There is a good opportunity to catch 200 pips when EUR/AUD finally breaks it's resistence. Be on the lookout, when you do confirm the move with your own analysis, get in it professionally with the right risk management. This is simply an idea, always make your own analysis before investing. Happy trading!
My basic Weekly, Daily and 4hr chart analysis on the EUR.AUD I currently have a Buy Stop order in place if we see a bounce off 1.4500 Have a good day!
On the EUR.AUD 15min chart we have 2 potential trade opportunity's at the D leg completion of Bullish Bat & Bullish Cypher setup. Bullish Cypher Setup ( Blue ) - D leg completion 1.4497 Bullish Bat Setup ( White ) - D leg completion 1.4477 A pending order is in place to take this pair long.
Judging by the ranges on EurAud it looks like it will first show a wave down before bouncing back up. Selling it with a take profit at 1.4180 and at that point switching to a buy towards 1.4550 the next weeks might turn-out to be very profitable
Unfilled buy orders below visible on daily TF can take this market to 1.414, if first supply zone above will not be strong. Over 1.4045 there is nothing to stop from rally. 4h view.
On the EUR.AUD 4hr chart we have a potential long opportunity at the D leg completion of bullish Cypher setup. The price reversal zone on this pair is between 1.3999 & 1.3940 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement...
If this demand level still have buyers, no supply on a way to 1.425
The Support and Resistance lines are drawn just to get you the idea of what Im trading. The previous resistance is now the new support for the line. TP is just where I would like it to be, I will close if in profit before it hits.
EurAud perfect buy trade it is giving a trend line reversal and its a PRZ also. i am expecting a pullback As EUR will push higher to 1.08xx targets 1.4150 to 1.4200 GOOD LUCK TREND IS YOUR FRIEND !!
Hi guys, this is a simple structure trade: you can see price is coming back to retest the former resistance that once broken should turn into support. This is also lining up pretty well with a 618 retracement and a psychological number (1,40). You can see also a pin bar just formed with OVERSOLD condition. All those clues together make this trade a nobrainer. If...
Hi guys, this is a simple structure trade: you can see price is coming back to retest the former resistance that once broken should turn into support. This is also lining up pretty well with a 618 retracement and a psychological number (1,40). You can see also a pin bar just formed with OVERSOLD condition. All those clues together make this trade a nobrainer. If...
Looking to buy EUR/AUD AFTER I see this counter trend line break BULLISH. My Take Profit is at 1.42262, and my Stop Loss will be at 1.28506. Happy Trading!
AUD is not having a good day on several pairs. I usually do not trade against the general trend, which is down on this pair, but can't ignore the macro economics together with the analysis. I'm in if it passes 78EMA again, with a tight SL.