The EUR.AUD is one currency pair on Sunday evenings watchlist.
Once my entry criteria has been met we will set a sell stop order and await a clear break.
From a long term daily perspective I see it has been in a downtrend. It has retraced up to a level (1.444) it may reverse at or go up a bit (1.4500) more then finally head down to around the 1.42000 area.
Note:
Overall, we remain bearish on EUR/AUD
There is a long Descending Triangle Pattern.
Now the price break the neckline aka the strong
support line.
After breaking this stong support line, we see a
slight pullback back on the support line and
heading downward.
There is a high probability that it will continue moving down.
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
On the EUR.AUD 4hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 1.4787 & 1.4880
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of...
Note:
EUR/AUD breaks the Descending Triangle Pattern.
Further downward movement is expected!
Recently, we see a consolidation after the breakout.
If the price able to break the consolidation support line
at 1.417x area.
Here are 2 ways to trade:
1. Short it directly after the breakout with
smaller lot size.
2. After breakout, wait for pullback to the
support...
As we can notice from the setup the price is braked the B level of the Shark pattern testing the trend line in very strong support area
Braking and closing below that area will confirm the shorting setup
Euraud trading around 1.4215 level where its Strong resistance seems above 1.4350 as its holding below
we can see a low toward 1.38-1.39 level a little
support level seems around 1.4130 if that breaks
next station is 1.38-1.39
Advice to sell pair in range of 1.4215-1.4350
SL above 1.4450 TP 1.39
EURAUD has been trading in down trend and it gradually forming a falling wedge pattern which signs a bullish signal after the breakout, the pair is approaching the wedge resistance 1.43838, it seems it may further trade down and will trade towards the wedge support after touching the resistance, traders may enter short at 1.43800-38, with 10 pip stop loss above...
Sell zona
Study:
Price touch R1 ( Resistance) two times
Tw Down
Tdi Down
Zona de venta
Estudio:
El precio todo R1 ( Resistencia) dos veces
tw ( Twisted) vendedor
tdi ( vendedor)
