Euraudtradingsetup
EURAUD H4 *Ranging*At the moment we have this pair ranging after it's trend line breakout on Friday creating uncertainty whether it will return to the downside or not. Patience patience patience, let it breakout to either side of the box THEN enter!
EURAUD - LONG TERM BUY WEEKLYEur/Aud - Weekly chart - I see a break of trend structure on weekly chart so I am expecting bullish moves from this pair now. Looks like we may have created a higher low on weekly chart. great risk to reward.
BreakageFor the previous days, the EURAUD pair has been continuously consolidating few pips above the support-now-resistance area. Due to the unwillingness of the bulls to fight on, it was hugely followed by a series of bear attacks. This of course, after another formation of inside bar, has made me point out to enter a short position for a quick trade.
EURAUDOur preference: position bought above 1.4820 with targets at 1.4950 & 1.4990 in extension.
Alternative scenario: in break of 1,4820, a continuation of the decrease will be envisageable with 1,4775 & 1,4720 in line of sight.
Comment: The RSI is well oriented.
EURAUD long based on Mongerskit Trading System We have a buy signal generated on EURAUD supported by our technical analysis.
Incase of a pullback, we expect a retest of the daily support and a rally to top.
EURAUD AT TOP OF TREND CHANNELLooking for some downside here in the EURAUD since it has made its way to the channel upper trend line. The time to consider short trades is at this point with a target of the channel lower trend line.
EUR AUD bounce down to jump to 1.425If this demand level still have buyers, no supply on a way to 1.425
EURAUD: Expanded Triangle?!Hello traders!
Hope everyone is having a great trading week.
This is a very short term trade setup that I can see forming - as you can see an expanded triangle is currently in the process to complete to make new highs.
Lets see how this forms :)
short EURAUD @ 30 min. @ trading capability this 52nd week `16This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
