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Eur-aud

EURAUD: Buy opportunity on a Bullish Megaphone.The pair has been trading within a Bullish Megaphone pattern for the most part of the year with 1D currently on the first stages of a Channel Up (RSI = 55.720, MACD = 0.0000, Highs/Lows = 0.0020). Having made a Higher Low last month it is still on respectable buy levels until it reaches 1.66000 (roughly +4.50% from the Low) or the 1D RSI hits 73.50. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
EUR/AUDTimeframe: 1 hr and 4 hr Look for a breakout of the wedge. Note that the 0.618 level is right above the wedge and could act as resistance to the upside. The 0.618 has been touched a few times already and acted as resistance. Stochastic is neutral, but looks like it may start moving downwards again (pointing down). If price were to fall below the wedge, the 0.318 would be encountered below. On the 4hr pirce is in an overall uptrend, a fall to the 0.50 or 0.618 level may help push the pair up.
by MC_Mike_Trading
EURAUD: Trading Plan I was asked a lot about EURAUD. Pair has recently broken above the bull flag and we see a strong bullish continuation. I believe that bulls will continue pushing the market to higher structure levels. On my trading radar is the wide area between 1.641-1.647. This zone matches perfectly with the horizontal structure on the left and completion point of the equal measured move. So I will be looking for a confirmation signal only when the market will enter the zone. For now, buying of shorting the pair is very risky.
Short
by VasilyTrader
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