Euraudlong
EURAUD TECHNICAL ANALYSIS +100 PIPS BULLISH MOVE, STRONG SUPPORTEURAUD failed to create a lower low creating a strong support at 1.55980. So now we can expect an inversion of the trend with the formation of higher highs and higher lows, the 100% confirm of the creation of a bullish structure is at the break of the bearish trend line respected correctly since December. Before entering for a buy i will wait for a clear retest of support at 1.56550.
EURAUD probability for 1.5870 targeteuraud daily inside bar dictating for short term reversal upside . 1.5870 short term target as trend is still bearish.
Bullish Shark PatternEURAUD BULLISH SHARK PATTERN
Market Buy Order Set Up.
Buy Entry: (1.56303)
Min Take-Profit: (1.56593)
Max Take-Profit: (1.56946)
Stop-Loss: (1.55807)
Max Risk-Reward: (1.30)
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EURAUD ANALYSISEURAUD ANALYSIS
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EUR/AUD: Shoulder Head Shoulder inverted; bullish!!!In this update, we see that EUR/AUD going up and break up this resistance line, so, we see that EUR/AUD have more possibilie to continue up toward the $1.5864 AUD, and we can to see a good opportunity to put a long position in this par.
Ok, looking out in Daily chart, maybe EUR/AUD it's trying to going up and then, we are going to ind up this EMAS 21 and 50.
At the moment, we hope that EUR/AUD it's confirm my pending level at $1.5730 AUD to put a long position in some hours. The only that I will need it's just a confimation to bought this par.
So, we are going to update this par and waiting for the opportunity in this trade.
EURAUD bull countHere, I breakdown the wave counts in a different timeframe to see the closer picture of this scenario. See full wave count below.
EURAUD W3 Jan 2021EURAUD
Long Setup
A shift of momentum could be seen to retest the broken structure
EURAUD Might Bounce Off From Here!!!Looking at today's candle, we managed to see a rejection off the support level @1.5700 price level. This is a crucial rejection as we start seeing price heading towards the trend support level and 261.8% fib level. I have identified a demand zone where I believe strong BULLISH pressure will be present. As of now, I am expecting price level to test the resistance level @1.5900 price level. After which, a breakout will bring price back up to 1.6160 level.
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EUR/AUD PAIR BREAKDOWN👋 Hey there traders, and welcome to a brand new pair breakdown!
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EUR/AUD Long Setup Retail Accumulation Raid On Liquidity RR 1:7%Looking at this as a possible long entry on EUR/AUD. We can see that we have made relative equal highs in two clean areas and the third tap of a trendline indicating from a retail perspective to short this market leaving a lot of liquidity to be raided to the upside also, a nice 5-minute head and shoulders was created enticing more retail traders to short. Good risk-reward setup.
