EURUAD has Broken Multiple trend lines in 4hr and daily chart too. I am expecting more downside on this pair for the next target of 200 days EMA at 1.54500 levels.
EURAUD broke the channel and retracing now.. it is advised to enter after green candles are finish.. it'll be a good short... Please hit "LIKE" to support and follow for more ideas. Vinny
EUR/AUD has broken down the 200 EMA and is currently in a bearish trend. An opportunity has presented itself to enter the bearish trend. As the price breaks the current support (1.56 area) it may continue down for the rest of the month until it finds a strong support. The long term bearish move is cancelled if the pair finds the strength to break the 1.57...
EUR/AUD has been in a consolidation area for about a week and seems to have taken the impact from the last uptrend. As we can tell from our indicators, this pair does not seem to have the steam left to go further high. Thus, we can open a short position for the reversal of this pair back to 1.54. Our Stop Loss needs to be higher than the last highs. Recommended...
ON THE WEEKLY CHART, PRICE BROKE OUT FROM THE ASCENDING WEDGE AND IS CURRENTLY DOING A PULLBACK FOR THE BIG MOVE ON THE DAILY PRICE BROKE OUT OF THE ASCENDING WEDGE (WHICH IS THE PULL BACK ON THE WEEKLY) AND HAS GONE INTO CONSOLIDATION i AM EXPECTING PRICE TO BREAK OUT OF THE BOX AND THEN i WILL SHORT THIS PAIR. MY EYES ARE ON THE 1.5700 AREA.
EURAUD broke out the uptrend line and just retested. It is very much likely that the market will retest the lows. Momentum indicators supporting the view, i am looking for sell setups for a target to the lows.
EURAUD is in a bearish trend according to our indicator, we can either sell at CMP or wait for a pullback.
EURAUD is testing major support at 1.5772 (long term ascending support line, Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur at this level pushing price all the way up to major resistance at 1.6137 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance). We identified second support at...
Euro is still on the weak side for me this week along with the US Dollar and Pound. Nice simple set up here, hammer candle formation at a descending trend line. Target at fib extension, done.
Hi Seildev here Let's keep this trade simple. We have identified the following reasons for entry: - Daily up trend - 4hr TF rejection at 200 EMA - Area of interest around 61.8% Fib - Bullish RSI Divergence - Trend continuation - Simple A,B,C,D leg completion As always, trade with a plan and safe trading. Seildev
EURAUD is seeing strong ascending support maintain our bullish momentum. We’re also seeing strong horizontal overlap support at 1.5799 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a bounce could occur at this level to push price back up to 1.5951 once again (Fibonacci extension, horizontal swing high resistance). Stochastic...
EURAUD has finally broken our major support-turned-resistance line at 1.5639 (Fibonacci retracement, horizontal overlap resistance) and a strong drop could occur from here that could push price all the way down to 1.5494 (Fibonacci retracement, horizontal pullback support). RSI (89) is still holding well above our ascending support line and only a break of this...
EURAUD is testing major resistance at 1.5410 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 1.5272 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding reaction could occur. Trading CFDs on...
EURAUD is testing major resistance at 1.5354 (Fibonacci retracement, horizontal overlap resistance) and a reaction off this level could be expected to push price down to 1.5267 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding reaction could occur. Trading CFDs on margin...
EURAUD is now testing major support at 1.5267 (Fibonacci retracement, horizontal swing low support, pullback to descending support) and a bounce could occur at this level to push price up to at least 1.5354 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 2.8% and a corresponding bounce could...
EURAUD is testing major resistance at 1.5423 (50% Fibonacci retracement, horizontal swing high resistance, bearish descending channel) and a strong reaction could occur at this level to push it down towards 1.5310 support (50% Fibonacci retracement, horizontal pullback support). RSI (34) sees a descending channel signaling intermediate downside pressure. Trading...
At the moment we have this pair ranging after it's trend line breakout on Friday creating uncertainty whether it will return to the downside or not. Patience patience patience, let it breakout to either side of the box THEN enter!