EURAUD - Short Sell With SL&TP=> EURAUD: Short Sell <=
=> Entry: 1.6225
=> 1st SL: 1.6250
=> 2nd SL: 1.6300
=> 1st TP: 1.6210
=> 2nd TP: 1.6195
=> 3rd TP: 1.6180
=> 4th TP:1.6105
Euraudforecast
EURAUDTHIS TRADE HAS BEEN HOOK BTW RESISTANCE AND SUPPORT FOR A WHILE BUT AM THINKING IT GONNA COME DOWN TO HIT THE RESISTANCE FOR THE LAST TIME AND SHOOT UP....
EurAud- towards 1.6 important support?From the August top, AudUsd was trading downwards, with 4 lower highs and clear support at 1.6.
A daily close under 1.62 would announce a false break and would open the door for the 1.6 important psychological support
Strategy:
Sell the break
SL @ 1.6330
TP @ 1.6
Is it EUR/AUD getting ready for more bullish moves?After brief consolidation the EUR/AUD’s rise from 1.5976 resumed and intraday bias is back on the upside. Friday’s daily candle came out as a bullish Marubozu candle, which indicates that the buyers are in control. Additionally, the today breakout on daily chart above Friday’s high may push the price upside with good bullish momentum.
But the H4 chart shows that after being very bullish, the price retreated a little bit. The pair may find resistance at the level of 1.6310 (24th October's high). Further rally should be seen to 1.6432 resistance first. Sustained move above this level will pave the way to retest 1.6787 high.
If the downward correction keeps, it may come up to 1.6202 to find its support. A clear breakout below 1.6202 minor support will turn bias back to the downside for testing 1.6150 (100-day SMA on H4), followed by 1.5976 key support zone. The H4 RSI was in overbought area which is indicative that the underlying momentum is positive for the AUD relative to the EUR.
In the bigger picture, as long as 1.5895 support (the triple bottom since July) holds, outlook remains bullish.
We prefer upside momentum and buying opportunities on the declines. So, in short-term look for Sell at the current level with TP at 1.6205 and Stop Loss around 1.6305. On daily chart waiting the long positions to hit the target 1.6435.
What's your strategy for that pair?
EUR/AUD Head & Shoulder PatternEUR/AUD is likely to form a Head & Shoulder pattern on the 4hr chart.
Expecting price to drop , waiting for price action to confirm.
Focus Time Frame: 4H/1H
Market Condition
1D Short Term: Downtrend
1D Long Term: Uptrend
#EURAUD, The strengthening of the Australian dollarSignificant Decline (H4 Graph Time).
Stochastic with the red line above the blue line (the bear's dominate).
The red line above the green line inside the Ichimoku cloud which is a sign of continued declines.
Target: 1.5980
EURAUD SHORT - IF CLOSURE BELOW 1.62000 If we get that closure, we are headed to 1.61600 and then 1.61000.
EURAUD Sell PosisibilityWaiting for full breakout the minor trend line. If the price break the line then we can take short position.
EURAUD Short Trade Opportunity... Full analysis on screenPrice is up against some heavy resistance @1.63 and we can also see that Bearish momentum is increasing so I guess we will see a further decline in Price in the next few days. Crucial is a break of the trend line on the other hand if there is a break of the counter trend line I will close the trade manually. I hope my on screen analysis is clear but if not feel free to ask me in the comments below.
EURAUD 15Min forecastwe expect euraud to retouch the resistance zone then push down to the next zone
#EURAUD, We have reached a very strategic areaAs you can see in the graph above the euraud has reached a very strong support line.
In the last 3 times that euraud has touched the above support line the price has exploded upwards by 800 pips on average.
Target: 1.6250
EURAUD CLOSE ABOVE 1.64250 CAN PROVIDE LONGS TO 1.66900 An ideal entry is a break and close above 1.64250. We can see that price has created support at previous resistance 1.63200. We have also broke outside of a key daily descending trend-line. We have a pretty tight stop loss. Even if we don't get a move all the way to 1.66900, we can gain profits from moves to 1.64857, 1.65600, etc.
#EURAUD, The bulls are here to stayA definite upward trend.
After the euraud peaked at 1.66 the currency responded with a normal correction and the euraud stopped just in support in 16343.
If you want to get into a strong trend the ideal price comes after significant 300-pips repairs as in the above case.
Target: 1.6680
EURAUD melting downAfter that huge rejection candle marked on the rectangle the price action has been a bit choppy for a few days having retested the resistance area twice. After yesterdays bearish engulfing candle today the pair has broken the support and I expect it to reach the 1.605 area (support not retested in the uptrend movement)
This is how I have played this trade (already active) :
The pair broke that minor area of support (thick blue line) and it restested it, I entered after that little rejection candle marked with an arrow.
I am shorting EUR/AUDFX_IDC:EURAUD I am shorting EUR/AUD AT 1.63850, This can be seen from the 4hour chart the graph can't seem to break above the previous support which will lead me to sell this pair, and my target is illustrated on the chart get in, hop on, we go all the way down
#EURAUD, Continues to be powerfulIn principle, this signal could be sent first at 1.65, even now it remains a good time.
The euraud broke serious resistance in 1.6343 as can be seen in the graph above.
The euraud in a very positive trend
The candles located above the cloud and all other signs of the Ichimoku indicate continued ascents.
Target: 1.6850.
