After a long rally from an ending diagonal of wave 3 the pair is forming a Head and shoulder pattern. The breakdown of the neckline will bring the prices down to the previous supported as shown in the analysis.
EUR/AUD has made multiple tops and once again the volumes is decreasing, can be a good short sell opportunity near 1.65100 once a lower low and lower high is made. with SL above the multiple resistance zone.
Views negative if hourly close is above 1.65550 before doing the breakdown.
Welcome Back traders! Euraud providing us Good short opportunity 💪🏻Price has broke 4Hr channel and had a retest at week closing.Highly Recommend to take this trade.please feel free to Message me for profitable trades and account growth. Thank you
Hello Trades, As we have seen a good bullish move in the last week and currently the price is sitting at a key level of resistance.Now there are many sellers entering at this postion where in this would good opportunity to sell.Ensure that you use proper risk management with given StopLoss .Please feel free to Message me for your account
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EUR AUD is trading on his Daily resistance, on other side AUD is trading on weekly support we can see a short term Aud bounce from this point , technically EUR/AUD the 1 hour right side is down with a bearish sequence. Near-term while below the the 1/24/19 highs the pair can continue lower again to correct the cycle up from the 2/22/17 lows.
EURAUD has Formed strong bearish pin bar and taken resistance from trend line too. Entry can be taken after a small correction which price can take from 200 EMA.Overall Trend is down so more downside can be seen this week in this pair.