The counter has been confined into an asymmetrical pattern for the past few months, which depicts indecisiveness. Now, it has made a bullish breakout from the pattern. Further, it has formed an inverted head and shoulder pattern and broke out of the neckline. Hence, we expect the pair to be bullish in the short-term.
Purple rectangles = minor s/r area purple line = minor trendline euraud swings 4-5% (700-850 pips) within a month My BUY ZONE entry: 1.6200 TO 1.6275 My TAKE PROFIT AREA: 1.6915 to 1.6990 patience is key. I want to see this happen by july 27th . one month away Distance between the 2 area 640 pips Stop loss should be no bigger than 213 pips or around 1.6000...
EUR/AUD is forming an inverted head and shoulders formation. If price action remained the same, we would be looking at going long here.
Please see the chart for a breakdown, hopefully this helps someone
Once support has been broken its a sell to the bottom, price has tested this area several times and bounced off but once it breaks it should free fall
Hi, EURAUD moved 431 pips to the downside my previous analyses H1 H4 now it is on a trend-line it touched three times, i am expecting two things:- first: the way candles come to the trendline was a big implusive movement that indicates price will keep falling down check this candles second: after it made a three touch that also indicates the price...
forgot to post this on friday..well if u caught it good..trade smart..be BLESSED..
A diminished bearish momentum with the EUR can be spotted. On the one hand, the double bottom is created at the support level, and the bullish divergence from the MACD gives enough confirmation for a long entry. For this setup, a buy-stop position will do as if the price doesn't pullback; it can keep its bearishness without any damage. But on the contrary, if the...
EUR/AUD has just broken the areas of support. One is more important, the second one is just for confirmation. I expect the price to come back down to where it was a few months ago
Heres my analysis on EURAUD before the week gets started. enjoy a free signal. trade at your own risk. BUY Symbol: EURAUD Entry: 1.6660 (Buy limit) Best Entry: 1.6625 (Buy limit) Stop Loss: 1.6510 (-150 to -115 pips from B.E.) Take Profit: 1.6860 (+200 to +235 pips from B.E.) Take Profit 2: 1.6970 (+310 to +345 pips from B.E.)
This is showing rejection at the last HL after identifying market structure. Lets see if we can push up to 1.700 Check my profile out on how you can access my trades..
Heres my analysis on EURAUD before the week gets started. enjoy a free signal. trade at your own risk. BUY Symbol: EURAUD Entry: 1.680 (Buy Limit) Best Entry: 1.676 (Buy limit) Stop Loss: 1.671 (-90 to -50 pips from B.E.) Take Profit: 1.697 (+170 to +210 pips from B.E.) Take Profit 2: 1.729 (+490 to +700 pips from B.E.)
Fibonacci retracement levels are lining up to previuos levels of fibonacci in the past. Will look for buys if and only the levels are respected as we seem to be in an uptrend.
The EURAUD is currently down by more than 2000 pips (11%), a very significant decline. Although Stochastic is not yet cross-linked, it is found to be relatively low. RSI warns of a possible trend reversal. And the most interesting point is the encounter with the 200 moving average line which is a very serious support that increases the likelihood of looking Pull...