EURAUD: Daily downtrend expired at monthly support

FX:EURAUD   Euro / Australian Dollar
We have an interesting level below price in the Euro/Aussie cross. It might be interesting to enter longs around this zone, targetting a retest of 1.5225-1.5265 in the coming days. If you enter at market, you should factor in a one average range risk at the very minimum, but it might be safer to use a wider stop, or enter off a shorter timeframe setup.
Considering my long term analysis of the pair, this support level , if it holds, might send the price up strongly, being a big accumulation level, technically speaking.

Check out my updated track record here: http://pastebin.com/6CyyqnPT

If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.


Ivan Labrie

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.

Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance             on such information.
Comment: Good progress, this might be the start of the move.
Comment: You may add to longs with the same stop loss, risk 1/2 of your first entry.
Comment: I'm still bullish EURAUD, the bet is AUDUSD will fall faster than EURUSD. Let's see if we hit my target before flipping short again.
Trade closed manually: Out for now, need to see if EURUSD falls on Friday post NFP, it seems highly probable. This would render this idea useless if the monthly mode support fails. EURAUD would tumble despite AUD not rallying vs the dollar (in that event).
hello Ivan, any ideas on EURAUD and AUDUSD? I am irritated, Australia is downgraded and AUD is strengthening. Kind regards, Harry
Hi, I'm out of the long here. Watching, EURUSD might take a beating, so it might affect all EUR pairs soon.
AUD remains like a strong currency overall, possibly due to it being a good yielding currency, amidst droves of negative carry instruments.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out