Get started

Eur-aud

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 Anatta0
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
EURAUD 4H Short selling Idea Short selling idea From 1.6750 - 161930 TP1 : 1.60000 TP2 : 1.58760 Stop Loss : 1.63330 This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price action Behavior , that may not be a necessarily reason for the success of the structure or repetition. So please make your decision based on your vision . To protect capital and manage your deals and trading successfully the maximum loss in each transaction for the same currency or commodity in the same direction should not exceed ( 2% ) of the capital . Good luck >>
Short
by Golden_Spiral
3
EUR/AUD: Shorts to Longterm Long Entry 00:28:55 (UTC) Mon Jan 6I think momentum has broken it's range and is making its move. However we've been stuck on our hands lately as no breakout has happened . Now we've broken out and hitting it 3 times (acting as support) and my bias is bullish. However, I think a pullback back down to the levels shown will happen where we can enter for max profit. The 1 hour wicks to the upside are why I think price needs one more retest of 1.6 before liquidity can be filled by the smart money. Until then, I will be watching this this week shorts. Going into this week i am ready for a short down to 1.597, and remain ready to enter long to 1.612. Entries will be posted 00:28:55 (UTC) Mon Jan 6, 2020 *This is not financial advice. I am not a licensed financial advisor. Seek a licensed financial advisor before making any investment decisions. I am not responsible for losses or gains that may or may not occur in the marketplace. Forex carries a high level of risk not suitable for all investors.* *This is not financial advice. Forex carries a high level of risk not suitable for all investors.*
Short
by TayFx
1