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Euruaud

EURAUD - Monster Move Hey traders, EURAUD has been moving correctively for almost one year. According to Elliot Waves, the type of correction that has made is an irregular flat correction that consists of 3 waves: Wave A= 3 waves Wave B =3 waves Wave C = 5 waves Wave C is an ending diagonal = Reversal will happen. In addition to that, we are seeing nice divergence which indicates price is going to reverse soon. LONG Setup: - Watch break of 4H 50 EMA for entry - Stoploss : Below 0.382 fib - Targets: 1.70 ( 900 pips ) and 1.78 ( 1700 pips ) Check 4H chart for entry Goodluck and trade safe!
by Tradenessfx
EUR/AUD H4 | Potential bearish reversalEUR/AUD could rise towards a pullback resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 1.65590 Why we like it: There is a pullback resistance level Stop Loss: 1.65909 Why we like it: There is a pullback resistance that sits above the 50.0% Fibonacci retracement level Take Profit: 1.64503 Why we like it: There is a pullback support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
1
EURAUD bounce or breakEURAUD is approaching a weekly trendline where it will either bounce or break through. Personally, looking at price action, I believe price will break through and fall to around 1.5800 before retracing back up to retest the trendline as resistance at around 1.6000. However if price bounces we could see it coming back up to the liquidation zone at around 1.6300. My confluences telling me price will break the trendline are: Head and shoulders formed and neckline retested. Daily 20ema and 50ema have crossed over showing potential of further bearish pressure. Lots of bearish momentum as price approaches trendline. However before looking for shorts price still has to break the trendline and also the weekly 50ema. I will be keeping eyes on this pair.
by andrewlickley