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Eur-aud

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) Thank you for reading, like and subscribe and have a nice day.
Long
by ProSignalsFx
2
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.
Long
by ChartL
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
Short
by DACapitalTrading
5
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... 🎇 ⬇ CHECK OUT BELOW ⬇ 🎇
by illDior
EURAUD Short - FlashcardEURAUD Short Direction: - Entered a Bearish Cycle on Tuesday (three days ago) on the H1, so I was looking to short off possible high points. - Just dropped to the first level of the cycle, so still needs to drop for minimum 1/2 more days. - On the H4 & H1 time-frame there is Bearish Momentum , as lower lows and lower highs are being made. Entry: - High held at YH (Yesterday's High), with the candles closing below that high and only pinning it. Price Action indicated that the high was not going to be broken. - MBL (Market Base Line) pointing down which confirms that the pair will most probably drop. - Candle dropped and closed below 13 & 200 EMA, which was another confirmation of a drop. This is where I entered on the M15. Exit: - 27 pip SL @ 7 pips above YH (Yesterday's High). My reason is that YH is a resistance point. - 47 pip TP @ the point where the RSI crosses the Signal Line. This indicates an exit on the trade.
Short
by FotiosDimitriou