Euraudanalysis
Wait for a buying opportunity with EURAUDH2 time frame.
Structure: The descending channel has been broken.
The key level of the descending channel at 1.55300 has been broken.
Waiting for the price to return to this support zone to confirm the uptrend and appear bullish reversal patterns, you can find buying opportunities.
The profit target is the 1.59000 price zone.
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Wish you all have a good trading day!
EURAUD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EurAud- Strong reversal from supportSince 22 September, EurAud has dropped almost linearly and the price fell almost 1000 pips and has reached 1.6350.
This zone is a strong support one at this point and acted as such in the past 4 years.
I expect this support to hold once more and the pair to rise and challenge 1.69 resistance
Dips against 1.6350 should be bought
EURAUDBullish Indicators:
1) Support zone at 1.53456
2) Bullish Candle
Bearish Indicators:
1) Resistance zone at 1.56091
Plan A: One can take long position on the breaking of resistance zone of 1.56091 for the target of 1.57665 and 1.58937.
Plan B: One can take short position on the failure to break the resistance zone of 1.56091 for the target of 1.53546.
EURAUD weekly MovementHellooo...My Dragon Friends
if EURAUD give us some oppourtunity again.
i will make buy EURAUD around at 1.5400-20
SL 1.5350 and TP 1at 1.5600 and TP2 1.5655.
or if break that trendline, we can sell it at 1.5500 (wait until break).
Lets See
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Disclaimer On
EurAud waiting for a pullback to retestAfter a break of the major trendline, we are holding bearish bias on this pair but in lower timeframe , it is looking to break the downtrend channel for a pullback to the retest area. Waiting for a break and retest for a confirmation and better risk reward ratio.
EurAud false bullish break ?Still having bearish bias on this pair. With previous bearish momentum, it is currently forming a continuation pattern. We need a confirmation break for this trade as it is sending mix signal currently on the chart. It is expected price to break the major trendline to form a new low.