EURAUD>>??<<>>?? This Pair Is Shaping Up Nicely For A Sell Trade. Ideal Indicated On Chart With SL Slightly Below Resistance (You Can Have Yours Slightly Above) ... You Can Alternatively Look For Your Own Sell Set-Ups & Cashing In As This Pair Slowly Moves Down.
Another Great Pair To Look @Today::: EURAUD Showing Positives Signs of A Down Move... This Pair Looks Like It's Going To Test The Low It Created First Before Pushing Up If That Happens It'll Be A Nice Short Opportunity... Have A Tight SL To Limit Risk... Ideal Trade Indicated On Chart With SL $ TP Indicated.
Heres my analysis on EURAUD before the week gets started.
enjoy a free signal.
trade at your own risk.
SELL
Symbol: EURAUD
Entry: 1.6875 (Sell Limit)
Best Entry: 1.6915 (Sell Limit)
Stop Loss: 1.696 (-85 to -45 pips from B.E.)
Take Profit: 1.676 (+115 to +155 pips from B.E.)
here we should see a bearish continuation, respecting its trend channel. The objective will be fixed in the pullback area that is pending to be closed a few weeks ago.
With Short Bias in mind, expectation is for Price to Fail at Green rectangles (supports) --turning them to resistances for decline to downside.
Follow this idea with previously posted idea for complete price-action story.
Momentarily, check comment section for developing updates to this trade-setup/ idea.
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This is just my opinion since i don't trade this market but from what i see, i think the market is going down coupled with "news" of the coronavirus intensifying.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
#EURAUD is reflecting # AUDUSD
High Volumes with a big Impulse in the past
Key Levels
Fibonacci 61%
We have to wait for a pattern confirmation to go short
Entry Point 1.625
Sl 1.634
TP1 1.62170
TP2 1.618
This pair formed a double top and we were anticipating this to fall to the area indicated in the chart. We will be entering the trade as soon as the markets open. This pair has a good potential, but we will wait for price action and then decide way forward.
Good Luck
TriForeX
