EurAud Generating a divergent.Prices are making higher high and the momentum is making lower low so it is generating a divergent.
EURAUD trade ideas
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
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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.
EUR looks better over AUDEURAUD pair has consolidated good near the July support zones and is not looking for reversal.
RSI is showing the gain of strength and over all the Euro Index is showing positive signs.
on late Friday it broke the 5 day long trendline and now gaining strength.
on hourly it has formed a reversal inverted head and shoulder pattern. and on 4 hourly it has made a good double bottom
recommend to go long now 1.621 with a sl of 1.612 for the targets of 1.6265 .. 1.633 .. 1.655
EURAUD - SHORTThe counter EURAUD is in the descending channel from 04th December. Today the counter has made an entry at the price 1.6267 and it started to break the channel.Therefore we can hope to maintain short and the bearish trend may continue further. The price is expected to fall up to S1(1.6223). The downward movement of the MACD curves gives additional support to the description.
EURAUDWe got a clean retracement at the fibonacci key level and trend line.
We will see the price going up.
Comment and follow for more.
💡Don't miss the great buy opportunity in EURAUDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.6240).
. 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 72.
Take Profits:
TP1= @ 1.6406
TP2= @ 1.6458
TP3= @ 1.6571
TP4= @ 1.6684
TP5= @ 1.6812
SL= Break below S2
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💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
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Trade well, ❤️
ForecastCity English Support Team ❤️
Bear Flag - SellPrice is clearly forming a bear flag pattern. Suggestive of a bearish move.
Just waiting for little more development before looking for precise entry.
Simplicity is key to be successful in trading.
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.
EUR AUD go longEUR/AUD the pair has been moving in a symmetrical triangle pattern. and made a bulling pole and flag pattern inside it on 30 in time frame. willll be a great add for .64600 and .65500 ..
💡Don't miss the great buy opportunity in EURAUD Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.6559).
. 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.
Take Profits:
TP1= @ 1.6680
TP2= @ 1.6775
TP3= @ 1.6890
TP4= @ 1.7019
TP5= @ 1.7195
SL= Break below S2
❤️ 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 ❤️
EURAUD BUYEURAUD Looking like a buy long term.
confluences:
- wedge pattern forming on higher timeframes such as h4 and daily.
- Respecting the 50 MA on the daily
- can see divergence on h1 and 15 m timeframe on MACD.
At Resistance - close above 1.66 good for longPrice nearly reached the support levels and took the support to reach the exact resistance levels in 6 days of trading, this shows how bullish it is. Now at the resistance price is getting rejected little if price closes above 1.66 then there is a good chance for going long.
Ascending channel - Sell Price is forming an ascending channel which is a sign of reversal to the down side.
Here is a 2 cent extra for this trade to all my followers.
I will wait for a head and shoulder pattern to form before entering short at the right shoulder and catch the impulsive move to the downside.
The way I trade is:-
1. I only look at the chart only 3 times per day.
2. I dont depend on any lagging indicators or imaginary support / resistance lines.
3. Stress free simple trading with massive impulsive moves is my game.
4. Make money even while asleep.
Trade like how professionals do and look at trading as a fun and easy way to make passive income.
Thanks to all those who have followed me and liked my post.
This encourages me to post more trade ideas.
LONGTHE FUNDAMENTALS WERE SAYING THAT EUR WAS STRONG BUT MIXED AND AUD IS WEAK BUT MIXED. AND DURING PULLBACK THERE IS A DIGESTION PROCESS AT THE END AND RANGE IS DEVELOPING. THIS TRADE IS VERY RISKY BECAUSE FUNDAMENTALS ARE MIXED. BUT I TOOK THE TRADE. IF IT STRUGGLE TO GO UPWARD I WILL EXIT.
