Euraudsell
BUY EURAUD AFTER PULLBACK From a weekly view, EURAUD is bullish and the bearish momentum we witnessed may be seen as a retracement of the weekly time frame.
Price is currently at a reversal level where we can potentially see price retrace to 1.61470 and from this point we may potentially see price move bullish to complete the move at 1.66422.
Aussie Swing Trade - EUR/AUD Ichimoku Sell Trade SetupEUR/AUD is down testing important price structure support and we have a good possible swing trade on our hands. For those that like to pay more attention to price structure patterns, this does resemble a larger sized head and shoulder pattern. We do have the future kumo twist started to bearish, a bearish TK cross, and chikou span is just shy of breaking through price to the downside. If we do get the break or price structure support with will coincide chikou span getting below and free of price. If we can get that break of price structure and hold below it, I'll enter my short. I've drawn out partial take profit levels on the way to longer term price structure support. If we fail to break support or form and hold a bearish trend, this setup may become invalidated.
EURAUD approaching support, potential for a bounce!
EURAUD is expected to drop to 1st support at 1.61012 where it could potentially react off and up to 1st resistance at 1.61633.
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EURAUD is in progress of head & shoulders pattern.EURAUD is in progress of head & shoulders pattern.
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Adil Khan
EURAUD potential reversal!
EURAUD expected to rise up to 1st resistance at 1.61451 where it could potentially react off and drop down to 1st support at 1.60992.
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EURAUD approaching resistance, look out for potential reversal!
EURAUD is approaching its resistance at 1.60559 where it is could reverse down to its support at 1.60056.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.