Get started

Euraudidea

EUR/AUD Retrace Made, Short From ResistanceThis has made a good retrace, I would like to see it touch 0.5 Fibonacci ideally before dropping. MACD and EMA's have this on the verge of being bullish on this timeframe so I want to see these cross back lower before entering a trade. If they do not then this could continue higher to the next resistance level before dropping. I have set TP just below the previous low at 1.52278 although I see this continuing down to around 1.47273. To reach that second target I would likely take the profit and make a second trade after a retrace.
Short
by olly48
EUR/AUD SELL IDEAHey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! EUR/AUD: Day-Swingtrade-Preparation Market-Sell: 1,53100 Stop-Loss: 1,53910 Point of Risk-Reduction: 1,52500 Take-Profit: 1,50850 Stop-Loss: 81 pips Risk: 0,5% - 1% Risk-Reward: 2,8 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Short
by Trading2ez
7
EURAUD short trade ideaPlan: wait for the price to bounce off from resistance level (price rejection) --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
3
EURAUD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
EUR/AUD SELL IDEA Hey tradomaniacs, welcome to another free trading-setup. Notice: This is mean to be a preparation for you! as always we will have to wait for a confirmation! EUR/AUD: Daytrade-Preparation Market-Sell: 1,59200 Stop-Loss: 1,59650 Point Of Risk-Reduction: 1,58530 Take-Profit: 1,57800 Stop-Loss: 45 pips Risk: 0,5% - 1% Risk-Reward: 2,70 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me!
Short
by Trading2ez
2
EURAUD short trade ideaPlan: wait for the price to bounce off from trendline or resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
EURAUD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of EURAUD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 49 - Dec 01 M > Market has support of rising trend-line, price dropped to test monthly support again. W > After respecting upward resistance trend-line for some months price broke it to the upside before dropping to test rising support trend-line. Price has been dropping for past 5 weeks. D > Price broke support trend-line to the downside to test daily support and after a pull back dropped again with a false breakout. Price is now moving to the upside with strong rejection wicks at both end but has not yet created a HH. We can see strong bullish divergence and can expect upward move to continue. As per COT EUR saw addition of Long and closure of Short, increasing net positions. EXY has strengthened in past 2 weeks. AUD saw addition of both Long and Short, improving net positions (now in -ve). AXY ended in a Doji during the said period but strengthened to test monthly resistance again last week, we can expect AXY to weaken this week. For EUR Institutions, since August, have been reducing their portfolio of Long and increasing Short positions, with about 60K Long positions closed and 18K short positions opened so far. For AUD we have seen closure of Long and addition of Short in last couple of months, making net positions move from 16K to -05K. Strong EUR was unable to pull price of EURAUD to the upside hence AUD must weaken to drive the pair to upside, till then we can expect price to consolidate. 4H > After deceleration price started making an upward move last week but it must break downward resistance trend-line to the upside and create a HH to confirm bullish trend. We will get an opportunity to enter Long after price drops to create a LH. Pair Correlation > EURAUD has positive correlation with EURNZD and negative correlation with AUDCHF, AUDUSD, AUDJPY, and AUDCAD on daily time frame. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Long
by AP17FX