Greetings Traders this is my analysis for EURAUD and it is Long.
We should be open a Long position as we can see on the chart.
On the Indicator we can see that the price is praparing for a Uptrend Movement
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EURAUD H8: BUY/HOLD TP BULLS +350/+700 pips...
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EURAUD Falling Channel Breakout & Retest Done.
EURAUD Falling Channel existed since October 20, 2020, and just broken and rested the broken zone.
I am expecting a Bull Rally from here. I have also mentioned all the expected TPs in the chart.
Use only 3% Risk of Your Account
If you are taking this trade, please do proper Risk and Money Management as I will not...
This clear reversal may take the EUR into the 200EMA, and even a break up further than expected. Await a breakout of the Flat Top anyway. #EURAUD #forextrading #forex
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Indecision on the market is changing to a clear bullish mood
And the price action on the lower timeframes is clearly supporting this narrative
Therefore, I think now is a good idea to go long
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The price came to the support zone of THREE strong lines. And now I am waiting for growth.
The target will be the nearest resistance line. Where the price has repeatedly tried to break through.
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The railway tracks pattern Forex trading strategy is another price action trading strategy that is based on analyzing the lengths of two candlesticks of similar lengths and one of candlesticks must be bullish and the other one is bearish. When you see them together they look like railways tracks and thus name…
There are two types of railway track pattern: bullish...
There is a possibility of temporary retracement to the suggested support line (1.5510).
. If so, traders can set orders based on Price Action and expect to reach short-term targets."
. EURAUD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...