Eur-aud
EURAUD - Long Trade - wait for the 61.8% retraceHello all
DuncanForex here with a trade idea - with no advertising about anything so the post will stay active.
I expect USD to gain strength in the coming weeks - please see this link below to many trade ideas.
Stay safe and safe trading
Duncan
EURAUD trend reversal Yesterday we saw the possibility of reversing the trend at EURCAD.
Today we observe EURAUD.
This week we saw a break, a higher bottom, and yesterday the price managed to make a higher peak.
All this signals the depletion of the downward direction.
This allows us to search for purchases to:
1.6020
and
1.6230
This scenario fails when the previous bottom breaks!
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
buy EURAUDEURAUD been on a downtrend then for the last month its built its support and resistance zone, now looking bullish looking like its about to breakout the zone and go for the uptrend only trying to catch 170 pips max! 70 pips minimum!
EURAUD: Bearish TheoryTwo global economic crises so close together in world history, what are the odds?
In 2008, the USA stock market bottomed out and began it's recovery just as the EURAUD pair hit a top and sold off.
This correlation to the SPX, from a global market view, is interesting because there is such a great shift from negative 80 to positive 80 in a 4 year span after the 2008 recovery.
It will be interesting to learn how this trend plays out in the coming years. The correlation coefficient has been dropping as the prices are starting to diverge negatively again. If it's anything like last time, we could be starting a long-term bearish trend in the pair.
Or, the positive correlation holds strong and leads the pair up during the recovery.
Or, the least likely scenario, the correlation holds but the pair drops like last time and the SPX goes down with it.
Check back in three years.
EURAUD for a lower low? 🦐EURAUD is moving inside a descending channel.
The price after the bounce on the weekly support retraced back until the 0.618 at the retest of the resistance.
IF the market will break below, according to Plancton's strategy, 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.
Standard Fakeout Play In Progress on EURAUDKey details in Signposts.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
EUR AUD SELL (EURO - AUSTRALIAN DOLLAR)Hi there. Price is forming a reversal pattern to change its direction.
Watch strong price action at the current levels for buy.
EURAUD ANALYSISEURAUD completed harmonic pattern AB = CD
RSI shows positive divergence
MACD shows start of bullish momentum
we r waiting price to exceed upper edge of reversal falling wedge pattern to open long trade
It's expected to target resistance level at 1.5860
EURAUDTF: 30 min
Looks like price may begin to move up correctively in the near mid-term after a long sustained downtrend
EUR/AUD EURAUD is approaching a long-term support line. I expect a rebound in the medium term.
Best regards EXCAVO
📉 FOREX : 🚀 EUR / AUD 🚀BUY : 1.5755
TARGET : 1.5775
TARGET : 1.5805
TARGET : 1.5855
Stop Loss : 1.5605
EURAUD Short tradeEURAUD has broken a Support zone after being in a downtrend for multiple days.
Short EURAUD at retest of zone. Trail your stop loss.
TP 1 @ 1.56 TP 2 @ 1.536. Use efficient risk management.
Retest of supply and drop ££ Price on a downtrend on daily, price looks to be retracing to retest minor supply zone (yellow zone) then continue downward
EUR/AUD...Hello dear traders.
this is my full analysis for EUR/AUD with its possible scenarios that we can expect in future.
tell me your ideas and questions below in the comment section😇🔥💪🏻
$1.6023 Target Area EUR/AUD - UPSIDE$1.6023 Target Area EUR/AUD - UPSIDE waiting to break the zone area
Trend is set for EURAUDNice downwards trend for EA, any pullback will be short.Look out on h2 h4 for any signal to short.
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
💡Don't miss the great sell opportunity in EURAUD Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.6016).
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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 20.
Take Profits:
TP1= @ 1.5829
TP2= @ 1.5692
TP3= @ 1.5570
TP4= @ 1.5438
TP5= @ 1.5266
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in EURAUD Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.6016).
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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 20.
Take Profits:
TP1= @ 1.5829
TP2= @ 1.5692
TP3= @ 1.5570
TP4= @ 1.5438
TP5= @ 1.5266
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
