Eur-aud
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
My EUR/AUD predictionWe have just completed a head and shoulders pattern on the 4 hour time frame and now it looks like price is going to push up due to the bullish hidden divergence and also the bullish pennant pattern. Price is likely to have a small retracement at the golden zone(Either at 50% or 61.8%), but is expected to carry on to the upside.
EURAUD CUP AND HANDLE PATTERNStrong bullish wave ended at level 1.6293 and then correction occurred until 61.8% Fibonacci level at 1.6088
Price respected this level and then going upwards
MACD shows bullish momentum
Price is above Moving Average 100
EURAUD is forming cup and handle pattern
we r waiting for price exceeding the resistance level at 1.6170 for targeting the supply zone near level 1.6293
EUR/AUD: Retrace Back to Long-Zone after +90 pips 14:38:48 (UTC)After +90 pips of correctly predicted price action, we've since retraced back to levels that are even more interesting to me this time. After a measly +0.1% on CPI (U.S.) today, being patient to secure an entry via looking at shorter term time frame entries and confluences are of my main focus this week.
PM me for my entries,
14:38:48 (UTC)
Tue Jan 14, 2020
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
EURAUD: Bearish Forecast
hey guys,
recently EURAUD has formed a peculiar rejection candle testing a falling trendline on a daily.
on 4H chart we see a lower high formation and confirmed break below the minor support.
I believe that now we can expect further bearish continuation to 1.610 / 1.604 levels.
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 >>
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.*
EURAUD - FOREX - 16. DECE. 2019Welcome to our weekly trade setup ( EURAUD )!
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1 HOUR
Slowly rising market towards market resistance area.
4 HOUR
Market is waving a lot and need a pullback to the downside.
DAILY
Bearish market structure at its resistance, great short entries.
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FOREX SETUP
SELL EURAUD
1ST ENTRY @ 1.62200
2ND ENTRY @ 1.62540 (wait for trigger)
SL @ 1.63150
TP @ 1.61160
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN