Wait for price to break this channel or wait for a rejection
EURAUD failed to create a lower low creating a strong support at 1.55980. So now we can expect an inversion of the trend with the formation of higher highs and higher lows, the 100% confirm of the creation of a bullish structure is at the break of the bearish trend line respected correctly since December. Before entering for a buy i will wait for a clear retest of...
waiting for rising wedge breakout after fakeout near trendline.
EURAUD has break the daily support and has provide us with a sweet longing (BUYING) Opportunity.
Since the US Political Uncertainty that gave significant value to the AUD in the last couple of months has finally subsided, we are beginning to see traction in the value of the Euro since the Breakout of Key Level occurred on the 1st of December which has been followed by series of rejection which lasted a week plus. Tendency: Uptrend ( Bullish ) ...
Euraud is on sideways market for now, but its preparing for a bigger upmove to the target 1.70, we have completed all waves on the downtrend, expect now price to rally Watch lower time frames to add buy
Yesterday EurAud had a false break under 1.6150 important support which was reversed quickly after. At this point, we have a higher low in place exactly in this support and the pair looks very well bided. A break above 1.62 would confirm that the pair could correct further and gains should accelerate to 1.6350 resistance. I will stay bullish as long as yesterday's...
Two days ago I was speaking about 1.6150 support and that EurAud can correct towards 1.65. This didn't happen, MORE, the pair had a false break above the triangle's resistance and now is trading just in pattern's support. With Eur "not feeling good" at all and AUD being very strong a break under this support followed by a break under 1.62 can lead to the...
After finding a bottom in the important 1.6150 zone support, EurAud rebounded around 200 pips. Now the pair is trading in a congestion range forming a symmetrical triangle and, although triangles are a continuation pattern, I expect the break to be on the upside in this case. 1.63 is the zone that should be conquered by bulls and a daily close above would...
EUR/AUD Wave Analysis The counter is correcting in an ABCDE formation. It has completed wave D and is taking support at the trendline. Further, the the stochastic oscillator is forming an inverted head and shoulder at the lows. We expect the pair to move higher to complete wave E.
From 1.68 recent top, EurAud had quite a drop reaching 1.61 zone and major support (see daily chart) Now the pair broke above falling wedge resistance and there is a high probability to continue higher. I'm looking to buy this pair and 1.6230-1.6250 zone could be a good place for longs
The price is returned for retest level - the previous touch of the level more than 6 month ago. moreover, a strict namber of false breakdowns. Thank you very much and thank you to the responsive commentators for their understanding. I spend my personal time tracking the market situation and share my opinion openly with you. Push like and write your comments. We...
After a false break of what should have been strong support at 1.6550-1.6600 zone (In my opinion stop hunting, and liquidity search for longs) EurAud finished the day with an immense bullish engulfing from the trend line support and above horizontal one. I still have a target of 1.7 for this pair and corrections should be bought
Euraud setting up for a up trend, follow price action on smaller timeframes, buy between the areas suggested and set the tp to 1.70, stop loss bellow 1.62600
Price broke long term daily resistance now retesting it. We would be interested in looking for long entries on lower time frames like 2hr or 4hr with some confirmation. Always use a stop loss with proper risk management by not risking more than 1-2 percent per trade. Thanks for being here, Stay tuned.