Eur-aud
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
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
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!
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 ⬇ 🎇
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.
Follow me on Tradingview or DM in the chat.
Don't forget to hit the like button
🐉 HAPPY TRADING 🐉
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
TO STAY UPDATED REGARDING THIS PAIR...
🎇 ⬇ CHECK OUT BELOW ⬇ 🎇
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.