Hey folks, As you see, EURAUD turned out exactly how we expected it to. Currently we're up around 50 pips, the entry wasn't the best but I'm ready to hold this for around 100-150 pips. If this retraces (as it should in Level 1), we might add another good entry.
Price reached the weekly resistance along with the retest of a previous broken long trend line. In the test of the weekly resistance the price broke, again, the long trend line and is now retesting it, but is already showing some rejection bearish candles. I`m waiting for a clear bearish price action to go short!
Hey folks, We have now entered EA sell: Price @1.62478 SL @1.63400 TP @1.60500 Nice 2/1 ratio. I went in with 1% risk. If this next 4H candle closes ABOVE 13 EMA I'm going to take a scratch and close! Strict rules following these trades :)
Hey everyone, Last week we had our projection for EURAUD looking at a nice trend reversal. As predicted for this week, the pair has come back to retest the recent highs. As of now, I'm waiting for a second hit to the high, otherwise I will not take the trade from the top. Let's wait and see what happens! If they move, we move.
EURAUD broke the channel and retracing now.. it is advised to enter after green candles are finish.. it'll be a good short... Please hit "LIKE" to support and follow for more ideas. Vinny
retracement bull 1.56700 61% fibonacci MA 50 H1 after short downtrend and dont forget watching the news lot of new for EUR and AUD this week watch out
EUR/AUD has broken down the 200 EMA and is currently in a bearish trend. An opportunity has presented itself to enter the bearish trend. As the price breaks the current support (1.56 area) it may continue down for the rest of the month until it finds a strong support. The long term bearish move is cancelled if the pair finds the strength to break the 1.57...
EUR/AUD has been in a consolidation area for about a week and seems to have taken the impact from the last uptrend. As we can tell from our indicators, this pair does not seem to have the steam left to go further high. Thus, we can open a short position for the reversal of this pair back to 1.54. Our Stop Loss needs to be higher than the last highs. Recommended...
ON THE WEEKLY CHART, PRICE BROKE OUT FROM THE ASCENDING WEDGE AND IS CURRENTLY DOING A PULLBACK FOR THE BIG MOVE ON THE DAILY PRICE BROKE OUT OF THE ASCENDING WEDGE (WHICH IS THE PULL BACK ON THE WEEKLY) AND HAS GONE INTO CONSOLIDATION i AM EXPECTING PRICE TO BREAK OUT OF THE BOX AND THEN i WILL SHORT THIS PAIR. MY EYES ARE ON THE 1.5700 AREA.
EURAUD broke out the uptrend line and just retested. It is very much likely that the market will retest the lows. Momentum indicators supporting the view, i am looking for sell setups for a target to the lows.
EURAUD is in a bearish trend according to our indicator, we can either sell at CMP or wait for a pullback.
Euro is still on the weak side for me this week along with the US Dollar and Pound. Nice simple set up here, hammer candle formation at a descending trend line. Target at fib extension, done.
Just Opened A EURAUD Trade, Basis Trend Continuation. SL at 1.6062 Levels and TP at 1.613 Levels
Price is testing major descending resistance at 1.5419 (bearish channel resistance, horizontal overlap resistance, 61.8% Fibonacci retracement) and a strong drop could possibly occur at this level to push price down towards 1.5285 support (Fibonacci extension, horizontal swing low support). Our next major level of resistance is at 1.5478 (78.6% Fibonacci...