Eur-aud
Trend is set for EURAUDNice downwards trend for EA, any pullback will be short.Look out on h2 h4 for any signal to short.
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💡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
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💡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 ❤️
EURAUD (4H) LONGEUR/AUD is heading to a fundamental support area.
Support Range: Around 1.5967 - 1.60032
Potential Long Entry
Entry Price: As close to or in support range
Take Profit (TP) target:
TP 1: 1.60990 (immediate)
TP 2: 1.61162 (strong)
TP 3: Price hit trendline (Final)
Cut Loss:
When Support Range fails to hold.
EURAUD looking up 🦐EURAUD after testing the weekly resistance structure at 1.60750 couldn't break below.
The price attempts a break and then starts a new leg up with a break and retest of the structure at 1.61500.
IF the market will break above the resistance area we will set a nice long order according to Plancton's strategy.
–––––
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.