EURAUD: Multi Time Frame Analysis
hey guys,
EURAUD is coming closer and closer to a major support line on a daily.
1.605 - 1.61 is a decent zone to consider for a buying opportunity.
Look for a reversal formation within the underlined area and buy the market
expecting bullish continuation to an upper boundary of a channel on 4H
and to higher structure levels.
Eur-aud
EURAUD - FOREX - 27. NOVE. 2019Welcome to our weekly trade setup ( EURAUD )!
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1 HOUR
Sideways market and slow price action.
4 HOUR
Sideways channel and market structure.
DAILY
Slowly rising market with a few pullbacks, good long entries.
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FOREX SETUP
BUY EURAUD
1ST ENTRY @ 1.62180
2ND ENTRY @ 1.61890
SL @ 1.61380
TP @ 1.63040
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(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
EURAUD: Trading Plan
hey traders,
after a strong bullish movement from 1.60 structure support
the pair is coming closer and closer to the first decent zone of supply.
on my radar 1.635 - 1.643 area.
I will let the market enter this zone and then I will be waiting for the bearish breakout
of the channel to short the pair!
Target levels will be 1.625 / 1.615
Stop will be above the highest point of the channel
EURAUD FOR A BUYBased on the trend and lagging line passing through the moving averages, I am looking at EURAUD as a long. There has been news for AUD that occurred for Monetary Policy Meeting Minutes, which elevated price of EURAUD to increase above 1.63. Therefore, we could be looking for a long opportunity.
Possible trend shift in EURAUD – going longThe Tidal Shift Strategy has just bought EURAUD at 1.61858. The system recommends entering this trade at any price between 1.61631 and 1.62085. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -2.09721, which suggests that the EURAUD could be trending upwards.The 14-period Average True Range on a daily chart is 0.00181, so the stop loss has been set at 1.6095. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Signal ID: 69337
Time Issued: Thursday, 14 November 2019 04:00:16 GMT
Status: open
Entry: 1.61631 - 1.62085
Limit: N/A
Stop Loss: 1.60950
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Past Performance is not an indicator of future results.
EURAUD - FOREX - 12. NOVE. 2019Welcome to our weekly trade setup ( EURAUD )!
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1 HOUR
Small bullish pullback in a bearish market.
4 HOUR
Bearish market with several small pullbacks to the upside.
DAILY
Great short entries to follow the trend!
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FOREX SETUP
SELL EURAUD
1ST ENTRY @ 1.61320
2ND ENTRY @ 1.61740 (wait for trigger)
SL @ 1.62480
TP @ 1.60050
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(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