After beaking the falling wedge resistance last week, EurAud rose to 1.6350 zone Now the pair came to confirm 1.6150 as support and we can assist in a new leg up for this pair The first resistance is 1.6350 followed by 1.65 important zone I favor longs
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On Friday I've spoken about "buying dips" on EurAud. Now the pair is trading in my predicted buy zone and a long trade around this level could;d have a 1:2 R:R I'm looking to buy this pair
From 1.68 recent top, EurAud had quite a drop reaching 1.61 zone and major support (see daily chart) Now the pair broke above falling wedge resistance and there is a high probability to continue higher. I'm looking to buy this pair and 1.6230-1.6250 zone could be a good place for longs
After a false break of what should have been strong support at 1.6550-1.6600 zone (In my opinion stop hunting, and liquidity search for longs) EurAud finished the day with an immense bullish engulfing from the trend line support and above horizontal one. I still have a target of 1.7 for this pair and corrections should be bought
Last week EurAud broke violently above 1.66 resistance, accelerated and reached a local high at 1.68. A normal correction followed and the pair come to confirm old resistance as new support. Now the pair is trading upwards, also above the descending trendline and looks ready to resume its upward move. Buy dips for this pair is my preferred strategy.
Here's a trade I took yesterday on EA. - Downtrend, with lower highs and lower lows being created. - Nice reaction from 0.786 fib level and then a big bullish confirmation candle to the downside (my entry). - Price made some decent moves to the downside and is currently reacting nicely at 0.618 fib level.
I was bullish EurAud ever since 1.65 and the break above 1.66 came to confirm my outlook. The break was violent and the pair skyrocketed to 1.68 in a straight line. A correction after this violent rise was normal and this gave bulls the opportunity to open long trades on dips. Now the pair found some support on 1.6650 zone which is also 50% fibo retracement and...
After breaking 1.66 important resistance, EurAud went, like a racket, straight up to 1.68 Now the pair is in a normal correction which can represent a good opportunity to buy dips for a resumption to the up move. My target for this pair remains 1.7 in the medium term and I will look for opportunities that offer a good R:R
The price brokeout of a 5 - months rectangular consolidation (range). The price is a approaching a predicted ascending channel resistance + trend based fibonacci extension level (1). Possible price action pattern indicated.
Yesterday I was wondering if the break above resistance is genuine, and it looks like it... Now EurAud is trading well above resistance and is determined in its way to 1.7 Dips should be bought for this pair and the R:R could be more than 1:2 for a long trade
You know the deal -> Arrows... LONG. Here is the Daily; ... and... Here is the LONG Entry off of the 4hr.
as we see harmonic pattern @ this pair we are waiting just for breaking this support and then we start selling this pair for lower risk and higher rewards friend its a great thanks that you push like button and follow us for other analysis updates
Based on the chart outlook, We were able to count a complete double zig zag Elliot wave corrective structure on EURAUD, this suggests that an impulse wave will resume in the bullish direction so far the confirmation level is attained.
Hello Traders, Here is the Top-Down Analysis of EURAUD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price dropped to monthly support level and after rejection started upward move to reach and test monthly resistance level. W > Price created W formation and as expect price to drop and test the neck before continuing with...