Euraudtrade
EURAUD LONGCurrently in lower edge of wedge, expecting price to shoot up from here and test the top of the wedge.
EURAUD Short SignalI just set a sell limit with these parameters. Let me know if you take the trade as well.
Always use proper risk management!
EUR/AUD could FALL!Hey tradomaniacs,
after the previous breakout and retest of the trendchannel we could see another drop of EUR/AUD.
A bullish stockmarket is usually a great confirmation for that assumption as AUD/USD and NZD/USD tend to rise stronger than EUR/USD.
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Peace and good trades
Irasor
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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 is back at the bottom watch for buysEURAUD is back at the bottom watch for buys for long term tp 1.70
EURAUD is preparing for a wave to the upsideEuraud is on sideways market for now, but its preparing for a bigger upmove to the target 1.70, we have completed all waves on the downtrend, expect now price to rally
Watch lower time frames to add buy
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- Can it drop under support?Two days ago I was speaking about 1.6150 support and that EurAud can correct towards 1.65. This didn't happen, MORE, the pair had a false break above the triangle's resistance and now is trading just in pattern's support.
With Eur "not feeling good" at all and AUD being very strong a break under this support followed by a break under 1.62 can lead to the continuation of the downtrend and we can see the pair trading under 1.6 for the first time since the pandemic.
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
EUR/AUD Wave Analysis EUR/AUD Wave Analysis
The counter is correcting in an ABCDE formation.
It has completed wave D and is taking support at the trendline.
Further, the the stochastic oscillator is forming an inverted head and shoulder at the lows.
We expect the pair to move higher to complete wave E.
EurAud- bullish above 1.6150After beaking the falling wedge resistance last week, EurAud rose to 1.6350 zone
Now the pair came to confirm 1.6150 as support and we can assist in a new leg up for this pair
The first resistance is 1.6350 followed by 1.65 important zone
I favor longs
EurAud- In buy zoneOn Friday I've spoken about "buying dips" on EurAud.
Now the pair is trading in my predicted buy zone and a long trade around this level could;d have a 1:2 R:R
I'm looking to buy this pair
EurAud- Where to buy?From 1.68 recent top, EurAud had quite a drop reaching 1.61 zone and major support (see daily chart)
Now the pair broke above falling wedge resistance and there is a high probability to continue higher.
I'm looking to buy this pair and 1.6230-1.6250 zone could be a good place for longs
EURAUD - BUY AFTER FALSE BREAK OUT The price is returned for retest level - the previous touch of the level more than 6 month ago. moreover, a strict namber of false breakdowns.
Thank you very much and thank you to the responsive commentators for their understanding.
I spend my personal time tracking the market situation and share my opinion openly with you.
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EURAUD SELLInteresting trade I am looking at for EURAUD.
We made a huge dump from the demand turned supply zone, and we have started to recover from one of the previous demand zones.
This indicates to me personally that we will see a retest and rejection at this level and then a further dump back down to the demand zone (marked).
As always be cautious trading, especially with the sheer amount of high impact news that's coming out this week!
I WILL NOT be entering this trade without some clear bearish rejection of the supply zone and a shift downwards.
EURAUD - Buy position taken for a swing tradeeuraud ready to rally up from here according to its bullish weekly structure and risk on status. I see this pair rallying up 1000s of pips as the next drop happens in indices!
EurAud- Stop hunting and 1.7 after?After a false break of what should have been strong support at 1.6550-1.6600 zone (In my opinion stop hunting, and liquidity search for longs) EurAud finished the day with an immense bullish engulfing from the trend line support and above horizontal one.
I still have a target of 1.7 for this pair and corrections should be bought
EurAu- possible rise with double confirmationLast week EurAud broke violently above 1.66 resistance, accelerated and reached a local high at 1.68.
A normal correction followed and the pair come to confirm old resistance as new support.
Now the pair is trading upwards, also above the descending trendline and looks ready to resume its upward move.
Buy dips for this pair is my preferred strategy.
