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Eur-aud

EURAUD ABOUT TO POP!!EURAUD is going to fall nicely soon and it should give us over a 10 percent return for one trade. We've had another great week here at forexinsightsuk and we still have one more trading day left. We have taken full advantage of our watch list this week and have seen mega returns. We are staying humble and will constantly keep the grind going with the markets. What a day! We entered this pair earlier and will be sitting on it for the next few hours while we monitor the pair carefully to see when we can bank profits. Good luck to anyone that has taken this trade.
Short
by Forexinsightsuk
EURAUD: The price is Confirming the DOUBLE BOTTOM PatternHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/AUD ⚪ Technical Analysis : Since the 2nd of February, the price has been following a strong downtrend, breaking through two S/R zones at about 1.57700 and 1.57000. Few days ago, on the 8th of February, the price reached the main support at about 1.56000, re-testing the same zone twice, creating a possible double bottom pattern. It is currently moving up trying to reach its next S/R zone at about 1.57000 and a clear pinbar on the main support could be a interesting sign of strong rejection. 🔴 Conclusion : I'm confident to see a bullish movement, considering its previous strong downtrend, I think it's time to get a correction and my target would be the S/R zone at about 1.57900, matching with the 0.61% of Fibonacci retracement. I'll be waiting the breakout of the level 1.57000, confirming the validity of the pattern and only after this condition I'll plan my long position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
12
EUR/AUD Analysis - Will possibly break daily/weekly supportWelcome back! Please support this idea with a LIKE if you find it useful. *** EUR/AUD - Price is currently re-testing the previous week's support. We'd like to see a push lower and will be waiting for a break of support before considering any shorting opportunities. If you trade B-Swing, we recommend setting an alert as this will be a good risk to reward opportunity if it heads for 5400 zone. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian Kenya Horton, BK Forex Academy
by BKTradingAcademy
EURAUD ona bearish outlook 🦐EURAUD after the double bottom over the weekly support is now turning again into a bearish outlook. According to Plancton's strategy, if the price will break below, we can set a nice short 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.
Short
by InkyGrip
4
EURAUD: A new BULLISH Impulse? Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/AUD ⚪ Technical Analysis : Since the end of December 2020, the price has been moving with a strong bearish impulse, reaching and bouncing few times on the main support level at about 1.56000. The price created an interesting possible double bottom pattern on the level, starting a new ascending channel on the 27th of January 2021. It is currently re-testing a S/R zone at about 1.58300, moving very close to its dynamic support line and the next price action around that zone will be essential to understand the next market movement. If you wish to have a quick look on my previous EURAUD analysis, you could click the link below 👇 🔴 Conclusion : The price was following a clear downtrend and a double bottom pattern in this specific circumstance could be an interesting sign of market reversal. I can see the market moving with a nice uptrend and I'm confident to see it bouncing on the current S/R level before moving up with a new bullish impulse. I'll definitely keep this market in my watchlist and I'll be waiting a proper rejection before entering long in this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
8