What goes up must come back down. This pair has been in an uptrend for weeks and now it is starting to show signs of reversal (H&S?? Triple top??). Sell the pair on the breakout of the trendline, or wait for a retest then ride it from there. Always use proper risk management!!! and Good Luck. TP: 650+ pips!!!
Hi guys, if you take a look at the daily chart of this pair you'll notice right now we're testing a previous structure level that acted as resistance in the past. Being the case, i want to look for reversal setup down on lower timeframes, such as 1hr and 4hr. As you go down on the 4hr chart, it's apparent price is having some troubles breaking through 1,5050 level...
Hi guys, if you take a look at the daily chart of this pair you'll notice right now we're testing a previous structure level that acted as resistance in the past. Being the case, i want to look for reversal setup down on lower timeframes, such as 1hr and 4hr. As you go down on the 4hr chart, it's apparent price is having some troubles breaking through 1,5050 level...
We have a buy signal generated on EURAUD supported by our technical analysis. Incase of a pullback, we expect a retest of the daily support and a rally to top.
We have resistance shown in the 886 zone on the 2 BAT patterns, they are complete. However due to the bull stepping stones this looks exactly like the previous bullish setup apart from RSI OB now We need to see a retest for some quality 'M' Shape reversal pattern and break the Bullish Trendline. Then we can think about the trade. If we get a bullish Daily candle...
There is a good opportunity to catch 200 pips when EUR/AUD finally breaks it's resistence. Be on the lookout, when you do confirm the move with your own analysis, get in it professionally with the right risk management. This is simply an idea, always make your own analysis before investing. Happy trading!
Price is testing major resistance at 1.4810 (Fibonacci retracement, Fibonacci extension, bearish channel resistance) and we expect a drop from this level to at least 1.4693 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below the 97% level where we expect a drop from. Correlation analysis: We're...
EURAUD was rejected at daily resistance and formed a double top. This lines up with the divergence on the AO. I entered a short position at the MA crossover and expect 1.42500 to be reached next.
EURAUD is now at resistance and showing some signs of rejection. Keep an eye on 1,4530 area for a break and close below. See chart for details
Hey Folks, We broke trend so we now have a B wave forming up which I expect to turn at some point of the upper structure into a final C wave. - Hey chicos, Tendencia rota entonces tenemos una onda B formándose que espero que en algún punto superior de la estructura desarrolle una onda C. Carlos
Looking for some downside here in the EURAUD since it has made its way to the channel upper trend line. The time to consider short trades is at this point with a target of the channel lower trend line.
Judging by the ranges on EurAud it looks like it will first show a wave down before bouncing back up. Selling it with a take profit at 1.4180 and at that point switching to a buy towards 1.4550 the next weeks might turn-out to be very profitable
A beginning downtrend started a few days ago, price broke through and bigger timeframe key level (red line), we see the first retest of the line. The idea is to get a second retest to the line and then break through the countertrend. Target would be the next key level 1.4111. I will update this idea when price moves
Unfilled buy orders below visible on daily TF can take this market to 1.414, if first supply zone above will not be strong. Over 1.4045 there is nothing to stop from rally. 4h view.
The pair is at the edge of trend line. Either it can fall down or it will continue to move up. Next 2 to 3 candles will decide the direction.
I would watch for potential retest on the previous trend-line ...