AUDEUR trade ideas
💡Don't miss the great buy opportunity in EURAUDTrading suggestion:
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."
Technical analysis:
. 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 support.
. The RSI is at 70.44.
Take Profits:
TP1= @ 1.5690
TP2= @ 1.5800
TP3= @ 1.5950
TP4= @ 1.6000
TP5= @ 1.6140
SL= Break below S2
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SHORT EURAUD !!RUNNING FLAT PATTERN
EURAUD IS IN THE LAST LEG OF CORRECTION(a 5 sub wave move) WHICH COULD GO BEYOND THE PREVIOUS LOW MADE DURING MAJOR 'A' WAVE.
IN IT'S PREVIOUSLY 2 LEGS IT HAS SHOWN A 3 SUB WAVE CORRECTIVE MOVE.
LIKELY BEARISH MOVEMENT Descending triangle seen, and could push price through the key support level seen, and price could continue to the downside through the gap space to the next key level.
EURAUD 1:4.5 TradeAlways enter any position with 1% risk as we are targeting high rewards.
EURAUD is respecting this level and there's a FIB retracement zone as well, HIHGH PROBABILITY TRADE
EURAUD, Trending near the Long term Support area near 1.56-1.57EURO against Australian Dollar , after a completely bearish week , Expecting this pair to off the Support area to see some buyers control this week, It may test the area of 1.59 for a breakout this week , if it happens it may trend a breakout price action.
EurAud Short Opportunity M15This is a nice setup With multiple confluences- proper rejection zone, trend confirmation with 200 ema and entry done with stochatics..
Any queries- comment....
Happy Trading
