AUDEUR trade ideas
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
💡Don't miss the great buy opportunity in EURAUD Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5670).
. 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 63.
Take Profits:
TP1= @ 1.5837
TP2= @ 1.5902
TP3= @ 1.6005
TP4= @ 1.6143
TP5= @ 1.6252
TP6= @ 1.6409
SL= Break below S2
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Inverse head and shoulder in euraud4 hr timeframe form a inversed head and shoulder...buy if cross above neck line
EurAud Generating a divergent.Prices are making higher high and the momentum is making lower low so it is generating a divergent.
EURAUD 4 HOUR LONG PROJECTIONWelcome 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
💡Don't miss the great sell opportunity in EURAUD Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.6016).
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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 20.
Take Profits:
TP1= @ 1.5829
TP2= @ 1.5692
TP3= @ 1.5570
TP4= @ 1.5438
TP5= @ 1.5266
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Rising wedge - Sell2 possible scenarios that can possibly happen (as marked by the arrows) as the price is forming a rising wedge pattern.
Trading is a game of probabilities. We just dont know what is the sequence of our wins/losses but we know it will eventually play out
in our favor.
Thanks to all those who have followed me and liked my post.
Especial thanks to all those who DM me and commented on my analysis wanting to know more about the trade.
