piphunters
Long

EURAUD: Look out for big opportunties here

FX:EURAUD   Euro Fx/Australian Dollar
1561 20 37
The pair is approaching an important level, I am looking for possible buy entries here and the continuation of the up trend, but in the event of a confirmed break below it will give a short term sell opportunity.
Comment: got the first touch of the trend line today
Comment:
snapshot
Comment: As mentioned earlier in the chart I am looking for possible buy opportunity with confirmation to materialize either today or tomorrow.
From these two scenarios i most likely believe that price will move up.. It looks to me that we are in a corrective wave 4 and there is wave five to complete.. But i agree that if price breaks below the trendline sell is the way to go after a consolidation.. Keep the analysis up mate.. Great work you are doing..!
+1 Reply
piphunters Fxprotrader
Thanks mate, agree, I am also favoring the upside.
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Fxprotrader piphunters
Very good.. I personally have drawn a trendline as resistance to this down move and if price breaks it i will go long..
snapshot
+1 Reply
Fxprotrader Fxprotrader
This scenario might occur later in the chart, but if it's going to go up this is what i believe will happen.. Good luck mate, have a nice day..!
+1 Reply
piphunters Fxprotrader
nice, I am also watching it very closely
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I believe a good buy opportunity is coming! For me its more likely than a breakout.
+1 Reply
piphunters Piet.Hein
I am also looking for buy
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Yes indeed. Are you looking for a re-touch before entering?
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I will wait, it'll come down a little bit once more I believe.
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Marvin piphunters
I think so too. Here's my take on it.
EURAUD
+1 Reply
nice
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Im in too, lets surf it:

EURAUD Long - I
+1 Reply
piphunters Piet.Hein
good luck
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i think the move after the aussie rate news
+1 Reply
themarketzone PRO ArAlshammary
AUDUSD chart shows potential bullish move... perhaps after rate decision. I think that EUR will lead this pair higher.. Potential bull Flag in EURUSD. Waiting
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piphunters themarketzone
yes I agree EURO will help too.
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piphunters themarketzone
yes I agree EURO will help too.
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piphunters ArAlshammary
that may be a driving factor yes but to me even in these rate decisions also it all depends on how the market choose to react. You may take examples of market reactions historically, some are completely opposite to what you would expect like in the recent case of EURUSD with regard to ECB rate decision.
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Piet.Hein piphunters
hahaha never trust market.
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piphunters Piet.Hein
:)
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