Get started

Euraudsell

EURAUD - WEEKLY SWING - 13. AUGUST 2018WELCOME TO DACAPITAL TRADING!! EURAUD just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Bullish start into the week taking out short-term sellers before heading down DAILY Sideways consideration with a lot of strong pins WEEKLY Bearish movement right now with a lot of sellers pressure LEVELS SELL EURAUD @ 1.56740 SL @ 1.57530 (80 Pips) TP1 @ 1.55890 (90 Pips) TP2 @ 1.55580 (120 Pips) MOVE SL TO BE @ HIT OF 88.6 FIB! Weekly Wave Swing, Close 3/4 Position at Hit of TP1! Enjoy our limited Free Content and Setups, leave us a like and Comment!! DACAPITAL TRADING
Short
by DACapitalTrading
10
EUR/AUD - 350 Pips+ Short Opportunity - ReversalEUR/AUD has been in a consolidation area for about a week and seems to have taken the impact from the last uptrend. As we can tell from our indicators, this pair does not seem to have the steam left to go further high. Thus, we can open a short position for the reversal of this pair back to 1.54. Our Stop Loss needs to be higher than the last highs. Recommended at 1.59. If the pair fails to break down and begins to show some sign of strenght, which I don't expect to, then open a long position. Until now, from the looks of it, this pair seems very week and the resistence has acted well. The impact has been taken, and a reversal is imminent. Happy trading!
Short
by MoolahMaker
2
EUR/AUD chart: 3 crucial factors to pay attention toCommentary provided today is aimed at understanding the 3 important things to keep in mind when trading and/or investing in the EURAUD. The Daily timeframe chart below captures price action from ~ August 21, 2015 till present date. Chart patterns, (which includes trend lines) are utilized in this analysis to point out 3 key areas to pay attention to that are numbered on the EURAUD chart. These are discussed below: (1) The bearish trendline in the EURUAUD that is established by price rejecting approximately 1.65885 and 1.61835 on August 25, 2018 and March 28, 2018 respectively. A close above ~1.62486 would imply resumption of the uptrend in the EURAUD. (2) A rising diagonal pattern (wedge) as drawn here captures price between June 5, 2017 and March 22, 2018. This indicates exhaustion and a break outside of the wedge eventually resulted price moving back to support (i.e. number 3) which is discussed next. (3) Price between 1.53175 and 1.51352 should be watched closely as it indicates support for the EURAUD. Retracement in price action after exiting the wedge found support in this area on January 10, 2018 with another successful test of support on June 6, 2018. Use of at least 2 pivots to connect or draw a valid trendline therefore implies that the top of the support area (1.53175) is indeed valid and any EURAUD investing and/or trading must be aware of price remaining range bound to uptrend for now.
by Coin_Analyst
EURAUD Decision Zone EURAUD moving into important decision zone. With the previous uptrend being broken with strength we hypothesize this recent up-move is simply counter-trend to set a lower-high, with price being at an ideal location for that lower-high to be created. A selling opportunity will present itself upon a break of this counter-TL as well as a break of the previous counter-trend low. We will then look for price to pull back to the last counter-trend low for entry with stops above counter-trend highs. Target One circa 1.5500. Target Two circa 1.5400 - 1.5350 just before weekly structure / decision zone. 1.5650 could prove to be a tough price to break, but if broken, I will have high confidence in the trade reaching Target One & increased probability of reaching the weekly decision zone.
Short
by apaqu
Short trade on EURAUDHi all, i've been looking at this pair over the last days, and it finally turned into a trading opportunity right now. The blue zone is a structure zone in which price has lately been very sensitive and it's also been a zone in which price has gone overbought on the 4hr chart, also creating a short candlestick with an engulfing candle. Moreover, on the hourly timeframe price has created a strong bearish leg, which signifies selling pressure. A conservative trader would wait for a break of the hourly support, i'm entering now because my trading rules are met. If you have questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Short setup on EURAUDHi all, i've been looking at this pair over the last days, and it finally turned into a trading opportunity right now. The blue zone is a structure zone in which price has lately been very sensitive and it's also been a zone in which price has gone overbought on the 4hr chart, also creating a short candlestick with an engulfing candle. Moreover, on the hourly timeframe price has created a strong bearish leg, which signifies selling pressure. A conservative trader would wait for a break of the hourly support, i'm entering now because my trading rules are met. If you have questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
EURAUD testing major support, prepare for a potential bounce!EURAUD is testing major support at 1.5772 (long term ascending support line, Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur at this level pushing price all the way up to major resistance at 1.6137 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance). We identified second support at 1.5632 which is right below major 50% retracement and swing low support). Stochastic (55,5,3) is seeing major support above 2.6% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill