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Eur-aud

EURAUD - FOREX - 21. FEB. 2020Welcome to our weekly trade setup ( EURAUD )! - 1 HOUR Very bullish price action towards previous resistance 4 HOUR Waving formation at its top, we need a drop now. DAILY Short holders taken out before droping further down. - FOREX SETUP SELL EURAUD ENTRY LEVEL @ 1.63460 SL @ 1.64560 TP @ 1.61260 RR: 2.0 Use 0.5% risk! (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
20
EUR/AUD-4 Hour overviewHello everyone, I want to share this with you! -On a 4-hour time frame, we can see that the price is moving between support and resistance area and we can see that price yellow support/resistance line and we can clearly see that the price broke that line and the price retested that line and continued moving in a bearish direction and on 1-hour time frame we can see that price tested that line few times and the price rejected and continued moving in bearish direction. -I expect retest on a support area(lower blue area) and then we can see will the price make pullback or will it break that area. -On a daily base, EUR is stronger than AUD and on a weekly base, EUR is still a little bit stronger than AUD. If EUR remains stronger than AUD we can expect bullish movement and if AUD gains some power and EUR loses its power we can expect bearish movement. -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 a Financial advice.
by lCrn49
EURAUD Bullish OpportunityWe have here a bright set up for the reasons below -Entry reason for most optimal RR would be for price to check support 1 more time giving us a candlestick pattern to enter -Price is respecting its descending trend line therefore price wants to test it again before attempting to breakout -Price retesting its descending trend line 1 more time then gives us a strong trend continuation trade at our trend line and the 38% retracement signifying its still a bearish market with optimal RR on the trading idea.
Long
by RiosTrades
EURAUD: Sell opportunity on a Resistance rejection.EURAUD was rejected last week on the 1.6600 bottom of the 1W Resistance Zone. The 1D chart has already turned neutral (RSI = 52.665, CCI = -53.479, MACD = 0.006, Highs/Lows = 0.0000) as it is approaching the MA200 and with the RSI still halfway to its support level, we expect further downside. Our target is the 1.6000 top of the 1W Support Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope