WELCOME TO DACAPITAL-TRADING! EURAUD FOREX BREAKDOWN 13 MAY 2019 1 HOUR Strong bullish movement towards previous highs and resistance 4 HOUR Bullish waving market found its resistance and need to drop now DAILY Overall way too bullish and need a pullback and reaction to the downside SWING SETUP SELL EURAUD ENTRY @ 1.61100 SL @ 1.61650 TP @ 1.59030 RR:...
Pattern: Channel Up on 4H. Signal: Bullish if the 1.6120 Resistance breaks. Target 1.61850 (potential peak of the inner Rising Wedge.
EURAUD is struggling at the RESISTANCE ZONE, indicated by the pink rectangle in the Chart. So, traders can look for SELL at 1.6100-1.6127 with SL above 1.6150. TPs can be set at 1.6000 and 1.5910 respectively
EURAUD been choppy on higher timeframes for some time now, failing to break above 1.61000 since the beginning of 2019. Will be looking for short entries as it breaks the ascending trendline.
Simple outlook on this pair price is following a range & has been stuck between support & resistance for some time now. Price now back at the top of the range, & has tested / rejected the 50 fibonacci retracement level with a upper wick rejection. Will wait for a break of the counter trendline to confirm that price will look to make its way back to the bottom of...
Complete pattern. This could make a small new high but do not take it. Just SHORTS.
Symbol: EUR.AUD - Euro / Australian Dollar Timeframe: Daily, 4-hour and 1-hour Predicted Direction: Short EUR.AUD - Euro / Australian Dollar updates will be available in the comments section below as price-action develops.
One of my favourite setups for the week...
Conformation: - weekly and daily candle stick, - indicator overbought area - resistance area
Price is reaching the 50% Fibonacci retracement level, and also we have resistance which is a key decision zone for a bearish bounce.
LOoking at EUR AUD we can see it spiked up heavily yesterday but shortly after the bearish momentum took over making price go back to the triple top and test it but shortly broke and we saw a drop of 60 pips+ inches from our 80 pip take profit but once we hit we'll look at entering again for the next target. TP : 1.59400 TP 1.58950