In my previous post about EurAud I've argued that we can have a higher low in place at 1.5450 and I expect an upward continuation.
Since then the pair had a failed attempt to conquer 1.56 important resistance and failed.
However, bulls quickly took control and at this moment EurAud is trading again in this resistance and we can consider a new higher low is in...
After breaking under 1.56 support, EurAud fell hard on Monday and reached a local low at 1.5450
At this moment the pair is recovering and there is a strong possibility of making a higher low followed by a new leg up.
I'm bullish as long as 1.5450 is intact
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, EURAUD is currently in a strong downtrend in the higher timeframe. This instrument is likely to drop from this zone as it looks like finished its a pullback and is likely to drop to create a new lower low.
Yesterday I was wondering if we have a higher low in place for EurAud, and it looks like this at this moment with the pair putting in a morning star candle formation on our daily chart.
However, 1.5600 has proven to be strong resistance and sellers were strong here so far.
In order to continue to my 1.59 target, EurAud needs a daily close above this...
Looking for EURAUD to reverse now and gain bullish momentum.
We have seen a break of structure (bos) and have tapped into the last daily down candle before the impulse up.
Would like to see bullish price action from now.
I have two potential entry areas shown on my chart.
Looking to risk 1% on the first entry and 2% on the 2nd resulting in a maximum loss of...
Ill be watching very closely for buy trades from around the supportive region of 1.56000 to make a bounce into 1.56500 resistance area.. this will correlate perfect with the short term upside move I'm looking for on other EURO pairs.
After a confirmation of the break on the rising wedge, we have secured already our sell position on this pair. Expecting a retest for a further bearish movement for this pair.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
After the recent low slightly under 1.54 from the end of October, EurAud has started to trade higher and managed to break above 1.56 resistance early this month.
Now the pair is consolidating and forming a pennant and a break of the resistance trend line could lead to more gains and we can see EurAud testing 1.59 resistance
I'm bullish as long as the price is above 1.56
Currently retesting the major trendline of the weekly timeframe, and forming rising wedge pattern. A break of the pattern will indicate bearihs momentum to confirm its movement.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Since 22 September, EurAud has dropped almost linearly and the price fell almost 1000 pips and has reached 1.6350.
This zone is a strong support one at this point and acted as such in the past 4 years.
I expect this support to hold once more and the pair to rise and challenge 1.69 resistance
Dips against 1.6350 should be bought
after breaking the falling wedge pattern, we are looking for a short term bullish momentum to the upside which confluence with a retest of the broken major support previously for a long term bearish movement.
After a break of the major trendline, we are holding bearish bias on this pair but in lower timeframe , it is looking to break the downtrend channel for a pullback to the retest area. Waiting for a break and retest for a confirmation and better risk reward ratio.
