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Eur-aud

EUR AUD 1D- Double Top 'M'. Long Term Short.This is my analysis and predictions in regards to the future of EUR AUD. Based on the daily charts. Obviously this is a long term trade and may take a while to form. But you can see a clear double top rejection on the top trend line on numerous occasions. I will be waiting for the top trend line to be touched, a retracement then a return to the trend line before entering a long term SHORT all the way down. This is also backed up from the simple but effective M formation trading style. Always wait for the second leg to trade down on. Let me know what you think, I think there's definitely a large amount of scope if this pattern is to form again. Apologies the SL/ TP chart is in the wrong position (should be higher up) , but you get the idea.
Short
by jackcrab13
EURAUD Going down!As seen in the chart above, the price could not cross the 1.631 resistance line, and formed a bearish pin bar, I see that the price will go down and hit 1.6172 and bounce a little and then continue to 1.60560, and in the 4H time frame, it formed a head and shoulders chart pattern and retested the resistance, all this indicates that the price will goo short TP(1): 1.6172 TP(2): 1.60560 with stop loss: 1.63421 Don't forget to leave a LIKE Check my idea's here: www.tradingview.com follow me to get the latest analysis daily thank you Good luck
Short
by jihadHejaz
EURAUD 30/01/20 SHORTDisclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning. Please manage your risk-reward accordingly. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck. Regards: Pips Archery FX
by Pips_ArcheryFX
EURAUD Mid Term Sell Bias trade idea Australia’s strong economic ties with China too and we all know this virus named "Coronavirus" is actually not only affecting the people of china but whole financial markets around the world. Equities have fallen, bond rises and all the safe haven got a pump upward couple of days earlier. Risk currency like Aussie had trouble and safe heaven like yellow metal, the yen had the most benefit. It's been a while now we are seeing how far this minor pair has reached. Nothing is permanent and we are facing a temporary natural disaster which may somehow end soon or later (doctor gotta work fast for the antidotes jk :D). I assume if risk appetite gets better there are some possibilities that this exhausted bull will switch its direction lower. I know it's not a one hundred percent idea but at this point either the market of this minor pair is consolidating, range or a reversal is imminent but a strong bullish upward momentum isn't what I feel at this point (my own opinion). Technically we can see the price has hit the R3 of the weekly pivot and by seeing Fibonacci retracement it looks lucrative by seeing the good possible reward on the downside for this pair. This pair did pump higher more early morning just to know the National Australia Bank (NAB) Business Confidence Index rates were dropped which let us know that the business sector wasn't too confident at the time. Aussie will have its inflation reports out tomorrow which if actual is better then forecast and previous could help our trade bais further and as we all know global risk sentiment getting positive with the rise of risk appetite is what we should take into consideration too. (Idea not guaranteed financial advice.) Comment your idea and plan too if any. Peace out!
Short
by jessi061
EURAUD CUP AND HANDLE PATTERNStrong bullish wave ended at level 1.6288 then correction occurred at 61.8% Fibonacci level at 1.6088 forming cup and handle pattern Price respected this key level several times MACD shows bullish momentum RSI broke downtrend We r waiting that price break downtrendline and exceed the coming resistance level at 1.6175 for going long trade In that case price will be above HVN which indicates that the accumulation phase has ended and the pair will start strong bullish wave First target will be at the supply zone near level 1.6288 then second target will be towards key level 1.6425
Long
by MMFXSignals
EA: Patience is Essential with Just Under +300 pips on the TableAwaiting patiently the correct time to execute an entry long. The amount of confluences on this trade setup are pretty impressive, but if it doesn't hold we'll be prepared either way. Obvious long bias, however execution can be quite difficult due to the manipulation in the market and with the Australian dollar this week in particular (fundamentally). Stay tuned to the tg for updates 23:00:30 ( UTC ) Sun Jan 12, 2020
by TayFx
1