EURAUD
EURAUD Entry On A Retest - Wedge PatternEURAUD price broke diagonal wedge support. Diagonal support line now becomes diagonal resistance because price broke and closed below the diagonal level.
WAIT FOR THE RETEST OF THE DIAGONAL LEVEL.
Enter on the retest at level 1.63084 with a market execution order or sell limit order. Exit at the next horizontal support resistance line for Take Profit. Exit at 1.61072.
Note: There is confluence when diagonal support resistance line intersects with horizontal support resistance line. A higher probability trade set up for the wedge pattern in using "intersections."
EURAUD – Sellers trending is on the way and the reason could be EURAUD – Sellers trending is on the way and the reason could be
Trend: Strong Sell
Support/Resistance:
R3: 1.61423
R2: 1.61139
R1: 1.60770
S1: 1.60108
S2: 1.59538
Price action:
From previous day sellers led and give us a reason to sell even more, but the price has to hold below resitance level at 1.60770. Sellers targets are next to first and lower to second buyers support where buyers might give us information about their next move.
If the price change first resistance level to support, then buyers might test second resistace level at 1.61139.
Potencial trade idea:
Bulls targets:
T1: 1.60770
Bears targets:
T1: 1.60108
T2: 1.59538
NOTE – We are trading EURAUD via the preferred trading setups
ELITEFXACADEMY
EURAUD Full Analysis & Short-term & Long-term Prediction !#1, We want to see short-term downside until we find nice buy opportunity. We are still in bullish trend !
#2, For now, We look for sell from the above resistance area.
Relate this idea with your setup and see if its connecting something similar.
This publishing is for educational purpose only.
Impulsive Waves Construction - Part 1 (02)The EURAUD daily chart corresponds to the example of our latest educational article "Impulsive Waves Construction - Part 1".
Impulsive Waves Construction - Part 1The EURAUD daily chart corresponds to the example of our latest educational article "Impulsive Waves Construction - Part 1"
Eur/Aud Head And Shoulders Maybe?Just something im seeing on the daily chart. Im thinking the daily pullback could create a Right Shoulder giving us a "Downward Leaning" Head and Shoulders Pattern.
Remember that if the Pattern is "Leaning Downward" , It is said to be considered MORE RELIABLE...
Lets see what happens next week!
GBPAUD - EDUCATION - 23. JUNE. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
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1 HOUR
Sideways waving market looking for a takeout direction.
4 HOUR
Heading down, I see a break below previous week lows.
DAILY
Bullish market found its top and resistance now, we need a pullback to takeout long holders.
OVERALL
Waiting for a break below/above a main level. Expecting market to form new weekly lows and head back up
into main price movement area before heading further down or making new highs overall. There should be a
lot of market movement this week. Will update as soon as something happens.
Good luck
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Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURAUD Long Trade - *Descending Wedge Pattern & Demand Zone*Here is a long trade I have taken on EURAUD but unfortunately did not manage to post to trading view before my entry. I will cover the basic analysis for entering this trade below:
Technical Analysis:
- Descending Wedge Pattern
- Price is Squeezing
- Rejections of 1.57/1.57150 support zone
- Anticipation of the wedge breakout
Fundamental Analysis:
- Gold price dropping should influence AUD negatively
- Anticipating negative AUD data
A full breakdown of this trade can be found on my blog by clicking on the link below:
diaryofafinancekid.com
EURAUD Sell (Forecast) Technical Analysis:
Price on the 4h has just broken structure to the downside showing the maybe for the next few days or even weeks we could be falling pretty heavily. When you look on the 1h timeframe it looks as if EA has a lot of momentum to the upside, which it does for now but at the same time this could be an ABC corrective wave to the upside before falling once again. The purple zone has many confluences telling us that could be our zone where we fall heavy.
-4h level where price fell heavy before
-1h Fib extension
-4h 78.6% fib pullback
-Broken Trend Line retest
So there are a lot of things telling us that this pair could fall massively, but before we enter into the sell we want to first understand when it has run out of steam to the upside and then know when it is starting to shift it's momentum back to the downside.
EURAUD Break and RetestFX:EURAUD
1 HOUR
4 HOUR
Ok so here we are, back at it. I posted this trade on my instagram stories earlier today( www.instagram.com)
I closed .08 of my position when price moved +20 pips in my direction. Stop moved to breakeven and trailing stop set at +20pips. .
Now that the numbers are out the way. Here’s why I entered:
First off I overnight yesterday I closed out a long position in eur/nzd for a positive gain. I think this gave me some confidence that eur pairs might be good for buys.
Next, I identified an area of consolidation on the 1hr chart. Now I had these drawn up pre New York, so you’ll see that price actually broke and closed below my 1hr breakout line (lower blue line) but I was asleep at this time. So I actually missed the trade, but there was a nice retest for a short. .
Fast forward a few hours. I’m at work and have a few moments to check the charts and I notice the price closed back in range and then above my upper breakout line. Nice. I guess this is what the people I follow call a fakeout. .
I hesitate to enter a bit just because my confidence is low at the moment but I do enter (a bit late though). .
And you can see how it is playing out. .
I’ve been thinking more about waiting for 4hr candle closes as confirmation first before entering trades. Even if my zone is drawn on the 1hr chart. Not sure if this is the right way to trade but will see how it goes. .
It does mean I have less chances to enter a trade but I think for where I’m at now that’s a good thing. .
Hope everyone having a great trading week
EURAUDA bit more advanced, fibonacci clusters present, double pitchfork giving us nice EP's, hence potential trades. Looking to see how price moves in this fork, can copy past this on your charts to follow price action.
Educational purpose only, use proper risk management if u should trade. Hit me up if your interested in pitchforks, the precision is maaaad.
[CASE STUDY] EURAUD: How not to get caught by random movement.Many times trader likes to play tight range but inevitably get caught by fake breakouts. What they do not realized is that the range they are trying to trade in is the consolidation phase. Consolidation phase in general is MEANT TO whipped out weak holders before the real move happen! This is why traders always get stopped out AND THEN the trade goes in their direction. I hope this case study helps!
How I made $4000+ trading this pair?Hello traders!
Hope everyone is having a profitable week.
I have published my idea few months ago about how the bulls were returning to euraud. After the simple 3 signs that this pair has gave me, I started trading with the trend and went long!
Total Profit: $4878.83
Trading Diary: goo.gl/WOi6yU
Please like and comment for more of my educational material!
- Abdulla :)
EURAUD: Reviewing The Tape (Education not a trade idea)I've already written my "Trading Recap" blog post for today but I wanted to share something with you guys. For you guys that have been following along with my blog you know that I've been working on an article looking at professional athletes and professional traders. One of my main comparisons is the amount of preparation and review that both do.
Just like Peyton Manning or Tom Brady do after every game, after each trading day I review the tape, meaning that I go back through my trading day and critique myself. After all, in this industry we are our own bosses so if we don't do it who will?
Last night I posted a trade looking for a potential breakout to the upside on EURAUD, although we did test the highs of our previous structure level we never got the break that I was looking for and it ended up being a scratch trade (breakeven). This morning in our Warroom meeting Jason Stapleton fired off 2618 idea for this same pair. (I'll attach a link to the FREE 2618 training at the bottom of this post). In the live room we ended up finding a bearish Cypher at the same level and ended up getting short as well. After banking some good pips, I spend the rest of our session going through the rest of my portfolio and basically but this pair on the back burner.
BIG MISTAKE, if only i would have paid more attention to it, i would have seen that IF our 2618 setup were to rally to 2nd targets THEN we'd also have a Bat pattern completion which we plant a stop & reverse at. So yeah I left a few pips on the board today but the important part is that I was able to identify my mistake and turn it into a learning experience. For those who don't take the time to review their day, well that mistake may continue to be a future mistake.
Thanks for taking the time to read this and I'll see you next week at the Technical Trader Workshop!!!
FREE 2618 Training Lesson: www.youtube.com
2015 FREE Technical Trader Workshop: promos.tradeempowered.com
