Euraudlong
EURAUD long presents POW reversal strategy in use here for this trade.
Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
Previous trades can be seen on chart also.
As with every idea trade history and log can be seen at the foot of this trade idea too for full transparency.
The report box tabs when pressed it shows all you need to know about the strategy performance.
You as the viewer of this idea can also do that so go ahead and have a play.
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Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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The stats for this pair are shown below too.
Thank you.
Darren
EurAud- Trade updateYesterday I was wondering if we have a higher low in place for EurAud, and it looks like this at this moment with the pair putting in a morning star candle formation on our daily chart.
However, 1.5600 has proven to be strong resistance and sellers were strong here so far.
In order to continue to my 1.59 target, EurAud needs a daily close above this resistance.
Also, 1.57 zone will act like interim resistance
EurAud- Towards my 1.59 target?After the recent low slightly under 1.54 from the end of October, EurAud has started to trade higher and managed to break above 1.56 resistance early this month.
Now the pair is consolidating and forming a pennant and a break of the resistance trend line could lead to more gains and we can see EurAud testing 1.59 resistance
I'm bullish as long as the price is above 1.56
EUR/AUD BUY TRADEHi everyone this is my trade set up for the EUR/AUD
This is my analysis only please trade with caution and risk management in place
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
good luck for this weeks trading
please like and comment both are welcome
Wait for a buying opportunity with EURAUDH2 time frame.
Structure: The descending channel has been broken.
The key level of the descending channel at 1.55300 has been broken.
Waiting for the price to return to this support zone to confirm the uptrend and appear bullish reversal patterns, you can find buying opportunities.
The profit target is the 1.59000 price zone.
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Wish you all have a good trading day!
EurAud- Strong reversal from supportSince 22 September, EurAud has dropped almost linearly and the price fell almost 1000 pips and has reached 1.6350.
This zone is a strong support one at this point and acted as such in the past 4 years.
I expect this support to hold once more and the pair to rise and challenge 1.69 resistance
Dips against 1.6350 should be bought