EURAUD, break out strong trend line and Strong Support!
Hi Traders EUR/AUD Signal (Daily Timeframe) A high probability, entry to go SHORT formed @ 1.55920 after the market found resistance @ 1.59461. Only the upward break of 1.59461 would cancel this bearish scenario. Trade details: Entry: 1.55920 Stop loss: 1.59461 Take profit 1: 1.53831 Take profit 2: 1.50290 Take profit 3: 1.44518 Score: 9 Strategy: Bearish Breakout
waiting for rising wedge breakout after fakeout near trendline.
clear rejecting daily support ..can enter for short with proper risk and management ... please do your own analysis before entering ☺☺ thank you so much
May as well grab some pips here with the bearish divergence on the hourly. Even if it’s just like 50% ish retracement. Trend might be overall bullish... only time will tell 🙃
EURAUD The recent covid developments has cause the euro rise on phenomenal range and the euro central bank also hint with further stimulus will be provided if needed.The euro recover plan has helped the risk assets to get some positive move. Broad weakness of USD is also a factor in rising of euro. At around 1.65500 minor psychological level the EURAUD got some...
Hi all traders. Am looking for this potential retracement then major sell down for EA. Cheers!
I believe my initial analysis of this pair was incorrect, upon further analysis we can see divergence on the weekly TF, as well as price, breaking the weekly trendline If you notice we also have a rising wedge pattern which is another indication of a change in trend We will wait for a breakout and a retest before entry on a lower TF
It flew to the moon lol wait for it to break support and were shorting
Please see the chart for a breakdown, hopefully this helps someone
I am now short the EURAUD, Divergence is evident and rules for entry have been met. Risk no more than 2% and remember it is okay if price hit our SL.
Once support has been broken its a sell to the bottom, price has tested this area several times and bounced off but once it breaks it should free fall
EURAUD approaching support at 1.62299 where it could potentially rise further to 1.64748. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
forgot to post this on friday..well if u caught it good..trade smart..be BLESSED..
EUR/AUD has just broken the areas of support. One is more important, the second one is just for confirmation. I expect the price to come back down to where it was a few months ago
There are multiple junctions to sell currently in this pair Confirmations: 1-Fibonacci level 2-Trend line 3-Bearish structure at higher times 4-Supply/Offers Zone
Hello everyone! EURAUD is clearly moving downtrend! Follow the trend, not against it! Please like, share and follow me for more useful analysis! Thank you!