Euraudlong
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?
EUR/AUD New 2 Long Setups To Get At Least 200 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
EURUAD 4h timeframe longs into 1.6162EURUAD 4h timeframe we could get into longs the market could go higher into 1.6162 level which was previous highs of December which was touched and then market went into bearish and it dropped back down we can look into retests of those areas once again and re-touch of those levels again in my opinion if not the market remains bearish as it is on my two other charts,
EurAud- Where is my buy zone?In the past 2 weeks, I draw attention to EurAud and said that a break above 1.5850-1.59 resistance is probable and, in that case, the pair could rise to the next 1.62 resistance.
This happened on Friday...
In my opinion, the trend for EurAud is up and we should look for opportunities to buy.
Looking at the chart we see that the pair is retracing some of the up move, which is normal after a 400 pips rise in 3 days.
This should offer bulls an opportunity to join the trend and a good place for buys is around 1.6 figure.
EURAUD Long OpportunityHere is my analysis for EURAUD for the upcoming week, wait for price to pullback to retest SUPPORT and take a long up to the next resistance area where we can expect a sell.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND?
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
EUR/AUD Running In 120 Pips From Last Analysis , New UpdateThis 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 LONG 1H TFPrice is still bullish on the Daily TF.
Price also just test the lower trendline in the price channel, also formed an inverted H&S pattern.
The RSI and MACD on the 1H also suggest a move to the upside.
I expect price to break and retest the current resistance level on the 1H TF and continue to the upside to test the higher resistance level.
Disclaimer: This is in no way trading or financial advice.
Please like & follow if you find this analysis helpful. Cheers!
EUR/AUD long positionconfluence based on:
market structure
fib zones
Support zones (Seen by green lines)
Candlestick pattern (awaiting buyers in the market)
Once confluence is seen on H4 will go to lower timeframes (30/5 min) and await further bullish momentum for entries.
Also keep in mind news (fundementals) as price will either hit SL alot faster or TP will be hit faster.
lot sizes dependant on area of retracement, the lower the price reversal zone the higher the lot size.