🏛EUR_AUD has retested a wide demand level
And broke out of the channel on the lower timeframes
Which creates a bullish bias
And I think that the pair will go up to retest the local high
LONG🚀
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Hello,Traders!
EUR-AUD broke out of the falling local channel
After retesting a rising support line
And I am expecting a move up
Towards the local resistance level
Buy!
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On the EURAUD chart, we can see that it is currently going on a crazy bull run and is respecting its strong trend.
We will wait for it to retrace back to the support level i have marked on the chart @ 1.59676 and we will be waiting for blast off! We also have a Double Bottom pattern that has formed which also confirms that it is a buy and will definitely go...
EURAUD holding above both moving average support and ascending trendline support, showing that price is still holding within a bullish environment. A bounce above our Entry at 1.59120 where we have 651.8% Fibonacci retracement towards 50% Fibonacci retracement and graphical overlap resistance at 1.60249 could be possible.
Any opinions, news, research, analyses,...
The price tested the resistance formed within the price channel on an uptrend. The currency pair is working out the level and is being turned off. I'm waiting for a breakdown of resistance on retest. Medium-term target resistance 1.697
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
EURAUD daily time frame, we can see a recent resistance and an Ascending channel breakout on the upside, and also the price is standing upside from the MA 200 as well. Currently, the price is testing its previous recent low price and creating demand for further up. We are going to open a long position from the current price.
Why are we entering?
- Price is at channel support
- We have previous structure at the channel support area
- We are expecting EUR to strengthen for the short to medium term
What are we waiting for to happen?
- Waiting for one 4H candle to signal bullish pressure
- EUR index to reject structure level
What is our confirmation?
- 4H bullish candle
- lower...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
EURAUD is sitting around a daily resistance in blue we will be looking for sell setups on lower timeframes.
on H4: EURAUD is forming a wedge pattern in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in...
Hello,Traders!
EUR-AUD broke the key level
And in one strong move
Has reached a horizontal resistance level
From where I am expecting a pullback
With the potential to retest the support below
Sell!
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EUR/AUD:
• If price impulses back down below the upper trend line of our most recent piece of structure, it does so in a convincing manor and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan...
Hey traders,
Here is our analysis on EURAUD.
The level where the price is trading right now is peculiar
and the price will most likely retrace from that.
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Here is our technical outlook on EURAUD.
Our analysis is based on current fundamental situation.
According to our chart EURAUD is trading within a support cluster.
Based on our technical analysis the price will go higher
to the next resistance level.
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Good morning, traders! We want to present you this opportunity in EUR/AUD, since today there was an interesting breakout, and there is the possibility of taking a trade in this direction.
🔸 Let's start by analyzing the weekly chart, to see where this bullish idea comes from:
🔸 As we can see, the price is in an upward...
🏛EUR_AUD is approaching a horizontal resistance
And given how overbought the pair is
I think that a pullback to retest the support below
Would be a natural thing for the pair to make
SHORT🔥
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EURAUD is above approaching buy entry, in line with 100% Fibonacci extension. Prices are expected to rally towards take profit, in line with 161.8% Fibonacci retracement and 61.8% Fibonacci extension. Alternatively, prices may fall to take support at stop loss, in line horizontal pullback support, and 50% Fibonacci retracement. EMA is holding below our prices and...
Here is our today's forecast on EURAUD.
Our analysis is based on purely technical outlook.
According to our chart EURAUD reached a strong support cluster.
Based on our analysis the price will go higher.
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