EURAUD trade ideas
EURAUD | Taking a pullback. Buy!When it comes to the technical analysis of EURAUD, right now it is still in downtrend. But now you might get a pullback to the upside. We've seen price broken the major support because of stronger resistance area(please refer the previous idea I have shared). If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area. And also don't forget to place the stop just below the entry area.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
EURAUD SHORT FOR A 100 pips to the 38.2This pair is giving the beautiful setup up for a Short. You can what until this daily candle closes, or secure your entry now, it may not come back to as good of an entry this is.
Rejecting into my entry zone (between the 38.2 - 61.8)
Short down to the 38.2 for 100pips
💡Don't miss the great buy opportunity in EURAUDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.4613).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 1.4705
TP2= @ 1.4752
TP3= @ 1.4831
TP4= @ 1.4888
TP5= @ 1.4987
SL= Break below S2
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EUR/AUD Short TradeThis pair is moving in a bearish trend for many days while respecting the trendline. There are a few pullbacks in the chart but it has been rejected each time from the trendline, this is a strong sign of a trend run. The pair broke a support level of 1.4802 and did a retest to the level before it continues the move.
We wait for the momentum to pick after the retest and then our trade will be executed.