Euraudbuy
EURAUD Weekly Breakout Setupprice is now at weekly resistance let's take a look at this resistance on daily chart
Daily chart
we need Weekly candle to close above this and ready for massive growth
EURAUD and Buy Area (14/7/2020)Buy limit
1.62995
SL at 1.62675
TP1 at 1.63365
TP2 at 1.63700
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
EURAUD Long Trade PlanHello traders, here is the trade plan for EURAUD. For trade entry details please refer to the chart. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
EUR/AUD Simple Range tradeEURAUD is moving back and forth within this range. So, right now, buyers can buy at this Support Level and Target the resistance level as TP area.
Possible buy Signal:
Entry :1.6250-1.6290
SL :1.6210
TP :1.6420
Don't forget to use proper risk management for this trade.
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
EURAUD and Buy Area (30/6/2020)Pending order
Buy limit
SL at 1.63290
TP1 at 1.63910 (RR 1:1) use Trailing Stop
TP2 at 1.64250
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, wait for a clear Breakout of the RangeEUR/AUD is showing us ranging price action. If the price breaks this area to the upside, I would be interested to go Long. Otherwise, if we break the area to the downside, I will re-evaluate the situation.
EURAUD still in major ascending channelPurple rectangles = minor s/r area
purple line = minor trendline
euraud swings 4-5% (700-850 pips) within a month
My BUY ZONE entry: 1.6200 TO 1.6275
My TAKE PROFIT AREA: 1.6915 to 1.6990
patience is key. I want to see this happen by july 27th . one month away
Distance between the 2 area 640 pips
Stop loss should be no bigger than 213 pips or around 1.6000 which is major price
why?
Reward to risk
640 / 213 = reward 3x your risk
for example
if you risk 3% to make 12% every time you place a trade. You can essentially lose more trades than you win and still remain profitable trader.
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.
EURAUD - BUYThere is divergence on 4h timeframe, currently waiting for this level of resistance to be broken before placing a buy to the green area
EURAUD - BUYCurrently waiting for price to break through this level before buying to the green area
There is divergence shown on the 4h timeframe and will be placing a trade based on price action
EUR/AUD Rocket getting ready for the launch, 1000 Pips TPIn the weekly chart, the uptrend line in EUR/AUD chart is intact. So, I am expecting a rapid rise in EUR/AUD very soon.
Since the analysis is based on the weekly chart, we need to manage our entries carefully.
I am looking to put Buy trades between 1.61 to 1.63 with first target at 1.70 and SL below the uptrend line.
EUR/AUD, we are here about to go Long.EUR/AUD is forming an inverted head and shoulders formation. If price action remained the same, we would be looking at going long here.
POTENTIAL SHORT ON THE EUR/AUDI am now short the EURAUD, Divergence is evident and rules for entry have been met. Risk no more than 2% and remember it is okay if price hit our SL.
EURAUD Buy signal setup 3hrEnjoy a free signal before the week gets started
Feedback, Likes, comments, and shares would be appreciated.
We have left a major 3hr s/r area where market has had a reversal
This would be a great opportunity to catch the trend reversal
Also we have 2 major monthly downtrend and uptrend lines colliding
Market has respected the major 12hr uptrend line, soon as it reached we saw a rejection 3x
then market rose to test a major 3hr downtrend, we saw a rejection
Currently looks like we are gonna be in a triangle pattern
I want to the market go down and test my major 3hr s/r area
and also possibly test the major 12hr uptrend line again
This should fuel the bulls to break up and above the major 3hr downtrend line
Currently we are just waiting for the best entry our chances look good.
EURAUD
Buy Limit: 1.6210 (Best entry takes the most patience)
Stop loss: 1.6110 (100 pips risk)
Take profit: 1.6710 (500 pips reward)
Risk: 1% to 3% of account (recommended)
Reward/Risk: 5.00 (500/100)
Buy Stop: 1.6310 (Only when market goes below this price will you be able to execute this order or you can use a buy limit)
Stop loss: 1.6110 (200 pips risk)
Take profit: 1.6710 (400 pips reward)
Risk: 1% to 3% of account (recommended)
Reward/Risk: 2.00 (400/200)
