Euraudlong
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.
EURAUD | Falling WedgeEURAUD is trading in falling wedge making lower highs lower lows. This pattern is bullish reversal, so a buy on dip is suggested with stoploss in place below support. We expect bulls to be active and push the price to atleast mentioned zone.
To negate this view, the bears should break the support and void the bulls power.
Trade your levels accordingly.
EUR/AUD BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup!
Notice: Keep your risk low due to the current tension in the market.
EUR/AUD: Day-Swingtrade-Execution
Market-Buy-Order: 1.59345
Stop-Loss: 1.58810
Point of Risk-Reduction: 1.59895
Take-Profit: 1.61560
Stop-Loss: 55 pips
Risk: 0,5% -1%
Risk-Reward: 4,0
Always add your brokers spread to the stop-loss!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Long EURAUDAfter clearly placing the support and resistance zones, I can see that price has moved into a second ascending parallel channel. First support zone has been respected since May 2017. Middle support zone has been respected since Jan 2019 and both continue to be respected in the present. Since October 2021, this pair started to recreate a similar formation as March 2021 which leads me to believe that price is going to reject of the latest trend and long towards 1.61600. Zoom out to weekly chart to see clearer picture, then zoom into daily chart to see more in detail.
Potential for a 1:50 RR Long on EURAUDAfter a bearish 2 weeks we had witness a substantial break of structure on 10 February 2022. Structure broke to the upside, creating higher highs after reacting from a daily chart demand zone. I will be looking at a double confirmed entry from an order block that was created from the mitigation of the order block that caused the initial break of structure. I will be targeting the high in the 4H/Daily range. I am risking 1% of my account, with the potential to gain 50%.
EUR/AUD with a potential buy!Hey tradomaniacs,
looking at EUR/AUD we`ve seen a strong externded rally above the trandchannel due to the risk-okk in equities.
We are now facing a potential buy as soon as risk-off continues.
Only do so if stock-rally gets destroyed by a high CPI.
Risk-Off usually boosts EUR/AUD as AUD/USD tends to suffer more than EUR/USD during a sell-off in equities❗️
What do yu think?