IMPORTANT use position size calculator, do not risk more than 1% move SL slightly above 2-day high as soon as new D1 candle closes
Use position size caculator DO NOT RISK more than 1% SL: 1.60300 TP: 1.70300
EURAUD is currently in a consolidation zone. Im waiting to see a break out
EURAUD broke out the support quite sharply, i am expecting the it to make an extended low to 1.58 handle, since the momentum is quite weaker across higher time frames and market is trading below my key MA. Watch out this market for sharp bearish moves. Trade Safe!
Price reached the weekly resistance along with the retest of a previous broken long trend line. In the test of the weekly resistance the price broke, again, the long trend line and is now retesting it, but is already showing some rejection bearish candles. I`m waiting for a clear bearish price action to go short!
FX:EURAUD My Prediction Need another one or two candles on the support level for long trade
EURAUD Soon ready to climb...
EUR/AUD Will make next price range Watch and wait price action in vital price & area Write trading planing and exit planing to backup your trade if your analysis going wrong Always write exit planing first before you go in market calculate the risk according to which you are able to receive it limit your losses and let gains run
EURAUD is bouncing nicely above major support at 1.5625 (Fibonacci retracement, horizontal swing low support) and a further rise could see price push up to 1.5770 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing a nice bounce above 4.8% support with really good upside potential, similar to what we’re seeing in...
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Looking to enter short trades upon price bouncing off from resistance. Volume is starting to weaken as price moves up indicating market exhaustion. Another way of trading this pair is to wait for price to break below the potential Double Top Neckline.