The pair is swinging nicely taking advantage of the strong euro . it has created a nice uptrend channel and seems to be ready to retest 1.60 and then 1.6255 .Technical indicators are bullish with macd getting ready to give a new buy signal.As a result i like to go long with sl 1.55 and target 1.60 and then 1.6250 .
If this pair can beat the level of a relatively strong support then I am expecting it to rise further towards the Summer highs. Especially after the recent news events that been driving the currency for the last week. Entry : 1.56460 (Breakout) Target: 1.60500 (Sort Term Support) Stop: 1.55450 (Summer Highs)
Buy Limit: 1.521 SL. 1.515 TP. 1.5285 1.53 1.5395 Target is towards Broken Trendline on Daily TF.
The small C corrective leg on H4 forming the 4th wave on the Daily Chart might end at the channel Support. Wait for confirmation at the channel support then go Long to complete the 5th wave on the Daily chart (1-2-3-4-5--A-B-C). Apply due dilligence
FX:EURAUD Breaking the H&S neck, the price must find some support below and test previous structure. If the price pull's back into the 61.8% retracement it can forge an 2618 trade setup, and that will give us a very nice trade that can sink the price around the weekly support or below it, close to the 224% extension from top to neck...
Watch for Price action before entering.
After a deep dive, a LONG way North again for a few pips, the divergence is clear and loud.
Hello Traders! Here is a perfect bullish gartley with 61.8 and 61.8 ratios on FX:EURAUD . If the market comes to 1.5605 it is a buy signal with the targets of 38.2 and 61.8, stops should go below 1.5515. Recently we had very nice harmonic patterns on this pair, which were triggered successfully, I assume this one will be profitable as well. -- Avto_T Financial...
This pair has been on a bullish trend with higher highs and higher Lows currently price broke above the minor weekly trend line and a minor resistance with a huge bullish candle. opened long position at 4 hour pin bar signal at the minor resistance now turned support. target 1 at 1.6500 target 2 at 1.7500 for new weekly higher highs.
FX:EURAUD Safe trades; open.spotify.com
Here are a couple trading opportunities for you shorter time frame traders. Bullish Bat and Gratley. Great risk/reward on both. Happy trading
Bat pattern already completed at the structure level and potential cypher pattern will be completed also at structure level , for me it's pattern confusion ! , but i think trading bat pattern (after candle confirmation) and putting take profit will be at 0.382 retracement of CD leg and stop loss will be under X with some room this give risk reward ratio 1.4 , i...
Now that we have surpassed the equal wave measurement for the purple degree, we can look to add to the position in anticipation of 1.53. The size of this position needs to be no greater than 40% the size of the original position (see link at the bottom). The risk to reward ratio is still good, but the 'easy' part of the move has surpassed and trading could get...
The longer view of the EUR/AUD suggests EUR out performance and/or AUD under performance for the next several months. It appears red wave was an ending diagonal. Therefore, the 1.36 low should be solid. Since the circle 5 low did not reach the lower trend line, this expresses some pent up energy available. Breakout trades to the long side are preferred. I...