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.
Eur-aud
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!
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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!
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EURAUD | DAILY SESSION | SHORTOn the Asian Sessions, we are looking for the continuation to the downside. If this does not occur then we would want to see a pullback to the 50% retracement of high.
Big Picture View
Strong: AUD
Weak: EUR
This trade is valid until 06/07/2020 @ 9 pm BST.
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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.
EUR/AUD LONG POTENTIAL EUR/AUD ANALYSIS
6/28
Check out my last analysis regarding this pair below!
(I update my pairs frequently, NOT on tradingview)
Since then price is still in a correction
We may see another pullback to the downside
Looking for long potential after a pullback
this pair likes to range for a long period of time so we really need to be patient
Reminder: Drawing is only an idea of how the price will move, it's NOT 100% perfection due to market nature
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EURAUD BULLISHComing into this new week of trading I'll definitely be speculating how price reacts in this congested area of PA. I'd like to enter once price confirms my predictions on where price plans to go in the future before this happens we must wait and see what this pair brings to the table. First we let price break out of its Price Accumulation then read candle stick readings (4hr closes only) at the exhaustion.
EURAUD ANALYSISEURAUD broke major downtrendline
Price is based above HVN at level 1.6300 which indicates that pair is in accumulation phase
Above SMA 100
MACD shows bullish momentum
RSI is above level 50
we r waiting price to exceed key level at 1.6425 to open long trade
first target will be at level 1.6767
then finally target supply zone at level 1.7200
EURAUD: Sideways Market and Consolidation
EURAUD is trading within a wide horizontal range for more than one week.
this morning the price reached its support and with high probability, the green structure will be respected.
with double bottom formation and bullish violation of a minor resistance, chances are high that the price may recover.
target levels:
1.635
1.64
EUR/AUD - Consolidating - Wait for a break LONG.Hi traders,
Here is my view on EUR/AUD where we have quite a support level and we should see a retracement UP after consolidation.
EUR and AUD both shown a LOT of short sold but no longs added yet, this is the reason we can still go eiter way.
Up seems the most logical way for EUR/AUD because we had a MAJOR fall down, now we should recover a bit.
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EUR/AUD LONGEUR/AUD ANALYSIS
6/21/20
EUR/AUD is one of my favorite pairs!
Check out last analysis regarding this pair below
(I update my pairs frequently, NOT on tradingview)
Price has bounced off marked support and could NOT break ress
Now we may look for a pullback to gain momentum to break current resistance above
Looks like it may be happening soon with DXY strength on our side :)
Do NOT trade before taking confirmation
Reminder: Drawing is only an idea of how the price will move, it's NOT 100% perfection due to market nature
TO STAY UPDATED REGARDING THIS PAIR...
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EUR/AUD LONGEUR/AUD ANALYSIS
6/16
Check out last analysis below to understand the better idea
We now look for long potential
Currently, in a correction + we are in Asian session at the time of posting this
so this may range and take out last supp
Till then we look for longs!
Do NOT trade before taking confirmation
Reminder: Drawing is only an idea of how the price will move, it's NOT 100% perfection due to market nature
TO STAY UPDATED REGARDING THIS PAIR...
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EURAUD - SWING - 16. JUNE. 2020Welcome to our weekly trade setup ( EURAUD )!
-
1 HOUR
Bearish price action below main sr level.
4 HOUR
Following shortterm pressure and price action.
DAILY
Expecting another push to previous lows!
-
FOREX SWING
SELL EURAUD
ENTRY LEVEL @ 1.63870
SL @ 1.65580
TP @ 1.61250
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
EUR/AUD OUTLOOKEUR/AUD ANALYSIS
6/14
This pair has been ranging for a long time
currently in a correction
Long term looking to long potential
Do NOT trade before taking confirmation
Reminder: Drawing is only an idea of how the price will move, it's NOT 100% perfection due to market nature
TO STAY UPDATED REGARDING THIS PAIR...
⬇ CHECK OUT BELOW ⬇