EURAUD trade ideas
EUR/AUD Technical analysisThe pair is confined within the ranges of 1.57393-1.60778 for the past 2 months.
It can be construed as ABC correction and the pair is assumed to in bull cycle.
The value of 1.57393 provided strong support to the counter and it reversed the pair from the downtrend.
A double bottom pattern formed at the formidable support of 1.57393 is actually the wave 1 and 2 of the bull cycle.
The break of the trendline and the formation higher high also adds strength to the above theory.
Currently, the pair is testing the broken trendline which can be used as a ‘buy on dip’.
We expect the pair to reach the resistance level of 1.60778 and we will update you regarding any change in our view.
EUR/AUD Technical analysisThe pair formed a head and shoulder pattern in the hourly chart and broke out of its neckline.
The follow up rally was also intense with good momentum.
Hence we expect the pair to continue its momentum and run off to the supports at 1.58974 and 1.58569.
EURAUD HEURAUD just broke inverted Head & Shoulder level in hourly time frame. RSI also above 60 level mark shows bullish signs.
Buy trade can be a good idea with 1:1.5 R/R.
Target : 1.61090
EUR/AUD Technical analysisEUR/AUD made a rally from its lows and completed its five wave structure.
It is due for a 3 wave correction and has completed first wave.
We expect it to pullback and then fall to the support at 1.59439.
EUR/AUD Technical analysisEUR/AUD has formed an inverted head and shoulder in the 30-min chart.
It has broken the neckline too and is consolidating just above it.
Hence we expect the pair to be bullish and move to the resistance at 1.59872.
Euro - Aussie :- Wait for it!Wait for the higher low to play out and the short the living hell out of it!
buy aud/eur for one hourwe can clearly see the trend is uptrend we also getting support. so going long is recomonded
Short Term Sell EUR/AUDEUR 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.
Sell EUR AUD
@1.5985/ 1.6005
target: 1.5925
Stop Loss: 1.6030
Gud luck !
EURAUD h4...EURAUD h4..... it has formed double bottom ... it’s good to take buy order after h4... candle closing above the neckline
EURAUD h4EURAUD h4... THe pair has trickled down to a major key level of support 1.5800 after 2 weeks of seroius selling pressure
I am looking into h4 timeframe .. if candle closing above 1.5900 I look for buy order.. wait for h4.. candle to close above 1.5900 TP:1.6000 SL:1.58520
A trading opportunity to Sell in EURAUDMidterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
Technical analysis:
A peak is formed in daily chart at 1.6780 on 01/03/2019, so more losses to support(s) 1.5670, 1.5530, 1.5345 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 44.
Trading suggestion:
There is possibility of temporary retracement to suggested Sell Zone (1.6355 to 1.6160). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
Beginning of entry zone (1.6355)
Ending of entry zone (1.6160)
Entry signal:
Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1 : @1.5885
TP2 : @1.5670
TP3 : @1.5530
TP4 : @1.5345
TP5 : @1.5075
TP6 : @1.4910
TP7 : @1.4670
TP8 : @1.4040
TP9 : @1.3675
TP10 : Free
EURAUD- Bearish Trend StartedEURAUD 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.
