EURAUD trade ideas
EURAUD MONTHLY WAVE ANALYSISEURAUD MONTHLY WAVE ANALYSIS, THE PAIR IS IN A VERY STRONG IMPULSE ON MONTHLY TIMEFRAME AS SHOWN AND THE THIRD WAVE IMPULSE IS UNFOLDING AS SHOWN IN THE CHART IN WHICH WAVE 3 WILL END AT 2.1745 AND WAVE 4 AT 1.8689.AFTER THAT WAVE 5 WILL BEGIN WHICH WILL END AROUND 2.3651.
EURO/ AUDTrend Line broker, Expect Long or Short????
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Don't miss the great sell opportunity in EURAUDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.6950). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 1.6615
TP2= @ 1.6400
TP3= @ 1.6085
SL: Break Above R2
EUR/AUD intraday buyOur pivot point is at 1.6862.
Our preference:
as long as 1.6862 is support look for 1.7039.
Alternative scenario:
below 1.6862, expect 1.6813 and 1.6783.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.6922 and 1.6850).
Trend line broken ~prepare to short EURAUD when pull backTrend line broken ~prepare to short EURAUD when pull back
the best pattern to trade!
