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  • #3,421
  • Edited 3:26am Dec 2, 2018 3:08am | Edited 3:26am
Except the next candle is strongly bullish, EURAUD and EURNZD are set to crash further. It would be a great continuation short trade setup. They have both broken consolidation support, 1.65638 ( EURNZD ), 1.55688 ( EURAUD ) and both retested and strong Bearish Engulfing already formed below it
Make all mistakes in demo and rain in pips in live account
  • #3,422
  • Dec 2, 2018 3:14am Dec 2, 2018 3:14am
Both of the were able to close below Bollinger Lower Band-I repeat except the next candle is strong bullish they're set to crash further- 1.52683 level ( EURAUD ) is so important,200 pips down.

Similarly, 1.61480 remains a great zone on EURAUD if the continuation works out, 300 pips
Make all mistakes in demo and rain in pips in live account
  • #3,423
  • Dec 2, 2018 3:29am Dec 2, 2018 3:29am
Waiting for GBPAUD and GBPNZD
Make all mistakes in demo and rain in pips in live account
  • #3,424
  • Dec 2, 2018 6:06am Dec 2, 2018 6:06am
Quoting 9jatrader
{quote} Bollinger Middle band would, for now , pose a hindrance and barrier to the strong short trade setup. Anyway, I would be taking another short position before market closes- if it closes well as it's going now
i understand market has broken the middle band on weekly chart,now are we to wait until it has broken the lower band of the daily chart before we pick an entry ? or what are the conditions to enter the trade..
  • #3,425
  • Dec 2, 2018 6:08am Dec 2, 2018 6:08am
Quoting 9jatrader
Waiting for GBPAUD and GBPNZD
patiently waiting your analysis on these pair, i hope i can get a clear interpretation of the analysis because i dont know where am getting confused.
  • #3,426
  • Dec 2, 2018 7:25am Dec 2, 2018 7:25am
Quoting dkarev
{quote} i understand market has broken the middle band on weekly chart,now are we to wait until it has broken the lower band of the daily chart before we pick an entry ? or what are the conditions to enter the trade..
It was a mistake on my part. I was meant to type EURCAD and not CADCHF. Don't be confused. It's EURCAD short I mean. Am so sorry
Make all mistakes in demo and rain in pips in live account
  • #3,427
  • Dec 2, 2018 7:27am Dec 2, 2018 7:27am
I would say it clearly that EURCAD returned to where strong Bearish Engulfing was earlier formed- another opportunity for the bears
Make all mistakes in demo and rain in pips in live account
  • #3,428
  • Dec 2, 2018 7:28am Dec 2, 2018 7:28am
Am already out of CADCHF long at break even
Make all mistakes in demo and rain in pips in live account
  • #3,429
  • Dec 3, 2018 12:19am Dec 3, 2018 12:19am
Quoting 9jatrader
Except the next candle is strongly bullish, EURAUD and EURNZD are set to crash further. It would be a great continuation short trade setup. They have both broken consolidation support, 1.65638 ( EURNZD ), 1.55688 ( EURAUD ) and both retested and strong Bearish Engulfing already formed below it
Before I got in market has already opened gap down. It would have been great profits if I got in on Friday

Trump and jinping gave boost to AUD
Make all mistakes in demo and rain in pips in live account
  • #3,430
  • Dec 3, 2018 12:36am Dec 3, 2018 12:36am
Quoting 9jatrader
{quote} There are reasons why Forex remains one of the most challenging careers. We just don't know what the market has for us even after much analyses. Some news just come from no where- news/fundamentals that are not in the calendar. What surprised me yesterday was the strong setup on CADJPY which may invalidate the daily setup am holding. I was searching what could have led to the reverse setup- only on babypips: https://forums.babypips.com/t/babypi...n-recap/165747
The daily breaking Bollinger Middle Band
Make all mistakes in demo and rain in pips in live account
  • #3,431
  • Dec 3, 2018 2:35am Dec 3, 2018 2:35am
Quoting 9jatrader
{quote} I finally joined the EURCAD bears ( am going to sleep ) and closed the long with loss.
Strongly breaking middle band
Make all mistakes in demo and rain in pips in live account
  • #3,432
  • Dec 3, 2018 2:45am Dec 3, 2018 2:45am
Quoting 9jatrader
About CADCHF, when Bullish candle forms outside the bands during downward move it draws in more bulls {image}
The chart and the post showed why CADCHF bulls returned
Make all mistakes in demo and rain in pips in live account
  • #3,433
  • Dec 3, 2018 2:48am Dec 3, 2018 2:48am
As I have said before now when bullish candle forms outside the bands,the bears have no option than to give in- from the chart. Opposite is the case when bearish candle forms outside the bands during uptrend move. In that case the bulls have no option than to give in and allow the bears
Make all mistakes in demo and rain in pips in live account
  • #3,434
  • Dec 3, 2018 2:50am Dec 3, 2018 2:50am
We may not have this kind of setup often. That's the reason why successful trading requires patience.
Trade safe
Make all mistakes in demo and rain in pips in live account
  • #3,435
  • Dec 3, 2018 2:51am Dec 3, 2018 2:51am
See you later. Bye for now
Make all mistakes in demo and rain in pips in live account
  • #3,436
  • Dec 3, 2018 9:20am Dec 3, 2018 9:20am
EURGBP seems ready to break 0.89391- now that a strong Hammer is being formed right above the SMA

Though we still have hours to end of the today's market close having Bullish Body increases the bullish bias if it finally closes as it is now
Make all mistakes in demo and rain in pips in live account
  • #3,437
  • Dec 3, 2018 11:49am Dec 3, 2018 11:49am
Quoting 9jatrader
About CADCHF, when Bullish candle forms outside the bands during downward move it draws in more bulls {image}
If EURAUD closes as it's going, it's going to draw in more bulls. If you trade using Bollinger Bands you would observe that the current candle is being formed completely outside the Bands. Candles cannot continue to be outside the bands. More bullish ahead on EURAUD
Make all mistakes in demo and rain in pips in live account
  • #3,438
  • Dec 3, 2018 4:15pm Dec 3, 2018 4:15pm
Quoting 9jatrader
{quote} If EURAUD closes as it's going, it's going to draw in more bulls. If you trade using Bollinger Bands you would observe that the current candle is being formed completely outside the Bands. Candles cannot continue to be outside the bands. More bullish ahead on EURAUD
Just joined EURAUD and EURGBP bulls and see how it goes

While EURAUD formed bullish setup outside the Bollinger Bands, EURGBP ormed bullish continuation right above the SMA
Make all mistakes in demo and rain in pips in live account
  • #3,439
  • Dec 3, 2018 4:19pm Dec 3, 2018 4:19pm
Good night
Make all mistakes in demo and rain in pips in live account
  • #3,440
  • Dec 3, 2018 10:20pm Dec 3, 2018 10:20pm
Quoting 9jatrader
{quote} The chart and the post showed why CADCHF bulls returned
what will be the take profit for this pair ?
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