EURAUD is approaching our first resistance at 1.5777 (horizontal overlap resistance, 50% Fibonacci retracement, Elliot wave structure) and a strong reaction might occur below this level, pushing price down to our major support at 1.52777 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also seeing a bearish divergence and is ...
Price is approaching our first resistance at 1.5777 (horizontal overlap resistance, 50% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.5454 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is also seeing a bearish divergence and is approaching our resistance ...
EURAUD is approaching our first resistance at 1.5693 (horizontal swing high resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.5279 (horizontal swing low support, 100% Fibonacci extension, Elliot wave structure).
RSI (55) is also seeing approaching our ...
EURAUD is approaching our first resistance at 1.5628 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 1.5277 (horizontal swing low support).
Stochastic (89,5,3) is also approaching our major resistance and a reaction off this ...
Buy above 1.5444. Stop loss at 1.5363. Take profit at 1.5655.
Reason for the trading strategy (technically):
EURAUD bounced off his support at 1.5444 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) and we expect it to rise further to its resistance at 1.5655 (horizontal swing high resistance). We do have to be cautious of the ...
EURAUD bounced off his support at 1.5444 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) and we expect it to rise further to its resistance at 1.5655 (horizontal swing high resistance). We do have to be cautious of the intermediate resistance at 1.5555 (50% Fibonacci retracement, horizontal overlap resistance).
Stochastic ...
EURAUD is approaching our first resistance at 1.5468 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 1.5402 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line ...
Bullish Ichimoku & SSRC, wait for heiken ashi to turn green, 180 level reached on Gann sqr9 heading towards a 90 level retracement which is our target at 1.57407. Gann Fan already confirms move.
https://www.tradingview.com/x/nHqtpduE/
EURAUD has formed a perfect bullish butterfly on the daily timeframe. We are still approaching a strong weekly resistance and euraud is in a strong downtrend so it would be nice to hold your horses till a buy signal is witnessed on the lower timeframes.
This still gives a signal of a possible pullback.
EURAUD M30 chart
There are two bowl formations on the M30 graphic, large and small
First target is 1.54xx Second target is 1.55xx
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
PS make sure you give me a like, If you ...
Technical Analysis: Bias Bullish
- Pair has bounced off strong trendline support at 1.5315
- Retakes 200-DMA at 1.5485
- RSI and Stochs have rolled over from oversold levels
- MACD is on verge of bullish crossover on signal line
Support levels - 1.5485 (200-DMA), 1.5426 (5-DMA), 1.54, 1.5335 (Trendline)
Resistance levels - 1.5598 (4H 110-EMA), 1.5676 (110-EMA), ...
EURAUD is approaching resistance where we can expect a strong drop.
Sell below 1.5502. Stop loss 1.5621. Take profit at 1.5270.
Reason for the trading strategy (technically):
EURAUD is approaching its resistance at 1.5502 (horizontal overlap resistance, 23.6% Fibonacci retracement) where we expect price to drop to its major support at 1.5270 (horizontal swing ...
