, I was a bit late in going long because i didn't see it earlier. But the bullish candle gave me the go ahead, then I jumped in. Let's see how it goes in the coming days and week whether it would hit my stop loss or my take profit, time would tell. 

EURAUD Analysis by Peteregwufx

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EURAUD Analysis (peteregwufx)  On EURAUD, from the monthly timeframe I could a double top formed. I know some might not see this but I take as a double top. However for months I have been looking forward to see the support level at 1.63278 to be broken and it was months back but the pair didn't start to drop immediately but it has to keep raging up and down to the extent the pair went on long for sometime before it started dropping. Now, it has come back to that support level again at 1.63278. So, i have to go to the daily using my ema indicator and trendline that is broken which indicate a break out to the downside, from there, I got an entry to go short. I am looking to catch about 370pips on this pair as my first taken profit. My second taken profit would 1.55737 In total I anticipate about 700pips+ move to the downside. The final level where I look to see this pair touch is 1.55737. Can this play out? We would see in the weeks and months ahead. 

EURCHF analysis by peteregwufx

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EURCHF analysis (peteregwufx)  EURCHF has been a a trade I have been looking out for some weeks to go short. And this week I'm got an entry on it and my target would be about 300pips+. This could even go beyond 300pips+ but I just prefer to take profit at 0.95975 which about 300pips+. But is it possible to beyond 300pips? From the higher time frame, monthly to be precise, we could fall deeper to 0.92421. You can already see my chart analysis on EURCHF. Pls tell me what you see if you have any opposite view on my analysis.  My trade on EURCHF is already in profit. I am still looking for further move to the downside in the coming weeks. 👇