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...
Hey tradomaniacs,
EUR/AUD is still in a correction-mode for the mid-term-trend and could continue to move up after multiple attempts to move down which got absoprbed as you can see with the previous fake-moves to the downside.
A good condormation for EUR/AUD to move up in terms of correlations would be falling indicies and so a risk-off-mood in the...
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
Pair Name : EURAUD
TimeFrame : 4Hrs
Direction : Long
Type : Swing
Target Range : 300 Pips
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Hit target 1+2+3
+150 Pips more upside
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Neat and clean chart with clear setup, no junk on...
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...
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
Pair Name : EURAUD
TimeFrame : 4Hrs
Direction : Long
Type : Swing
Target Range : 300 Pips
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Target1 hit +50 pips expecting more upside
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Neat and clean chart with clear setup, no junk on...
*** Inside a bearish price channel... Blue
*** Shapes with Hermonic Pattern... Gartley... Orange
*** Bypassing a white trend = touching a blue trend..
*** It crossed a blue trend = 1.6144, then fell to 1.5849, then climbed to 1.6342
POW reversal strategy in use here for this trade.
Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
Previous trades can be seen on chart also.
As with every idea trade history...
EUR/AUD TECHNICAL ANALYSIS
EUR/AUD has moved lower in recent weeks as several support levels have been broken, and these may now offer resistance as pivot points at 1.56165 and 1.58913. Previous highs at 1.61833, 1.62347 and 1.64365 are also potential resistance levels.
Since price has been bearish for so long am looking for some push higher to give us some...
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 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
A new higher high at 1.57463 was formed yesterday. Price has pulled back to the previous higher low at 1.55970.
If price shows bullish evidence it can stay above the last higher low(buyers/demand) a new higher high could form if the buyers can increase the momentum here.
