EURAUD had given a break of trend in the daily time frame and price is going back to a significant zone to retest the break and give an official change of support to resistance.
The code word is buying to sell or bulling/bull to bear
Hey Traders,
Here's a full tech rundown of another FX pair re attacking local highs.
Discussing both the short and long side view of any market across all TF's is essential.
Watch for more.
Disclaimer: This is not a recommendation
Possibility price meets the premium zone at 1.68328 levels
Areas: 1.63898 and 1.64561 are considered good for buy orders with medium contracts.
Stop loss orders are limited to a maximum of 20 pips
good luck for all
FX:EURAUD
EURAUD is pulling back to the upper border of the channel following the drop.
The market is near the structure resistance on the 4H chart. Look left.
Price is decelerating at the resistance which means indescion.
We expect a liquidity grab above the channel and 78.6% fibo level then bearish move.
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Share your opinion in the comments and...
OANDA:EURAUD Nonfarm Payrolls (NFP) in the US are forecast to rise by 180,000 in November. A reading above 200,000 could force investors to reassess the possible timing of the Federal Reserve (Fed) policy shift and provide a boost to the USD with the initial reaction. On the other hand, a disappointing print below 150,000 could make it difficult for the USD to...
Hello,Friends!
EUR/AUD is making a bullish rebound on the 1H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.628 level.
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Take a look at our analysis for EURAUD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.633.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.638 level.
P.S
The term oversold refers to a...
. 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
Next POI for me is 1.64500 EA. Looking to take out the July lows and trade roughly into 1.62250. Will reassess from here, high probability price will go without us anyway and trade down to seek that liquidity, but as per - we wait and act accordingly
Hello Everyone 🙋🏽♂️
Double bottom
🟠 EP 1.63599
🔴 SL 1.62848
🟢 TP1 1.64350 ⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 1.65101 ⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 1.65852 🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as...
FX:EURAUD
EUR/AUD has a short bias based on a prevailing downtrend identified through fundamental analysis and technical analysis. Look for a robust resistance level and confirm bearish momentum. In terms of fundamentals, leading indicators favor Australia. Stay alert to global events affecting the EUR and AUD. Implement risk management strategies by setting a...
