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CP20 – EUR/AUD:

EUR/AUD:

(CORE) POSITION TRADE
TRADE REFERENCE: CP20
TRADE DIRECTION: LONG
TRADE STARTED: 9th April 2020
EXPECTED TRADING PERIOD: Thru - Q4 2021 / Q1 2022

 

Q1 2022 REVIEW:

CP20-EURAUD-M-Q1R22

 

For the Q1 2022 review, I brought my LIMIT closer to prices, in from 1.9800 to 1.7000. I feel that this level is far more realistic given the current state of affairs vis-a-vis global geopolitics and the market fundamentals.

We are currently in a BEAR move inside a BEAR CHANNEL.

This pair has been very frustrating to trade for sometime now. I am always happy to have one contrarian trade in operation at any one time, but this pair just has NOT performed well in RISK OFF.

I am looking to exit this POSITION on a BULL move back to 1.5800 / 1.5900. The question is when will see this? At the moment I feel that any move higher rests with the fate of the EUR. At the moment, I feel the EUR/USD needs to test 1.0500, maybe even 1.0340 first before we see EUR strength once again.

CHART UPDATE: 01.05.2022 from 5 Minute ZOOM update:

EURAUD-CP20-01052022

 

TRADE UPDATE - 14.08.2022:
CP20-2CP20-EURAUD-14082022

PERFORMANCE TO DATE:
EXISTING LIVE and LIMIT ORDERS:CP20-EURAUD1CP20-EURAUD2CP20-EURAUD3CP20-EURAUD4
CP20-PAGE5

CP20-1

 

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FLASH, MOMENTUM, SWING, RADAR, FUNDAMENTAL, BREXIT, INVESTOR and POSITION (CORE POSITION) trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.

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