EURAUD breaking the resistance 🦐EURAUD after the recent lows started an impulse and reached the weekly resistance at the 1.50 level.
The market after a minor retracement is now attempting the break and according to Plancton's strategy if the price will close above we can set a nice long order.
––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Eur-aud
EUR/AUD : NEW BEARISH BUTTERFLY FORMATION , SELLING SETUP 🔔🔔Welcome back Traders, Investors, and Community!
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Strategy : BEARISH BUTTERFLY FORMATION
Good trading at everyone!
💡Don't miss the great buy opportunity in EURAUDTrading suggestion:
There is a possibility of temporary retracement to the suggested support line (1.5510).
. If so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURAUD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.44.
Take Profits:
TP1= @ 1.5690
TP2= @ 1.5800
TP3= @ 1.5950
TP4= @ 1.6000
TP5= @ 1.6140
SL= Break below S2
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EUR/AUD on a Critical Zone - Long Term ViewGood morning traders, today we bring you our long-term vision of EUR/AUD, which is at a critical level that will determine the behavior of the next few months.
🔸About a year ago the price started a pronounced bearish movement, breaking all the support zones in its path.
🔸Now, in the confluence zone between the support zone and the Ascending Trendline, it found some demand.
🔸Due to this, it has been consolidating for the last weeks.
🔸Based on the long-term scenario, the main trend is still bullish.
🔸However, we cannot confirm that the next move will be an impulse in that direction, so we are waiting for a clear reaction.
🔸In case of a bounce to the upside, the target zone is the Resistance Zone at 1.6800.
🔸And, in case there is not enough demand and the price breaks the Ascending Trend, the bearish target is the Support Zone at 1.3700.
EURAUD approaching 1st support, potential for a bounce!Price is approaching our 1st support, in line with our 78.6% Fibonacci retracement, 50% Fibonacci extension, horizontal swing low support and ascending trendline support. We could potentially see a bounce and further upside towards our 1st resistance, in line with our 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing high resistance. Stochastics is also approaching the lower 7.11 support level where it has reacted from before, in line with our analysis.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD Potential ReversalPrice Action has been struggling to break an important level of Support, PA struggling to break lower lows means that price can Potentially Reverse. An aggressive approach to this market would be entering after an exhaustion after an Engulfing Candle, dropping timeframes will give a more defined entry. 3:1 Risk-Reward is Required.
BREAKOUT ON EURAUDHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price broke from its DESCENDING CHANNEL and also did a RETEST.
Let us know your views on this in the comment section. Thank you all.
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EURAUD looking for an inversion 🦐EURAUD after our previous analysis reached the weekly support.
The market is still moving inside a descending channel and according to Plancton's strategy if the price will break above we can set a nice long order.
––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.