Head and shoulder formation on EURAUD. Long!Potential head and shoulder formation. Go long when price bounces off support line. Of course do your own analysis with other indicators and trade responsibly. Thumbs up if you like this!
Euraudlong
EURAUD Angle updateyes broke out to do over fifty pips this London session, re-entries being established now before it heads to key area.
EURAUD ANALYSISEURAUD ANALYSIS
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Idea is not the financial advice!
EURAUD Buy1. Long-term trend - price ranging sidewards.
2. In the shorter-term the downward trend is expected to reverse as the price is about to hit the SUPPORT level as well as the merging triangle pattern.
3. the price level is likely to bounce back and froth between the resistance levels, but is expected to keep rising in the next few weeks.
EURAUD (4H) LONGEUR/AUD is heading to a fundamental support area.
Support Range: Around 1.5967 - 1.60032
Potential Long Entry
Entry Price: As close to or in support range
Take Profit (TP) target:
TP 1: 1.60990 (immediate)
TP 2: 1.61162 (strong)
TP 3: Price hit trendline (Final)
Cut Loss:
When Support Range fails to hold.
EUR/AUD BUY IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation! As always we will have to wait for a confirmation!
EUR/AUD: Daytrade-Preparation
Notice: All trades are risky due to thin volume -> Sudden volatility can always appear.
Market-Buy: 1,61000
Stop-Loss: 1,60500
Point Of Risk-Reduction: 1,61460
Take-Profit: 0,76400
Stop-Loss: 50 pips
Risk: 0,5% - 1%
Risk-Reward: 2,22
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EURAUD buysLooking to see the EUR start picking up from an extreme low.
Swing trade... let’s see how this plays out.
Bought off a 4H bullish candle. At 2AM UK time.
EURAUD LONGCALLED OUT EURAUD LONG BEFORE ON MY PREVIOUS POST RAN INTO PROFIT NOW WE ARE RETESTING THE NECKLINE WHICH IS ANOTHER PRIME ENTRY FOR ME TO ADD MORE POSITIONS TRADE WISE USE RISK MANAGEMENT
EURAUD ANALYSISEURAUD ANALYSIS
Please consider to put a like to my idea for supporting me & subscribe for more ideas.
Idea is not the financial advice!
EURAUD - Bullish BiasEUR - BULLISH
1️⃣ Demand for riskier currencies was supported by signs of progress in post-Brexit trade deal talks and the prospect of additional fiscal stimulus in the US.
AUD - BEARISH
1️⃣ Heightened US-China tensions hit risk sentiment, following news that President Donald Trump is set to add around 80 more Chinese companies and their affiliates to the Commerce Department’s Entity List.
2️⃣ Market participants also digested news that the US FDA is expected to grant emergency use authorization for Moderna's virus vaccine on Friday after a panel of external advisers endorsed the company's vaccine candidate.
3️⃣ Negative sentiment weighing on the AUD.
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Technical
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We are buying the EURAUD above the support of 1.61000 + above the SMA 50 on the H1 chart.
