Get started

Euraudsetup

EURAUD | Don't miss this buy opportunity.When it comes to the technical analysis of EURAUD , you might get an impulse to the upside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a buy opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area. And also don't forget to place the stop just below the entry area. Just in case, if it breaks the support area, better don't go short; wait for the next support area(BEST ENTRY AREA 2). What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by maxprofwizard
2
EURAUD 4Hr Multiple Opportunities Short As is, EURAUD is trading below previous Buy-zone. For successful Short trade, rejection confirmation is necessary at prices 1.56045 and 1.55832 However! A very important point to note: Price is ALREADY INSIDE A Monthly timeframe BUY-ZONE, ie 1.53609 | 1.56976 IS Buy-zone for Target 1.63463. This makes 1.54173 | 1.53609 zone have Confluence of Support. Therefore, for this SHORT-TERM Short trade to be a success: Confirm rejection to the downside at prices 1.56045 and 1.55832 Be aware that Buyers are exceptionally heavy at 1.54173 | 1.53609 zone--- Meaning, this is a zone where Long entries can be executed using confirmations. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
Short
by legacyliked
3