Midterm forecast:
While the price is below the resistance 1.6190, resumption of downtrend is expected.
We make sure when the support at 1.5275 breaks.
If the resistance at 1.6190 is broken, the short-term forecast -resumption of downtrend- will be invalid.
Trading suggestion:
There is a possibility of temporary retracement to suggested resistance zone (1.5825 to ...
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Hi there, EURAUD is entering in a good SELL zone.
This is a long term bearish trade.
1) head & shoulders formation
2) ascending trendline became resistance
I love such entries because risk-reward is good.
GOOD LUCK and take entry according to your balance.
Please support our setups with your likes, comments and by ...
Price has broken a strong daily support, it has wicked and tested area once. It has setup for a nice short, with a great R:R.
Targets and stop loss are on chart.
*Risk management is KEY!
The 4 hour timeframe of the EURAUD is shown in this analysis with price action from March 28, 2018 till present date. The EURAUD between June 25, 2018 and July 30, 2018 did complete a complex head and shoulder top pattern that confirmed at ~1.57239.
The other valid chart pattern that is present in the region discussed above is a Triple top that also confirmed ...
EURAUD SELL
Entry: 1.5695 - 1.5705
SL: 1.5755
TP1: 1.5650
TP2: 1.5595
TP3: 1.5550
TP4: 1.5500
TP5: 1.5450
Risking 50-60 PIPS
• All ideas are at your own risk. Please use the appropriate risk management. We suggest never risking more than 5% of your balance in a trade. Trade carries a great risk, be careful! Loss streaks come as easy as winning streaks. If you use ...
EURAUD is testing its resistance at 1.5700 (61.8% & 100% Fibonacci extension, 50% & 38.2% & 61.8% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.5597 (horizontal swing low support) could occur.
Stochastic (89, 5, 3) is approaching its resistance at 92% where a corresponding drop could occur.
Sell below 1.5700.
Stop loss at 1.5778.
Take profit at 1.5597.
Reason for the trading strategy (technically):
EURAUD is testing its resistance at 1.5700 (61.8% & 100% Fibonacci extension, 50% & 38.2% & 61.8% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.5597 (horizontal swing low support) is expected.
Stochastic (89, ...
Hi guys,
I hope you enjoyed your weekend!
Back this morning with a new idea. EUR/AUD is currently developing a nice bearish flag.
Entry prices and targets are mentioned in my idea.
Please feel free to like/comment my ideas.
Best,
Jesse
WELCOME TO DACAPITAL TRADING!!
EURAUD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Bullish start into the week taking out short-term sellers before heading down
DAILY
Sideways consideration with a lot of strong pins
WEEKLY
Bearish movement right now with a lot of sellers pressure
LEVELS
SELL EURAUD @ 1.56740
SL @ ...
Trade active last night as price rejected the broken range (1.57000) with a doji reversal candlestick as new resistance. Lower high complete after price has broken its bullish channel, & is now ready to make a new lower low in the upcoming weeks holding a lot of bearish momentum!
Completed RECTANGLE and break neck line
Find any pull back to short FX:EURAUD and hold
if you don't want to miss the trade short now and sell limit at 1.56870
