EURAUD Hourly Wolfe WaveI usually don't analyze hourly charts but this should be a fast trade, with a wolfe wave pattern inside a larger one on the 4h chart. www.tradingview.com
Euraudbreakout
EURAUD - BREAK OUT OR BOUNCE UPWE ARE NOW ENTERING ANOTHER BUY PHASE
I AM EXPECTING THIS TO BOUNCE BACK UP
I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE
EURAUD Sell the correctionEURAUD broke out the support quite sharply, i am expecting the it to make an extended low to 1.58 handle, since the momentum is quite weaker across higher time frames and market is trading below my key MA. Watch out this market for sharp bearish moves.
Trade Safe!
EURAUD - TREND REVERSAL LOOKING TASTYHey everyone,
Last week we had our projection for EURAUD looking at a nice trend reversal.
As predicted for this week, the pair has come back to retest the recent highs.
As of now, I'm waiting for a second hit to the high, otherwise I will not take the trade from the top.
Let's wait and see what happens!
If they move, we move.
EURAUD Short term SetupEURUAD has Broken Multiple trend lines in 4hr and daily chart too. I am expecting more downside on this pair for the next target of 200 days EMA at 1.54500 levels.
EURAUD short - pullback almost done after channel breakEURAUD broke the channel and retracing now.. it is advised to enter after green candles are finish.. it'll be a good short...
Please hit "LIKE" to support and follow for more ideas.
Vinny
EUR/AUD - 200 Pips+ OpportunityEUR/AUD has broken down the 200 EMA and is currently in a bearish trend.
An opportunity has presented itself to enter the bearish trend. As the price breaks the current support (1.56 area) it may continue down for the rest of the month until it finds a strong support.
The long term bearish move is cancelled if the pair finds the strength to break the 1.57 area.
Happy trading! Follow your rules!
EUR/AUD - 350 Pips+ Short Opportunity - ReversalEUR/AUD has been in a consolidation area for about a week and seems to have taken the impact from the last uptrend.
As we can tell from our indicators, this pair does not seem to have the steam left to go further high. Thus, we can open a short position for the reversal of this pair back to 1.54.
Our Stop Loss needs to be higher than the last highs. Recommended at 1.59.
If the pair fails to break down and begins to show some sign of strenght, which I don't expect to, then open a long position. Until now, from the looks of it, this pair seems very week and the resistence has acted well.
The impact has been taken, and a reversal is imminent.
Happy trading!
EURAUD SHORT IDEAON THE WEEKLY CHART, PRICE BROKE OUT FROM THE ASCENDING WEDGE AND IS CURRENTLY DOING A PULLBACK FOR THE BIG MOVE
ON THE DAILY PRICE BROKE OUT OF THE ASCENDING WEDGE (WHICH IS THE PULL BACK ON THE WEEKLY) AND HAS GONE INTO CONSOLIDATION
i AM EXPECTING PRICE TO BREAK OUT OF THE BOX AND THEN i WILL SHORT THIS PAIR.
MY EYES ARE ON THE 1.5700 AREA.
EURAUD possible big move towards lowsEURAUD broke out the uptrend line and just retested. It is very much likely that the market will retest the lows. Momentum indicators supporting the view, i am looking for sell setups for a target to the lows.
EURAUD short speculationEURAUD is in a bearish trend according to our indicator, we can either sell at CMP or wait for a pullback.
EURAUD testing major support, prepare for a potential bounce!EURAUD is testing major support at 1.5772 (long term ascending support line, Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur at this level pushing price all the way up to major resistance at 1.6137 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance). We identified second support at 1.5632 which is right below major 50% retracement and swing low support).
Stochastic (55,5,3) is seeing major support above 2.6% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Weak... ISH Euro!Euro is still on the weak side for me this week along with the US Dollar and Pound. Nice simple set up here, hammer candle formation at a descending trend line. Target at fib extension, done.
EUR/AUD Buyzone Hi Seildev here
Let's keep this trade simple. We have identified the following reasons for entry:
- Daily up trend
- 4hr TF rejection at 200 EMA
- Area of interest around 61.8% Fib
- Bullish RSI Divergence
- Trend continuation
- Simple A,B,C,D leg completion
As always, trade with a plan and safe trading.
Seildev
EURAUD seeing strong bullish support, potential for further riseEURAUD is seeing strong ascending support maintain our bullish momentum. We’re also seeing strong horizontal overlap support at 1.5799 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a bounce could occur at this level to push price back up to 1.5951 once again (Fibonacci extension, horizontal swing high resistance).
Stochastic (55,5,3) is seeing strong support above 3.5% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD starting to breakdown, watch for a potential plummet!EURAUD has finally broken our major support-turned-resistance line at 1.5639 (Fibonacci retracement, horizontal overlap resistance) and a strong drop could occur from here that could push price all the way down to 1.5494 (Fibonacci retracement, horizontal pullback support).
RSI (89) is still holding well above our ascending support line and only a break of this would add further bearish momentum to our setup.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD testing major resistance, watch for a potential drop!EURAUD is testing major resistance at 1.5410 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 1.5272 support (Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD testing major resistance, potential reversal!EURAUD is testing major resistance at 1.5354 (Fibonacci retracement, horizontal overlap resistance) and a reaction off this level could be expected to push price down to 1.5267 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
