A beautiful long move for EurAud if support levels hold and resistant break further
Hey traders, Here is our forecast on EURAUD. The level where the price is trading right now is major and the price will most likely bounce from that. Like & Comment Our Analysis, Please! ❤️ Please, support our work with like & comment! ❤️
Sell order, as outlined in the pic 2:1 reward to risk ratio.
Good morning, traders! Today, we will analyze EUR/AUD in multiple time frames to explain why we consider upside potential for the short term. 🔸Based on the technical context, we see that the price is in a short-term uptrend. 🔸Recently, there was a bounce in the support zone that gave a possible completion to the current price correction. 🔸If this is the...
Sell: EUR / AUD SL @ 1.59690 TP @ 1.61240 Max Risk: 2% (When calculating, do not forget about different spreads from Brokers) Leave comments or likes to keep our content free and alive. Have a good week to everyone
Price is approaching our pivot level at 1.60835 which is in line with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and 200MA. Price could potentially face bearish pressure and drop to support at 1.58710, in-line with -27.2% Fibonacci retracement level and 200% Fibonacci extension level. RSI is also at descending trendline resistance for...
Euraud overall trend is bullish. I am expecting price to visit March low where it will find support. This will give more confirmation to go long on EURAUD.
Possible intraday setup for EURAUD if trade will maintain to reject at invalidation level then trade will be valid to take
trend line is broken and good chance to open a long position with money management
In profit on EA, and In a good entry zone :) buy buy buy, good luck
We hope to go long from here FX:EURAUD
Euraud preparing for take off i will take a position when this higher low is confirmed continuation long
Key Details: 1.60515 is a key level that we're watching. On Sunday's open, price is holding up above this level, which is showing further upside. The implication here is that we can expect this structural reversal to the upside to hold up.
Pattern: Elliot wave, H+S Confirmation: We are now going into wave 4 to 5. The reversal pattern is yet to be confirmed we wait the neckline to break. Entry. Enter on wave 4 to 5 sell of neckline
Weekly: -Price is rejecting a previous zone of resistance that now is acting as support. -It could reach the zone of the left shoulder. Daily: -Price formed a double bottom. -No structure that could stop the price. 4H: -Bullish M pattern.
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURAUD here. Just showing you another example of my trading. This position I am currently in and held over the weekend. I closed out most of my position on Friday evening and left a little partial to run to see if it reaches the final target. As you can see, my entry on this was a little premature off the 50% fib where as looking back I should have waited for...