EURAUD analysisThe reasons i'd go long on this trade
CONFLUENCE:
1)Double bottom formed on a strong weekly support
2)Buying pressure
Good luck to everyone
Euraudlong
EURAUD- Trading Plan and ForecastingDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not a signal. it's my opinion. trade your own risk. and Must Follow Money management.
_______________________________________________________________________________________________________________________________________________________
Thank you for your support!
EUR/AUD 2 Trades And The Next Moves To Catch More Than 500 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
Take a long position on EURAUD 4HDescending channel broke up before but price has reached to it's lowest level and needs to come higher again and get back within the channel again. So in my opinion 70 to 100 pips is possible.
EURAUD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EUR/AUD New Analysis 2 Entries Available In This Video
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
EURAUD - BUYFeel free to follow me on tradingview for daily analysis! I upload daily analysis on tradingview if you agree with my content please drop a LIKE it really supports me to post more!
EUR/AUD GOING LONG ONCE PRICE HIT 1.56007EURAUD going short , price had been retesting the zone for a couple time , waiting for a retest before entering trade
EURAUD: The price is Confirming the DOUBLE BOTTOM PatternHi 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 :
Since the 2nd of February, the price has been following a strong downtrend, breaking through two S/R zones at about 1.57700 and 1.57000.
Few days ago, on the 8th of February, the price reached the main support at about 1.56000, re-testing the same zone twice, creating a possible double bottom pattern.
It is currently moving up trying to reach its next S/R zone at about 1.57000 and a clear pinbar on the main support could be a interesting sign of strong rejection.
🔴 Conclusion :
I'm confident to see a bullish movement, considering its previous strong downtrend, I think it's time to get a correction and my target would be the S/R zone at about 1.57900, matching with the 0.61% of Fibonacci retracement.
I'll be waiting the breakout of the level 1.57000, confirming the validity of the pattern and only after this condition I'll plan my long position 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 shows a clear double bottom pattern. We know that it is a powerful reversal pattern. The divergence theory is used in the awesome oscillator as an additional confirmation. It is illustrated below
EURAUD - LONG; Buy it up, right here!Like the title says.
Here is the other piece of this puzzle;
... already well under way.
EURAUD LONG SETUP4HREURAUD 4HR :
EURAUD once it crosses current resistance zone after retest then GO LONG ...
It will second resitance zone with Downwards Day trendline it it didn't respect then it should be Take Profit 1..
If it crossed trenline and retest then we can make another trade and then GO LONG
