errand broke the Trendline and is going for a re-testthe main bias is Bullish. the EU broke the channel is and is probably heading for a re-test and a breakdown.
Euraudbuy
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.
EURAUD Buying Opportunity! People:
FX:EURAUD Is inside a triangle consolidation, therefore we can buy at 1.595 area with a 40 pips SL at 1.591 and having profits up to 1.61 and 1.618 area.
Trade confirmations:
-That area will hit the 4H first Bollinger bands. (2, 50).
-That area is a strong previous resistance.
-We will hit a strong daily up trend.
Remember always your risk management:
0.01 Lot size with 40 pips risk will give you a 4 USD loss.
0.1 Lot size with 40 pips risk will give you a 40 USD loss.
1 Lot Size with 40 pips risk will give you a 400 USD loss.
Trade with care!
>> EURAUD << April 30th >> Long „Swing“ Setup <<Hey Guys and Welcome,
EURAUD broke back above 60% price action area of previous week, we are following „Mid“-term Trend with a good RR.
After taking out buyers now, we are ready for another push to the upside we made another HL with a respected trend line.
Long: 1.60238
Sl: 1.59471 (75 Pips)
TP: 1.61169 (90 Pips)
Feel free to Comment and Discuss my Trades.
Have a Great Week :)
Alan
EURAUD Buy Trade Possibility!!Just Opened A EURAUD Trade, Basis Trend Continuation. SL at 1.6062 Levels and TP at 1.613 Levels
EURAUD - Ichimoku support + trendlineEURAUD = potentially moving up..
1. According to ICHIMOKU trading system, the price should bounce from the KUMO which it did.
2. Bounced from trend line as well
3. RSI at 50 - considered Bullish
4.Take profit according to your RR levels
5. might go down a little to touch trend line resistance again before moving up :)
PS: Daily Chart, probably take couple days
Hit "LIKE" to support!
Vinny
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 << April 9th >> Long „Swing“ Setup <<Hey Guys and Welcome,
EURAUD retraced over 60% of previous week price actions, we are following „Mid“-term Trend with a good RR.
Price broke mid term downtrend and moving around 60% psychological level of previous week price action expecting
more movement to the upside.
Long: 1.59734
Sl: 1.58994 (75 Pips)
Tp: 1.60624 (90 Pips)
Feel free to Comment and Discuss my Trades.
Have a Great Week :)
Alan
EURAUD Testing Strong Ascending Support, Prepare For A BounceEURAUD is bouncing nicely off major support presenting us with a good buying opportunity.
Buy above 1.6058. Stop loss at 1.6020. Take profit at 1.6185.
Reason for the trading strategy (technically):
Price is testing major support at 1.6058 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, ascending support) and a strong bounce could occur at this level pushing prices all the way up to major resistance at 1.6185 (Fibonacci extension, horizontal swing high resistance).
Stochastic (21,5,3) is seeing a nice bounce above major support at 6.8% with good further upside potential.
>> EURAUD << March 27th >> Long „Breakout“ Setup <<Hey Guys and Welcome,
EURAUD broke previous week highs and forming new highs, we are following „Mid“-term Trend with a good RR.
Price moved sideways last week, expecting an increase of movement this Week!
Long: 1.60629
Sl: 1.59922 (70 Pips)
Tp1: 1.61272 (70 Pips)
Tp2: 1.62257 (160 Pips)
Feel free to Comment and Discuss my Trades.
Have a Great Week :)
Alan
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 Bullish Penant Breakout$EurAud
Trading ideas.
Penant breakout and the target will be the length of the pole.
THere was HNS forming in Euraud before but we the price couldnt confirm it and bounced from the bottom line of hns.
Follow at your own risk.
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.
EURAUD testing major support, could be seeing a bounce!
EURAUD is now testing major support at 1.5267 (Fibonacci retracement, horizontal swing low support, pullback to descending support) and a bounce could occur at this level to push price up to at least 1.5354 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is seeing major support above 2.8% and a corresponding bounce could occur at this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD facing strong resistance, potential upcoming drop!EURAUD is testing major resistance at 1.5423 (50% Fibonacci retracement, horizontal swing high resistance, bearish descending channel) and a strong reaction could occur at this level to push it down towards 1.5310 support (50% Fibonacci retracement, horizontal pullback support).
RSI (34) sees a descending channel signaling intermediate downside pressure.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD testing resistance, potential drop!EURAUD is starting to test major resistance at 1.5431 (50% Fibonacci retracement, horizontal swing high resistance) and a potential drop could occur at this level to push price back down to major support at 1.5297 (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below 98% 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.
