Euraudbullish
EURAUD more room to move upEURAUD is right now forming a nice ascending channel with price close to the lower range. It looks like EURAUD has enough strength to fly up further towards it next resistance.
Open: CMP
TP: 1.5079 > 1.5150
SL: 1.4940
EURAUDOur preference: position bought above 1.4820 with targets at 1.4950 & 1.4990 in extension.
Alternative scenario: in break of 1,4820, a continuation of the decrease will be envisageable with 1,4775 & 1,4720 in line of sight.
Comment: The RSI is well oriented.
EURAUD long based on Mongerskit Trading System We have a buy signal generated on EURAUD supported by our technical analysis.
Incase of a pullback, we expect a retest of the daily support and a rally to top.
EUR/AUD - 200 Pips Long OpportunityThere is a good opportunity to catch 200 pips when EUR/AUD finally breaks it's resistence.
Be on the lookout, when you do confirm the move with your own analysis, get in it professionally with the right risk management.
This is simply an idea, always make your own analysis before investing.
Happy trading!
EUR AUD bounce down to jump to 1.425If this demand level still have buyers, no supply on a way to 1.425
playing euro chickenmonthly RSI has shown negative divergence and has now crossed below an ascending trend, which suggests the trend has turned negative and support at 1.3675 may prove temporary.
When the gates give way the pair will be heading toward the next projections at 1.35, with any rebound being capped by 1.4040
If you found my thesis helpful please remember to thumbs up.
All the best for the week ahead!
EURAUD short termwe have multiple resistance's, one even dating back from August 3rd 2016. On the daily price is being squeezed. Price has failed at this resistance trend line multiple times and doesn't look like it has the strength to break it now, however if price breaks above the trade will be invalid.
EURAUD Reversal falling wedge?Two wonderfully slope trendline pointing downwards. Three touches on the top and two on the downside. It took more than 3 weeks to develop this reversal pattern. About half of the formation act as consolidations of the prevailing trend. A breakout to upwards is eminent and of course, can buy after after the breakout.
EURAUD FALSE BREAKOUTPRICE WILL CONTINUE ITS OVERALL BEARISH OUTLOOK, DESPITE THIS. A SHORT TERM BULLISH TRADE SEEMS IMMINENT. ENTER A BUY TRADE JUST ABOVE THE 1.44039 LEVEL, IF PRICE WILL BREAK THROUGH THRESHOLD.
ON THE ATR, WE'RE SEEING AN INCREASED VOLATILITY. TRADE WITH CARE.
EURAUD LONG TRADEPRICE WILL HIP THE 1.48685 SUPPORT LEVEL.
PRICE SHOULD BOUNCE BACK TO 1.4964 LEVEL.
ENTER TRADE AT 1.48685.
STOP LOSS JUST BELOW 1.48138.
LIMIT IS 1.49464.
STOCHASTIC/RSI IS BELOW 20.
Long setup on EURAUD after testing the support on 1.4582 twice the price pull back and we are looking now to see the price on 1.48202 resistance area and looking for a caution there then for the next resistance after the break up
