Hey tradomaniacs, welcome to a new free trading-setup. Note: This is meant to be a preparation for you. As always we will have to wait for a confirmation. EUR/AUD: Daytrade-Preparation Market-Sell: 1,63380 Stop-Loss: 1,63830 Point-Of-Risk-Reduction: 1,62940 Take-Profit: 1,62590 Stop-Loss: 44 pips Risk: 0,5% - 1% Risk-Reward: 1,80 LEAVE A LIKE...
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...
Hey tradomaniacs, welcome to a new free trading-setup. EUR/AUD: Daytrade-Execution Sell-Limit: 1,62090 Stop-Loss: 1,62630 Target 1: 1,61510 Target 2: 1,61200 Target 3: 1,60770 Stop-Loss: 54 pips Risk: 0,5% - 1 % Risk-Reward:2,43 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t...
EURAUD is aprroaching the bottom of a HTF ascending channel structure in corrective approach while forming a Falling Wedge in the process. It’s signaling for a move back to the top of the channel. So far, it has give a really good momentum to the upside. I will now anticipating the price to form a corrective structure. Any break from any bullish continuation...
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.
After beaking the falling wedge resistance last week, EurAud rose to 1.6350 zone Now the pair came to confirm 1.6150 as support and we can assist in a new leg up for this pair The first resistance is 1.6350 followed by 1.65 important zone I favor longs
On Friday I've spoken about "buying dips" on EurAud. Now the pair is trading in my predicted buy zone and a long trade around this level could;d have a 1:2 R:R I'm looking to buy this pair
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
Notes : 1- The structure of the constituent sides is in the 5 waves triple format. 2- In MACD, convergence is in triplicate format I cannot provide a long-term analysis for this currency, in daily basis reviews for patterns, we reached this pattern in the 60-minute chart on EURAUD. All conditions are ready for a 250 to 300 pip uptrend. To confirm the uptrend,...
Interesting trade I am looking at for EURAUD. We made a huge dump from the demand turned supply zone, and we have started to recover from one of the previous demand zones. This indicates to me personally that we will see a retest and rejection at this level and then a further dump back down to the demand zone (marked). As always be cautious trading, especially...
Euraud shows an emerging shark pattern in confluence with wave 5 of an impulse wave structure. the minimum target is to think of truncation of wave 5 and that will be at the price region where wave 3 terminated. Goodluck
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
Last week EurAud broke violently above 1.66 resistance, accelerated and reached a local high at 1.68. A normal correction followed and the pair come to confirm old resistance as new support. Now the pair is trading upwards, also above the descending trendline and looks ready to resume its upward move. Buy dips for this pair is my preferred strategy.
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
Here's a trade I took yesterday on EA. - Downtrend, with lower highs and lower lows being created. - Nice reaction from 0.786 fib level and then a big bullish confirmation candle to the downside (my entry). - Price made some decent moves to the downside and is currently reacting nicely at 0.618 fib level.
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