Expecting price to bounce off of this long time tough support area. Though it may be pushing downwards for a while that was also the case in the past and it still bounced. Lets see if it holds true in the present.
A bullish close today can be a buy oppotunity
Hammer on weekly Chart. good chance to go long above the Hammer
EURAUD IS BROKE THE TRENDLINE AND I'M LOOKING FOR LONG AT THIS WEEKEND .THE TARGET IS 1.43
Hallo Freedom-Trader, im EUR-AUD (60min) sehe ich aktuell eine interessante und bestätigte Trading-Chance mit Gewinn-Vorteil. Für jeden eingesetzten Euro gibt es im besten Fall 1,79 EUR zurück. In 59 Prozent der Fälle (über 1000 Trades) zählen wir zu den Gewinnern. Viel Erfolg!
Good place to buy Eur/Aud from this strong support. We should see further upside hopefully.
On the EUR.AUD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup. The price reversal zone on this pair is between 1.4081 & 1.4027 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%...
we have multiple resistance's, one even dating back from August 3rd 2016. On the daily price is being squeezed. Price has failed at this resistance trend line multiple times and doesn't look like it has the strength to break it now, however if price breaks above the trade will be invalid.
I have been waiting for this to get down to resistance and reverse. Waiting for it to break the middle resistance 1.42522 before I go long. RSI MACD both signaling upwards. A few leading indicators for EUR economy is coming out today, might be worth waiting for those before going in. The only thing I don't like is going long on a trend that is generally short...
3 Buy zones (4h Demand Zones) nested within Weekly Demand Initial moves away all 6:1 or greater, profit targets 4:1/4:1/7:1 I'm anticipating reactions off the 60min supply and 4h supply, thus profits should be taken before the Supply above. If Daily Supply is taken out before return to buy zones, trailing stop may be permitted.
Hey guys, on EURAUD we are fighting against a support level on the daily timeframe that seems to hold. On the 4hr chart we can see a nice RSI divergence followed by an engulfing kicker (at AB=CD completion) that meets my trading strategy. I'm waiting for a small pullback and then i'm buying this up. Stop 30 pips below the lower low of the consolidation period....
In other analyses I paid respect to weekly positions. These are where the power truly is. Occasionally we spot a key position in the market where we can find opportunities on lower time frames. This does not mean I'm going long on this weekly. However, I'd be looking to go long on daily or 4H charts. Descending wedge patterns on occasion herald a bullish...