I was bullish EurAud ever since 1.65 and the break above 1.66 came to confirm my outlook. The break was violent and the pair skyrocketed to 1.68 in a straight line. A correction after this violent rise was normal and this gave bulls the opportunity to open long trades on dips. Now the pair found some support on 1.6650 zone which is also 50% fibo retracement and...
After breaking 1.66 important resistance, EurAud went, like a racket, straight up to 1.68 Now the pair is in a normal correction which can represent a good opportunity to buy dips for a resumption to the up move. My target for this pair remains 1.7 in the medium term and I will look for opportunities that offer a good R:R
EURAUD has finally broken the range and made a spike to the upside. The market looks overextended to the upside and we can look for a short anytime soon. Remember that EURAUD can continue even higher. But the market has a very high probability of testing the strong daily resistance and making it support level before continuing higher. Also, the daily support will...
Yesterday I was wondering if the break above resistance is genuine, and it looks like it... Now EurAud is trading well above resistance and is determined in its way to 1.7 Dips should be bought for this pair and the R:R could be more than 1:2 for a long trade
For 5 months now, EurAud is trading in a range... However, From September the move looks constructive and in October we have a new base at a higher price. The pair is trading now above resistance and this could be a genuine break. I'm strongly bullish as long as the price stays above 1.65 and in the case of a real break I expect a rally to 1.7 zone
SWING trade of the day - EURAUD Entry point @ 1.63450 Take profit @ 1.65800 Stop lose @ 1.62800 90 PIPS target Do not risk more than 1% of Your capital
Price is looking to break out of its range and head to its daily resistance, waiting on a pullback and retest before entry
From what I can see on the daily price is just ranging in this small area however there is still an opportunity to make profit.. Price has broken its current structure and is going to retest its support zone I am waiting for a bounce off of one of the Fibo levels then we can go long
Trading the pullback... EURAUD 4H Projection by Fx-trading circle.
I have share my idea with you .... please share your analysis too
Hi all traders. Am looking for this potential retracement then major sell down for EA. Cheers!
Waiting for confirmation and a break of structure before touching this pair
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
This pair is currently retracing so we can look for an earlier buy opportunity here
As we can see in this chart price was rejected from this area previously and I am looking for a bullish breakout of this area before buying to the next level of resistance
Waiting for price to break the highlighted area before buying to the next rejection area