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.
Euraudbreakout
EURAUD Buy signal setupHeres my analysis on EURAUD before the week gets started.
enjoy a free signal.
trade at your own risk.
BUY
Symbol: EURAUD
Entry: 1.6660 (Buy limit)
Best Entry: 1.6625 (Buy limit)
Stop Loss: 1.6510 (-150 to -115 pips from B.E.)
Take Profit: 1.6860 (+200 to +235 pips from B.E.)
Take Profit 2: 1.6970 (+310 to +345 pips from B.E.)
EURAUD Market Outlook | Daily Forex Market BreakdownHello traders, please LIKE and Follow, thank you! Second time taking this trade today. Initially rode this up +90 pips we closed 10% of the trade at +60 pips, and another 15% at 80 pips then we got stopped at entry.
We have now entered for a second time, we are floating around 40 pips and we have stop loss at our entry once again. Anticipating more upside movement.
Euro aud is moving sideways 1.73 - 1.70we are watching Euro Australian dollar moving sideways and building support. however, we know from the past that a wick kan test the levels below 1.70. In my opinion, we can have some nice longs in the upcoming days.
but first, I want to see how it will react when it touches the 1.70 zone again.