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Euraudforecast

EURAUD Can give an UP side BREAKOUTEURAUD currently facing a small RESISTANCE between the price of 1.59356-1.59783. If you look at the above chart you can see there is a triangular pattern formation. If you look at candle near the RESISTANCE area you an see 4 small candle and a big BULLISH candle, which covers all the previous candle. There is a HIGH chance of giving a up side breakout by next week. In case if it respect the RESISTANCE are then it can fall till the blue TRENDLINE that I have drawn in the chart. MY OPNION- One can take a LONG POSITION by putting a STOPLOSS below the blue TRENDLINE that I have drawn in the chart. NOTE ENTRY-1.58000-1.59500 STOPLOSS-1.56000 (Adjust it as per the blue TRENDLINE if it goes up) 1ST TARGET-1.62500 2ND TARGET-1.67950
Long
by chartisttrader1
EurAud to break resistance, 1.62 remains my targetIn my previous analysis on EurAud I said that as long as 1.56 is intact, the pair is in an uptrend and once 1.5850-1.5900 resistance is cleared, the pair can continue its rise to the next important resistance at 1.62. Last week EurAud dropped to confirm again 1.56 as support and today we can clearly see that dips are bought I expect a break up sooner rather than later and only a daily close under support will negate this bullish scenario
Long
by Mihai_Iacob
11
EUR/AUD 4HR BUY SET UPHi TRADERS this is my trade set up for the EUR/AUD for the new week ahead i am expecting the EUR/AUD to continue bullish this week I have noticed a dragonfly Doji on the weekly, wait for pullback into the order block zones and i will be looking for a buy trade only, if it meets your criteria for a trade then execute This is my analysis only please trade with caution and risk management in place good luck for this weeks trading please like and comment both are welcome
Long
by Costy13
EURAUD: Fake BreakoutI believe we may be witnessing a fake trendline breakout here on EURAUD due to the fact that the main demand is still being rejected. We created EQL's within the demand which has now been liquidated, this could be enough liquidity for the banks to make a buy move. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! --------------------------------------------------------------------------------------------------------
Long
by AlkalineFX
10
EURAUD LONG 900+ pips?!Looking for EURAUD to reverse now and gain bullish momentum. We have seen a break of structure (bos) and have tapped into the last daily down candle before the impulse up. Would like to see bullish price action from now. I have two potential entry areas shown on my chart. Looking to risk 1% on the first entry and 2% on the 2nd resulting in a maximum loss of 3%. Potential take profit areas are also shown with purple lines. This trade could take a couple of weeks to play out and reach the final TP so bare that in mind as it is a long term swing trade. DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose. Trading live carries risk and you may make money or lose some or all of your capital. I am not liable for any gains or losses made
Long
by Turtlesoup_Maestro
2