Eur-aud
EURAUD Double Bottom 🦐The market after a long downtrend found a bottom on the weekly support structure.
After creating a double bottom on it price has now moved up, cutting the EMA 21 and testing the daily structure in blue.
If the market will manage to break and close above it we can look for a nice long order with a first tp around 1.67400 area.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
EURAUD Price is testing our MOB (inflection zone) right now! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
EURAUD - SWING - 05. AUGU. 2020Welcome to our weekly trade setup ( EURAUD )!
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1 HOUR
Bearish break below main sr level.
4 HOUR
Overall bullish market turning right now..
DAILY
Great short entries for a retrace setup, expecting a push to previous lows.
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FOREX SWING
SELL EURAUD
ENTRY LEVEL @ 1.64670
SL @ 1.65360
TP @ 1.63630
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURO-AUSSIE STRUCTURE ANALYSIS|KEY LEVELS|
EURAUD is trading in a massive upward channel with a strong horizontal support in green as an additional backup.
After the in-channel diagonal resistance was broken, the pair was set free to go up with the channel and retest the upper bounds.
Now, the small diagonal resistance has also been broken and there the new target is the horizontal structure resistance.
There is a hight chance for it to be tested soon. Therefore i am bullish short term.
Key levels for now:
Resistance: 1.6584
Support1: wherever the diagonal support gets touched.
Support2: the broken diagonal resistance is now a mirror level
Support3:1.6113 to 1.6055(if the channel support is broken again)
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EUR/AUD probably going UPEUR/AUD , D1, Up trade. I placed a live trade just now hoping that all will go well. Will refer to my exit chart after a few days :)
EURAUD ANALYSISEURAUD is based above demand zone at level 1.6175
after forming double bottom pattern
MACD shows bullish momentum
We r waiting price to exceed next resistance level at 1.6235 which corresponds also to HVN to open long trade
It's expected for bullish movement to target supply zone at level 1.6040
WOL3.0 #64EURAUD buy stop 1.65530
SL 1.61444
TP 1.73714
R= 408.6 pips
If price reaches 1.69603, move SL to 1.66360
EUR/AUD: I am a seller, but why? Selling the pair because:
- The pattern (in yellow) broke this morning EU time to the downside
- Price failed to stay above the daily pivot level @ 1.63390
- Price is below all EMAs
I am taking advantage of EUR overall weakness and AUD strength on H1, H4 and D, to sell the pair. My target will be the previous support as shown in my chart, around 1.61760 levels.
Trade at your own risk
Trade 4 - EURAUD; Long (CMP entry)Looking to get on the next move to the upside on EURAUD after the pair has been holding strong on support and looking like a potential wedge is forming offering some space to the upside, with a 25 pip SL at 0.5% risk offering a 3:1 RR for the final target, but potential for the trade to be held longer depending how things develop.
Reasons for the trade:
1. Market showing signs of reversal from the recent bearish run and market pressure, showing the potential to break to the upside.
2. Support has held firm and now price is showing some momentum to the upside with plenty of space.
3. Dynamic support has held strong on a number of times going long on the 5th touch of this area, stop placed below the wicks of the most recent touches with space to breath.
EUR/AUD: Buying @ market price The pair is supported by a nice parabolic curve which has shown multiple supports over the last days.
This morning we have broken a structure to the upside, indicating buyers are in.
We have a confluence area (2 or more fib levels) which is also the former top, and this will be my today's target, around 1.63800 levels
Check out the ZOOM below to understand what happened.
Trade at your own risk
EURAUD - SWING - 13. JULY. 2020Welcome to our weekly trade setup ( EURAUD )!
-
1 HOUR
Bearish break below main sr level.
4 HOUR
Overall sideways market at its highs.
DAILY
Good short entries and price action towards previous lows.
-
FOREX SWING
SELL EURAUD
ENTRY LEVEL @ 1.62470
SL @ 1.62860
TP @ 1.61880
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
euraudlast week euraud was on consolidation . since last week i marked this zones support and resistance that i am waiting for a break and retest to enter on trade. in my opinion euraud should go sell next week.
EURAUD short after a small spike up.Hi moneymakers,
Setup for EURAUD, we found resistance/retested very nice on ALL the levels of fib except for the 38 yet.
There also seems to be a strong level of previous support, wich now turns resistance on the 38 fib.
So from here i am expecting a push down wich also is in line with the fundamental data for now.
We will short EURAUD very soon if price action shows us a valid entry.
EURAUD Price is sitting on the pivot and 200EMA! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
EURAUD TO BUY (AUD CASH RATE NEWS AFFECT)Clearly, EURAUD is a buy as an uptrend is rising up after the AUD Cash Rate news.
TP: 1.628 or ABOVE
EUR/AUD LONG POTENTIALEUR/AUD ANALYSIS
7/5
Check out last week analysis regarding this pair here
(I update my pairs frequently, NOT on tradingview)
Price has broken out of the current triangle structure
We may now see price re-test initial support once again
this time as resistance and depending on how price react
we can determine if we drop more before bullish
or we just go into bullish
Definitely expecting AUD weakness
Will have to wait and see how price shapes up over the week!
TO STAY UPDATED REGARDING THIS PAIR...
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