it's a risky trade i recommend that you take a low risk trade of your account
EURAUD may fall back to inital buy position 1.65315
EURAUD i think will fall till TP 1, my recommendation is to try the trade and setup alerts on every 20 pips in the trade
I REAPEAT USE AT YOUR OWN RISK ( it's an anaylist but could be aslow a trade )
EURAUD has finally broken the range and made a spike to the upside. The market looks overextended to the upside and we can look for a short anytime soon. Remember that EURAUD can continue even higher. But the market has a very high probability of testing the strong daily resistance and making it support level before continuing higher. Also, the daily support will...
Hello my friends,
This week is not a good week for me so i don't trade many positions.
I also got some position taken out by SL or closed at entry.
For today i only gonna trade lightly as the market going sideways and quite hard to follow.
EURAUD on 1hr timeframe just fulfilled my sell setup requirement and i am gonna set a sell limit for this pair.
I will wait...
As you can see price reached a strong resistance and we have to wait until next week and monitor for reversal candlestick patterns on H4 and H1 time frames and short after confirmation , we could place stop loss a little pips above Resistance and 200 Day Moving Average around 1.66400 and our target is major support around 1.61600.
Welcome to our weekly trade setup ( EURAUD )!
-
1 HOUR
Bearish break and closure below main sr level.
4 HOUR
Overall bullish market about to turn bearish..
DAILY
Good short entries, market about to drop!
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FOREX SWING
SELL EURAUD
ENTRY LEVEL @ 1.64340
SL @ 1.65720
TP @ 1.62380
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different...
May as well grab some pips here with the bearish divergence on the hourly. Even if it’s just like 50% ish retracement. Trend might be overall bullish... only time will tell 🙃
EUR/AUD price broke to the downside of a weekly ascending trend channel on 27th August. Since then price has bounced back up to retest the weekly trend channel. Price has now formed a lower low and has started to respect a 4H descending trend line. We are now looking for a short entry as price continues to the downside. The first target will be 1.6150 with a...
Welcome to our weekly trade setup ( EURAUD )!
-
1 HOUR
Very bearish price action breaking below main sr level.
4 HOUR
Overall sideways moving market, good short entries!
DAILY
Expecting another push to the downside.
-
FOREX SWING
SELL EURAUD
ENTRY LEVEL @ 1.62820
SL @ 1.63440
TP @ 1.61970
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels -...
EURAUD
The recent covid developments has cause the euro rise on phenomenal range and the euro central bank also hint with further stimulus will be provided if needed.The euro recover plan has helped the risk assets to get some positive move. Broad weakness of USD is also a factor in rising of euro.
At around 1.65500 minor psychological level the EURAUD got some...
DISCLAIMER:
My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Good Luck!
![EURAUD: [EUR/AUD] SELL THE UPSIDE of THE TRADING RANGE](https://s3.tradingview.com/l/lvF5dRfC_mid.png "[EUR/AUD] SELL THE UPSIDE of THE TRADING RANGE")
