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Eur-aud

EURAUD Long / Possible reversal to 1.6340 (RR 6.8+)We've gone long for an overnight position on EURAUD. We believe that the 30% fib retracement can hold out, but if it doesnt, our risk is only 20 pips. Remember, that successful trading is making money over time and not having a beautiful 90%+ win ration. The trade parameters meet our entry triggers, which is the support of the fib, RSI being low and some form of support to be show in price action. This trade ticks all of that. Oh yes! And the 10m chart has a beautiful contraction of price action, a bullish wedge.
Long
by PrimedGroup
5
EUR/AUD-Daily overview Hello everyone! -On a daily time frame we can see that the price reached a strong support area, we can see that the price tested and rejected that area so we can see that the bears have lost selling pressure so we may expect that bulls are going to gain some power to push in the upside. -We can see that the Stochastic indicator is showing us an oversold area and that is a solid sign that we can expect some bullish momentum. -If the price gains some bullish momentum, I expect that the price is going to reach the first resistance area and then we can expect a breakout or test and rejection on that area and then continuation in a bearish direction. -Before taking action in Forex, please check the economic calendar and currency strength meter. -WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in the comment section! THANKS FOR READING! -If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support. -Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.
by lCrn49
EUR/AUD-Daily overview Hello everyone! -On a daily chart, we can see that the price formed a very nice bullish engulfing pattern and that is a very good sign that the bull is gaining power. -We can also see that the price is respecting a strong support zone so that is another good sign to take a buy order. -The Stochastic indicator is showing us an oversold zone so we can consider that as an extra confirmation if we decide to go long on this pair. -Before taking action in Forex, please check the economic calendar and currency strength meter. -WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in the comment section! THANKS FOR READING! -If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support. -Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.
by lCrn49
EUR/AUD Long Term View🔸 WEEKLY CHART EXPLANATION: . . 🔸This pair has been very choppy for the last months. . 🔸We can observe that it tried to break the range to the upside but wasn't able to consolidate above. Instead, it left a pinbar and a strong rejection to the downside. . 🔸Our bearish view involves a potential downsive move towards the Ascending Trendline, however, we need to be careful with the Support Zone at 1.60000. . 🔸Will look for a lower timeframe bearish setup.
Short
by ThinkingAntsOk
EURAUD RUNNING +5.47% / +325 PIPS ! DID YOU GET IN?EURAUD BUY POSTED COUPLE WEEKS AGO IS STILL OPEN, ARE YOU IN? DID YOU HOLD OR CLOSE EARLY? 5.47% BASED ON 1% ACCOUNT RISK. OUR STRATEGY EXPLAINED: The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Short
by RossTyler
2
Reversing the trend?We are in the most important week of the year. Through it, we have chosen to consider the possibility of reversing the H1 trend of EURAUD. The price has already broken the downward channel and is currently making the second bottom higher. To talk about reversal, however, we must see a break of the previous peak 1.6679. If this happens, we expect the price to reach 1.6802 and 1.6912 All entries before we have a break of the previous peak are risky and should be limited to 1.6515! To support us, like and comment!
Long
by ForexTrendline
1
EURAUDIt looks like price will go for 71% Fibonacci and ascending trend line which is just there. Pair already tested 61.8% Fibonacci and we still dont see any reversal pattern. We will wait price to reach crossing of Fibonacci and trend line before opening long with great RR ratio. If you like this idea, please LIKE it and leave a comment below. As a reminder, please, for your protection, apply 1-2% risk management policy. Check our other ideas as well. Best of luck and profitable week to all!
Long
by ProfitDesk
3
EUR/AUD Waiting for a Breakout + Pullback 🔸DAILY CHART EXPLANATION: . . 🔸Price has been on a corrective move for the last weeks without clear direction on this timeframe. . 🔸The last week, it bounced at the Resistance Zone. . 🔸We consider that this pair has bullish potential, but first, we are waiting for a breakout of the Resistance Zone and then for a retest before consider a bullish trade. . 🔸 The potential target of the movement if our forecast is valid, is the Resistance Zone at 1.7400.
Long
by ThinkingAntsOk
3
Break and reversal?Trend trading is one of the best and safest strategies you can use. Of course, it is important to know how to draw the trend correctly and when to enter a deal! With EURAUD on the M30 we have a break of the downtrend. The price then forms a higher bottom, testing the already broken trendline. If we now see an increase and transition above 1.6661, it will mean that the trend is reversed and we already have an uptrend. And what should we do in an uptrend - to buy. All buy trades at the moment or before the break of the previous peak are hasty and are likely not to be confirmed. If we see values below 1.6550, then the down movement continues! To support us, like and comment!
Long
by ForexTrendline
2