EURAUD / LONG - Price is just rangingFrom what I can see on the daily price is just ranging in this small area however there is still an opportunity to make profit.. Price has broken its current structure and is going to retest its support zone
I am waiting for a bounce off of one of the Fibo levels then we can go long
Euraudbreakout
EURAUD - SHORT / RISING WEDGEI believe my initial analysis of this pair was incorrect, upon further analysis we can see divergence on the weekly TF, as well as price, breaking the weekly trendline
If you notice we also have a rising wedge pattern which is another indication of a change in trend
We will wait for a breakout and a retest before entry on a lower TF
EURAUD BULLISH TREND CONTINUE !!!As we see price bounce back from support level and fail to break support area & still
continue to up move we entered to trade from last week and still look for good pips
guys if you like our idea support us
we appreciate ur likes and comments
Follow us for more updates
EURAUD, 4hr timeframe, buy on breakout of ranging areaEURAUD moved insde the yellow box area for 2 weeks and today we finally see a soid close above he ranging area on the 4hr timeframe.
We could see price continue moving up to next resistace at 1.6550. A solid close above it will also open the possibility to go up until 1.6700 area.
We could try buying EURAUD on the retracement or retest of this ranging area.
Buy EURAUD 1.6380
Stop loss 1.6250
Take profit 1 @1.6510
Take profit 2 @1.6640
Take profit 3 @1.6770
Good luck
EUR/AUD Technical Analysis
The counter has been confined into an asymmetrical pattern for the past few months, which depicts indecisiveness.
Now, it has made a bullish breakout from the pattern.
Further, it has formed an inverted head and shoulder pattern and broke out of the neckline.
Hence, we expect the pair to be bullish in the short-term.
EUR/AUD LONG IDEAS 26th JUNE 2020Again not the greatest drawing but I'm going to try spice thing's up a bit using the XABCD tool.
Possibility of an upward trend if the breakout is confirmed passed the area of interest.
My thought's is that it may retrace off the .618 Fibonacci level as shown in the graph.
I'm kinda new to using this indicator so any opinions and tips would be great.
Feel free to share your ideas I'd love to hear what you think.