EURAUD Looking LONGFor More Daily Detailed Analysis go ahead and Click the Follow Button..
Here we have our EURAUD chart...
The EUR has seen a Huge fall as of late delivering us to key buy zones amongst Higher TF support. This allows us to locate BUY zones and Trade with the Market as it turns taking gains on the upside.
Our upside Bias comes from NATURAL market moves and rules. Price is dead low and we can look to scale in over time. Price action entry levels will allow us to enter accurately.
Exits come at the Resistance level located.
Euraudlong
EURAUD ready for a bounce?It's a scary idea to stand in the way of a 7% move in less than 30 days (in the currency market!!!), but we are hitting some key extremes. The daily RSI is at levels that match 2012 and 2018 (oversold) levels. The AUDUSD pair is also testing the 200dma and a year long trend line (not pictured). The EURUSD is closing in on the 1.1000 big figure level (not pictured). Put it all together, the EURAUD may be at a level that could argue a counter trend bounce. The risk overnight may be a move below the 1.5000 level to trigger some near term sell stops, but a counter trend (very small size) long may be the play near term for a move back to the 1.5400 breakdown point.
Strong support could lead to reverse EURAUDGotta say it's been a pretty unique and strong down trend for a long time, but the reverse is possibly here. It looks like it's slowing down at the moment on a strong support level. I got a good feeling it will break trendline and go up any moment.
My goal will be on the top of the most recent decending trendline because the market tends to pull back to around that level.
EURAUD Long position daily chartEURAUD is approaching its crucial support zone marked with a blue horizontal channel.
I've marked a reversal candle (Hammer) with a white rectangle when it had taken support previously from the same levels.
Don't long as soon it comes in the zone. Wait for a reversal sign on a smaller timeframe- 4 hour.
Risk to reward is a little over 1:5. Pretty favourable I'd say.
Stop loss and target has been marked with horizontal blue lines on top and bottom.
EUR/AUD Detailed Analysis, Best Are To Buy It , To Get 500 Pips This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURAUD| EXPECT SOME BOUNCEEURAUD has reached to important support zone and a bounce is expected from it now. Since 25th Nov 2021 the pair is trading above this support zone. A little time it will spend here and falling trendline is the guague for bullish reversal.
Alternatively, breaking below the support will continue the bearish spell and expect more sell of from it.
Trade your levels accordingly.
EURAUD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURAUD | Breakout insightEURAUD, price has been in congestion for a long amount of time now and we are looking for breakout anytime now. Price is standing at good support and if breakout appears over trendline one can enter long in here.
Alternatively, break of support zone will calls bears back in the party and attempt short position from there.
Trade your levels accordingly.