Euraudsetup
EURAUD, Strong Bullish Possibilities.? As salam alaikum
Already shared Monthly Analysis two days ago.
Few of you have asked me about Lower TimeFrame so here you go.
T.A Review:
Bearish Channel on Monthly TF
Strong DOJI at Monthly TF
Bullish Channel on Daily TF
1.56 seems to be demand zone.
All are indicating Bullish Movementum
F.A Review:
We've got a busy week. EUR might
manipulate vigorously.
Dollar Strength and Covid-19 can't
be ignored.
T.A indicating BULLISH but AUD & EUR both
are BEARISH Fundamentally.
But eventually we've to be patience and
watch 1.55 zone more closely.
EURAUD, Waiting For Fundamentals..!As salam alaikum
T.A Review:
Bearish Channel
Strong DOJI at Monthly
1.56 seems to be demand zone.
All are indicating Bullish Movementum
F.A Review:
We've got a busy week. EUR might
manipulate vigorously.
Dollar Strength and Covid-19 can't
be ignored.
T.A indicating BULLISH but AUD & EUR both
are BEARISH Fundamentally.
But eventually we've to be patience and
watch 1.55 zone more closely.
EURAUD – Short Term Sell OpportunityEURAUD is clearly in the middle of a downtrend. Its now forming a clear 3-touch expanding structure with the last leg appear to be a false break to grab liquidity (catching people on the wrong sidee of the market). After breking outside of the structure, its completely retrace back into the structure and forming a bearish continuation structure.
I’m not setting a stop order at the break of this bearish cont. flag, targetting to at leash the bottom of this expanding structure with more target to the downside that is still need to be seen on how the price behave and develop at that area.
One thing to take note is i just view this trade as a short term trade opportunity, so we must be more careful with this position, as I’m expecting a broad weakness across all AUD and NZD pairs to play out in the long term.
For now, let’s see how will this pair develop, good luck..
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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EUR/AUD PAIR BREAKDOWN👋 Hey there traders, and welcome to a brand new pair breakdown!
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EUR/AUD Long Setup Retail Accumulation Raid On Liquidity RR 1:7%Looking at this as a possible long entry on EUR/AUD. We can see that we have made relative equal highs in two clean areas and the third tap of a trendline indicating from a retail perspective to short this market leaving a lot of liquidity to be raided to the upside also, a nice 5-minute head and shoulders was created enticing more retail traders to short. Good risk-reward setup.
EUR/AUD: long trade setuphi !
happy 2021 and best wishes for your well being
suggested level to open the position: 1.5870
timing to open: with the market opening Sunday US afternoon, Africa/European night or Monday morning if in Asia/Pacific :)
time frame: the coming week
those are guidelines for the general trade setup and the risk management with it.
any questions, feel free to ask!
good luck
EurAud- Bulls needs to conquer 1.62Yesterday EurAud had a false break under 1.6150 important support which was reversed quickly after.
At this point, we have a higher low in place exactly in this support and the pair looks very well bided.
A break above 1.62 would confirm that the pair could correct further and gains should accelerate to 1.6350 resistance.
I will stay bullish as long as yesterday's low is intact
EurAud- I say bullishAfter finding a bottom in the important 1.6150 zone support, EurAud rebounded around 200 pips.
Now the pair is trading in a congestion range forming a symmetrical triangle and, although triangles are a continuation pattern, I expect the break to be on the upside in this case.
1.63 is the zone that should be conquered by bulls and a daily close above would accelerate gains towards and above 1.65
As long as the pair stays above 1.6150 I'm bullish