Eur-aud
EUR/AUD 5th trade 30minThis will be my 5th trade, if I get stopped out I have a second attempt at longing.
Thus far:
1)EUR/USD- Winner (+2R)
2)GBP/NZD- Loser (1st attempt) (-R)
3)GBP/NZD- Loser (2nd attempt) (-R)
4)NZD/JPY- in progress
5)EUR/AUD- in progress
EURAUD Probabilities For Rebound?This is not a guarantee investment advice but seeing the potential risk to reward for upside and knowing the ECB head Lagarde due to give a speech in some minute I thought this pair will have some good volatility. Knowing that during the Asian session the latest updates on retail sales and trade balance for Australia were worst then forecast and previous but the pair continues its downtrend which was fishy and wasn't actually mean to be technically and fundamentally (kinda like things were already priced in). This time we can see a possible rebound from fib 61.80% and knowing if ECB head Lagarde has something good to say which may help boost the euro upward and if coronavirus weighs over higher-yielding currency like Aussie again will be plus point for bull traders in this pair.
EURAUD And the trafficActually EURAUD it's doing what we said, we need a bit more of accumulation in the Key Level, after of this we can buy the value, but i prefer to wait to enter at shorts that will be the best entry.
Updating EURAUD Scalper and Swing entriesAs I said before, the value has already fallen and reached our area, now there are two options, the first one is enter now (when the acumulation in the Key Level give us a confirmation to go in) to the value and take the climb or wait and catch all the fall that will be better for the swing traders.
$EURAUD cheat sheet for the week #forexI am not interested in longing in direction of wave also , as I am not that it drops first or Pump first. It may drop from here only directly or a retest as I am expecting at 1.63250. If it goes there that will be a fine short Entry to target 90+ Pips with more than 4.5R. Lets see how it goes.
EURAUD and LagardeActualmente vemos como después de rebotar en nuestra daily, está llegando hacia nuestra monthly, podemos deducir eso a través de ver como está actualmente rechazando en un soporte que he marcado con un cuadrado, además de eso, vemos como ha roto la tendéncia y ya la ha ido a retestear, con lo que tendríamos que bajar la línia de tendéncia aunque para que quede más claro, la voy a dejar así y en el siguiente análisis la modificaré, con lo que para entrar en largos esperaremos que el valor llegue a nuestra zona de KL para luego poder entrar a largos una vez se haya acumulado en nuestro KL y genere la explosión
Hoy de todas maneras hablará Lagarde con lo que tenemos que ir con cuidado sobre las 13:30.
EURAUD moving on resistances trendline, possible rejectionTrading plan described on chart, please use proper money management, Sell after reject confirmation preferably better. see my previous euraud trading plan already touched target zone.
EURAUD Post News Trade Short + 100 Pip PotentialWe had a good push down on the AUD Interest Rate decision and this pair has now gone into a consolidation between 1.64752 (High) and 1.64418 (Low). Moreover, it is now below the 60 and 15 min KS, as well as the 15 cloud.
Entry = 1.6474
Stop = 1.6494
Risk = 20 pips
Profit target = 1.6374
Reward = 100 Pips
RRR = 5-1
Once this trade is up + 20 pips, move your stop to breakeven and let it run.
I would appreciate if you leave a comment or like as a thank you
Have a great week!!
Allen
EURAUDActualmente observamos como la acumulación que hemos tenido en el KL ha sido demasiado corta con lo que tenemos que esperar a que vuelva a nuestra zona de acumulación retesteandonos incluso nuestro doble techo para así caer con más fuerza hasta nuestra monthly, veo poco probable que siga subiendo aún viendo que ha retesteado en el 38% para subir, además está en una zona muy interesante que al valor históricamente le ha costado mucho superar con lo que nos ayuda a creer que va a subir un poco más para posteriormente caer hasta nuestro 61% que además es el KL monthly.
EURAUD | Short if Pivot Point LostPlease support this idea with LIKE if you find it useful.
Initiate Short.
Entry - 1.64436
TP1 - 1.63514
TP2 - 1.63001
SL - 1.64685
Reason: The price was overbought and might continue a correction.
-Please consider entering a position on a confirmed breakout of Pivot Point.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
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 Advise.
EURAUDActualmente vemos como el valor está en un KL diario que además nos coincide con un doble techo, además podemos observar como nos ha roto un trianguo simétrico con lo que tendría que volver al mismo para retestearlo, que junto al rebote que actualmente estamos teniendo en la Daily, el retesteo de la misma tendéncia y el 61% de fibo daily, nos indica como el valor bajará. El único problema que tenemos es que según la estructura de mercado, KL y fibo el valor no tiene que caer tanto como para retestear, con lo que esperamos una caída hasta el monthly y que ahí decida como va a actuar.
EUR AUD SELL (EURO - AUSTRALIAN DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
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.
Clear weekly tendency WAIT FOR RESISTANCE AND SHORT ITClear weekly tendency where we have clear resistance and support and RSI is gigantic too, it may try to fake out but the moment that we see a clear selling candle close to resistance is the moment to short it, i have the selling zone there but if you see the opportunity before take it, im gonna wait so far, till we have a place with more possibility of success.
Nube#30EURAUD sell stop@1.63095
SL@1.63425
TP@1.62098
2020's upwards momentum has encountered a complicated barrier, so a retracement could happen.
If activated, 38% level should be a point to start monitoring the trade.
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
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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
EURAUD - Long rebound opportunityPAIR IN FOCUS: EURAUD
PLAN: LONG
ENTRY: 1.61320
STOP LOSS: 1.60790
TP 1: 1.61580
TP 2: 1.61840
TP 3: 1.62110
REMEMBER TO MANAGE YOUR RISK!
EURAUD - Short opportunityPAIR IN FOCUS: EURAUD
PLAN: SHORT
ENTRY: 1.63100
STOP LOSS: 1.63580
TP 1: 1.62680
TP 2: 1.62210
TP 3: 1.61720
REMEMBER TO MANAGE YOUR RISK!
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!
