EURAUD is consolidating on higher timeframes.
However, price action made new highs on the 1H timeframe.
We expect prices to go higher to retest the resistance levels.
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EUR/AUDs previous breakout retraced back into a strong support-zone and found demand.
We should see another bounce soon to the upside due to the risk-off-potential in equities.
What do you think=
This is a follow-up detail on the publication shared during last week's trading session (see link below for reference purposes), where the price moved over 200pips in our favour. Now, with the present structure on the chart, I am beginning to see a set-up that might allow us to add more selling positions as long as we do not see a breakout of the bearish trendline...
Going into the new week; we might be expecting the confirmation of a reversal structure to tend towards a bullish momentum but the multiple rejections of 1.49 during the course of last week's trading session could be giving us a clue into the strength of the sellers at this juncture in the market without ignoring the potential of the Aussie against the Euro since...
. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
After the beginning of April dip to 1.43, EurAud has recovered nicely and has had an attempt to reconquer the 1.5 level. This first attempt failed, but the pair found bids again at 1.46 and we can have a higher low at this moment. I expect a new leg high and this time a break above 1.5.
I'm bullish on this pair as long as 1.46 is intact and the target can be 1.53...
The reversal structure identified on the 1H time frame is probably going to incite a retracement of the Impulse leg after which a trend continuation might begin.
NB: It is pertinent that we remain conscious as a breakout of 1.495 could encourage a bullish momentum
Margin trading in the foreign exchange market (including commodity trading, CFDs,...
A follow-up detail on the EURAUD that was published sometime last week (see link below for reference purposes) where unfortunately price hit our stop loss as the bullish momentum we were expecting didn't show up.
The Euro continues to rise against the Aussie inside the 4H timeframe which is evident with a visual representation of a bullish trendline. In the coming...
in confluence with my expectations for a falling stockmarket I expect EUR/AUD to break out of the current correction very soon, especially after the recent stop-hunt to the downside which is often a final move before the price turrns around.
There is a chance to see a re-test of that hunt-zone, but overall I expect price to move up very soon!...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Despite a long-term downtrend scenario on the higher timeframe, I am of the opinion that we might be on a verge of a bullish surge in the near future. In this video, I explained how a rising reversal pattern is identified on the 4H time frame where the breakout of structure yesterday might be a signal for an upside move.
Margin trading in the...
With an evident downtrend scenario on the 4h time frame. How can we take advantage of a sell continuation opportunity if it finally happens? Let's check this out together.
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this...
EURAUD BUY LIMIT
USE PROPER MONEY MANAGEMENT
DON'T USE ABOVE 2% OF YOUR BALANCE
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