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Euraudbuy

Potential long swing trade for EUR/AUDEUR/AUD closed lower for five consecutive days last week during a week of volatility and turbulence. With the Fed and five other central banks announcing a coordinated effort to provide liquidity for US swaps, and UBS agreeing to purchase Credit Suisse over the weekend, perhaps there's potential for it to confirm a swing low. Last week's low found support at the 20-day EMA, trend support and 38.2% Fibonacci ratio and the daily closes held above the monthly R1 pivot. The bias is for a move towards 1.6100 (monthly R1 pivot) whilst prices hold above last week's low - or trend support can be used to fine-tune risk management.
Long
by CityIndex
20 Reasons for Buy EURAUD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Yearly Market is sideways. Both sides have imbalance areas, but most markets' sentiments are bullish 2 📆Monthly: market structure is bullish, and the current move is corrective, but now the market also changes character with the previous break 3 📅Weekly: a strong up move now makes a clear retest on weekly FVG and CIP, ready for another bullish impulse move 4 🕛Daily: previous retest support and bullish order block prepared for an impulse move 😇7 Dimension analysis 🟢 analysis time frame: daily 5: 1 Price Structure: bullish 6: 2 Pattern Candle Chart: panic bottom flag 7: 3 Volume: Heavy volume on bull candles 8: 4 Momentum UNCONVENTIONAL Rsi: Sideways middle bull phase 9: 5 Volatility measure Bollinger bands: Not supporting 10: 6 Strength ADX: full sideways 11: 7 Sentiment ROC: Eur is at full strength right now ✔️ Entry Time Frame: H4 12: Entry TF Structure: Bull to sideways 13: entry move: impulsive 14: Support resistance base: mid-order block support 15: FIB: discount price support ☑️ final comments: buy 16: 💡decision: buy right now 17: 🚀Entry: 1.5601 18: ✋Stop losel:1.5400 19: 🎯Take profit:1.6500 20: 😊Risk to reward Ratio: 1:5 🕛 Excepted Duration: 1 month
Long
by Optimum369
EURAUD Trade!Hello traders around the world! My name is Alexandre Karim & today I will be sharing with you my trade on EURAUD. If we go back to the daily chart, we can draw an expanding descending channel from October 2020 till present. Currently the price formed a bull flag on the upper daily TL (We can see it on the 4H & 1H TL) I was planning to take a long position when the price was forming the bull flag pattern. I was waiting for the third touch on the lower TL shown in the picture + the price gave us a little descending correction (hover) as a reversal signal & took the trade at the breakout. I am currently running at 4% and already moved my SL to BE. Will be looking to lock below 1H corrections to secure profits. You have to be patient and take quality trades. #THEPRIMES
Long
by alex_k_95