EUR/AUD EUR / AUD follows the path we said. And what we saw based on a larger timeframe. We still have autumn buy and sell positions.
Euraudlong
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
EURAUD Long IdeaEURAUD looks like an amazing Buy, Double Bottom, Failure to close below previous low and a break of structure. Will be looking to enter a buy position upon the retest of the trend line
EURAUD Can Retrace Till 1.63430Hello Traders,
I have buying idea on the basis of following confluences.
1. Demand Zone
2. Weekly Engulfing Candle
3. Price Rejection
Our Targets are based on Fibo Retracement 38% and 61% (Golden Ratio)
Good Luck
EURAUD LONGWaiting for price to pull back to the demand area of 1.56000 which is also the low of the previous week. Target is in the 1.61200 supply area.
$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.
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)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
EURAUD ANALYSISEURAUD ANALYSIS
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Idea is not the financial advice!
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.
