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Euraudlong

EURAUD trend reversal Yesterday we saw the possibility of reversing the trend at EURCAD. Today we observe EURAUD. This week we saw a break, a higher bottom, and yesterday the price managed to make a higher peak. All this signals the depletion of the downward direction. This allows us to search for purchases to: 1.6020 and 1.6230 This scenario fails when the previous bottom breaks! If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
Long
by ForexTrendline
1
Possible trend shift in EURAUD – going longThe Tidal Shift Strategy has just bought EURAUD at 1.57401. The system recommends entering this trade at any price between 1.57167 and 1.57635. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.05131, which suggests that the EURAUD could be trending upwards.The 14-period Average True Range on a daily chart is 0.00187, so the stop loss has been set at 1.56464. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 74766 Time Issued: Monday, 25 January 2021 03:00:15 GMT Status: open Entry: 1.57167 - 1.57635 Limit: N/A Stop Loss: 1.56463 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
9
EURAUD: A great LONG Opportunity on this PULLBACKHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/AUD ⚪ Technical Analysis : In the weekly time frame, since the end of October 2020, the price has been moving with a strong downtrend and it has actually reached an interesting S/R zone at about 1.56500 that rejected the price many times in the past. In the daily time frame, the price got a double rejection on the level at about 1.56000 and it's now approaching to reach the next resistance zone at about 1.58550. In the h4 time frame, since the end of December 2020, the price has been following a strong descending channel, breaking through its dynamic resistance line just a couple of days ago. The next price action will be essential to understand the next market movement. 🔴 Conclusion : In my opinion, this is an interesting breakout that could be the beginning of a new trend. I'm confident to see the price moving up trying to reach the target on the next resistance zone at about 1.58600, but I'll be waiting for a re-testing of its dynamic S/R line before to plan and eventually entry long on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
10
$EURAUD BULLISH. Target 1.5995. EURAUD made a higher low and formed a double bottom pattern and fixed above the resistance of the pattern before market close, indicating a continuation of buying pressure for the week ahead. I entered when I saw a reversal happening at the 1.56 support zone and our position is +17% in profit so far. In addition, the market is finally above the ichimoku cloud and as you can see from the chart, it had been getting rejected by Senkou A (the top boundary of the cloud), multiple times and when it had broken out from it at the start of December, it was followed by a +1% increase. We had been oversold in this market and there was a bullish divergence forming on RSI and momentum, all to support the bullish argument for the pair. I will hold the position with a trailing stop until the target is reached. Follow me for more trade ideas and market analyses. Best, Umit *This is not investment advice.
Long
by UmitAbdulkasim
6