EUR/AUD CREATE SYMETRIC TRYANGLE PATTERN AND BREAKOUT ITS RISISTANCE LEVEL 1.55777 LEVEL.
ALSO SHORT TIME FAME MAKE BUTTERFLY PATTERN .SO, IT PROBABILITY TO BUY NOW.
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
The gains accumulated by the Euro remains limited as structure suggest that investors are hesitant to buy the Euro amidst concerns that the Eurozone is in for more coronavirus restrictions in the nearest future.
We had no execution on our last publications as price went the opposite direction with a significant Breakout of the Channel @ AU$1.54500 area ( see link...
The first observation on this chart is the Descending channel drawn by connecting the lower highs and lower lows of price action with parallel trendlines emphasize the prevailing trend that began in October 2020... It appears the price is willing to respect this channel in the coming week as a Breakdown of AU$1.545000 level followed by rejection is a clue...
Friends this pair is drop alote and now near @ strong weekly support zone it can drop more till suuport zone we prefer to buy this pair from this support zone and looking for a higher rewards
incoming days with a very low risk against our rewards Friends if u like this trade idea dont forget to push like and comments for more questions we love to replay u
EUR/AUD Signal (Daily Timeframe)
A high probability, entry to go SHORT formed @ 1.55920 after the market found resistance @ 1.59461. Only the upward break of 1.59461 would cancel this bearish scenario.
Stop loss: 1.59461
Take profit 1: 1.53831
Take profit 2: 1.50290
Take profit 3: 1.44518
Strategy: Bearish Breakout
I have buying idea on the basis of following confluences.
1. Demand Zone
2. Weekly Engulfing Candle
3. Price Rejection
Our Targets are based on Fibo Retracement 38% and 61% (Golden Ratio)