Potential reversal figure H&S, EURAUD can retest 1.66 and move down
Nueva oportunidad para entrar en corto en el par EURAUD, como confirmación vemos una posible formación de HCH, con esto podemos entrar y obtener un risk/reward de 1:3 . Dejándonos muy buena ganancia, este es uno de mis pares favoritos y lo tengo siempre en observación perpetua. Para mas alertas y publicaciones de forex sigueme en mi INSTAGRAM: lauropireo.
Long-term outlook. Outcome: retracement Risk Management: Compound Disclaimer: Trading is high risk investment , ideas posted here are for future reference.
In principle, this signal could be sent first at 1.65, even now it remains a good time. The euraud broke serious resistance in 1.6343 as can be seen in the graph above. The euraud in a very positive trend The candles located above the cloud and all other signs of the Ichimoku indicate continued ascents. Target: 1.6850.
From a weekly view, EURAUD is bullish and the bearish momentum we witnessed may be seen as a retracement of the weekly time frame. Price is currently at a reversal level where we can potentially see price retrace to 1.61470 and from this point we may potentially see price move bullish to complete the move at 1.66422.
EURAUD reversed off its resistance at 1.63424 where it could potentially drop further to 1.62277. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EurAud is currently at a fairly respected level of structure of minor resistance with decent inside movements. We are overbought on Rsi aswell which can provide us with some relief, divergence on the 60 and rising channel on the 5min
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EURAUD Possible Sell Join Our Free FX Signal Telegram Channel . No VIP group ..absolutely free : t.me
D1 -->> structure: downtrend -->> trendline broken -->> sell to target
EURAUD expected to rise up to 1st resistance at 1.60274 where it could potentially react off and drop down to 1st support at 1.59487. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Analysis team sold EURAUD @1.59855 with the target @1.5818 on 17th July, 2019
Sell Market Execution SL: 1.58200 TP1: 1.61897 TP2: 1.63932
EUR/AUD is down testing important price structure support and we have a good possible swing trade on our hands. For those that like to pay more attention to price structure patterns, this does resemble a larger sized head and shoulder pattern. We do have the future kumo twist started to bearish, a bearish TK cross, and chikou span is just shy of breaking through...
Watch Price and Candle for Strong BUY BUY & SELL As Per Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!