EUR/AUD strongly correlated with EUR/USD , in the last sessions after a strong bullish impulse, a pullback in area 1.45, almost touch the 50% Fibo Area and the dynamic trendline but finds a Resistance on the 50 Moving average where today the price still struggling to decide the direction to take, in continuation of the main trend ( Bearish ) or have a correction...
On the first of July, EurAud started to drop and the pair fell 1000 pips in only 6 weeks. However, last week's drop under support is in fact a false break and on Friday the pair reversed and we have a strong bullish engulfing on our chart I expect a reversal from this pair and a rise to 1.48 resistance Buy dips as long as 1.4250 is intact can be a good strategy
As mentioned yesterday in our private channel(check the link at the footer) that today will be an active day for traders. I've engaged in this counter-trend trading opportunity, the Bullish Shark Pattern. If this setup fails, there is another level of opportunity, as we know that shark patterns can be tricky. Please do your own analysis and do not follow blindly.
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE Persistently high inflation has seen the ECB tilt more hawkish by hiking rates 50bsp in July. Additional pressure on inflation from gas supply shortages and drought-linked supply constraints has seen ECB members get more uneasy about price pressures, with comments last week suggesting that there is growing...
GBPAUD has retraced back to a major horizontal level. I expect price to fall to the 1.68 level
Hello traders, here we have an inverted head and shoulders pattern on the hourly eur/aud chart. We also have the 1st higher high, so it's time to look for an opportunity for long positions. My preferred scenario is for the price to fall into the harmonic area (with the left shoulder) and if that happens, I'm in. Of course, if you see bleeding in price and the...
This is a hedge position, I'm already involved in long set-up from last week. Monthly: Weekly: Daily: 4H:
AUD-JPY has retested the horizontal Resistance level at 95.315 and the price action is looking bearish So I am somewhat bearish biased And I think we will see a move down towards the target below
Okay As I said before, the trend of this currency pair is downward, but I saw a signal from the chart that if the price reaches the specified entry area, it will be confirmed to enter the short position. Also, compared to the previous analysis, I made the view more detailed and the TP smaller be profitable🤑
Hello,Traders! AUD-NZD is trading in a strong uptrend But the pair is clearly overbought And has just hit a rising resistance So I think that we might see A pullback and a bearish correction Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
OANDA:EURAUD Overall trend is bearish and respecting our descending channel, will wait for the price to reach our trading zone for taking short positions. Share your opinion in the comments and support the idea with like.
OANDA:AUDJPY AUDJPY trend broke out and it's retesting the support zone, a reject on this zone will confirm the continuation of the new uptrend. Share your opinion in the comments and support the idea with like.
OANDA:AUDCAD AUDCAD is within a retest zone, if no breakout then we will see it continuing its uptrend. Share your opinion in the comments and support the idea with like.
Looking at GBPAUD to form a new Higher low and a 3rd touch of trendline along with a retest of 1.72500. before continuing to the downside
Waiting for a 2nd test of 0.9187 to short AUDCAD back down to 4H swing lows at 0.88782 If you agree drop a like and if you have any questions leave a comment:)
First, before the 5-0Pattern is completed, it has to reverse at 1.7063 to show respect for the Bearish Shark Pattern completion. Would I take the trade? You bet I will! I will observe if the market will respect 1.6993; if it pauses and reverses, I know I have my Bullish 5-0 Pattern. The 5-0 Pattern is vital for my longer-term trading plan.
Easy consolidation, market hit 0,5 Fibonacci, rejected, GG Ez MatrixV
The analysis of AJ will be similar to AU I explained more in the AU analysis AJ has also crossed an important LOW and I am waiting for it to reach my range for a SELL position