EURAUD: Bullish Move From Key Level
EURAUD is taking off from key daily structure support.
The price has formed a double bottom with a higher low on 4H and recently broken and closed above the falling trend line.
Now the area between a neckline of double bottom and broken trend line serves as a local demand area.
From that, I will expect a bullish continuation.
Goals:
1.633
1.645
Eur-aud
EURAUD testing a descending trendline 🦐EURAUD on the 4h chart is testing a descending trendline below the 1.62550 structure.
The price after hitting the 1.61500 area over a weekly ascending trendline couldn't break below and started a new bullish leg.
IF the market will break and close above the resistance structure and consequently break the trendline we will set a nice long order according to Plancton's strategy.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Thanksgiving Forex Trading Strategies -Entries and Setups Please watch my other videos to fully understand my strategies! Like the video if you want DAILY setups like this.
This morning we will be taking a look at how I will be looking to day trade these currency pairs on the foreign exchange market, Forex. We will also look at the strategies that I will use or utilize for entries and exits according to my trading plan and strategies. All advice and analysis is discretionary and should be taken at your own risk. I am not liable for any losses you decided to take. These strategies can help produce an income through day trading Forex and make significant income if the proper risk management and trade management plans are followed for a consistently sustained period of time. I use a combination of market structure, price action, and confirmations to enter the market at exact times.
EURAUD - SWING - 23. NOVE. 2020Welcome to our weekly trade setup ( EURAUD )!
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1 HOUR
Price moving sideways..
4 HOUR
Expecting another push to previous highs.
DAILY
Overall sideways moving market after a bearish structure, good long entries!
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FOREX SWING
BUY EURAUD
ENTRY LEVEL @ 1.62040
SL @ 1.61680
TP @ 1.63140
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURAUD - SWING LEVELS EURAUD - Based on trend lines and parallel channel trend it is expected to go down from the current levels
My approach will be a sell here at current price 1.62270
Maintain stop loss around 1.63400
Potential downside target 1.59800
Trade as per your risk appetite, I will be glad to see your likes & comment.
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EURAUD 4h analysis 🦐EURAUD on the daily chart after the bearish leg retraced until the ema.
On the 4h chart price started a retracement move inside a minor channel and after touching the 0.5 is now testing the 0.382.
If the price will break below the channel and consequently break the support structure, according to Plancton's strategy (check our Academy), we can set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURAUD Long / Possible reversal to 1.6340 (RR 6.8+)We've gone long for an overnight position on EURAUD.
We believe that the 30% fib retracement can hold out, but if it doesnt, our risk is only 20 pips. Remember, that successful trading is making money over time and not having a beautiful 90%+ win ration.
The trade parameters meet our entry triggers, which is the support of the fib, RSI being low and some form of support to be show in price action.
This trade ticks all of that.
Oh yes! And the 10m chart has a beautiful contraction of price action, a bullish wedge.
EUR/AUD - 18/11 @ 11:30 - 1HPrice reached 61.8 & 78.6 retracement zone and took an entry expecting the chart to play out with the fib extensions aligning with resistance and previous daily highs.
These highs need to be wiped out before we move lower where a double top structure or similar would confirm this, that would be next week potentially unless we stick with the bullishness.
Already in profit, stops to B/E around 1.63200
EUR/AUD-Daily overview Hello everyone!
-On a daily time frame we can see that the price reached a strong support area, we can see that the price tested and rejected that area so we can see that the bears have lost selling pressure so we may expect that bulls are going to gain some power to push in the upside.
-We can see that the Stochastic indicator is showing us an oversold area and that is a solid sign that we can expect some bullish momentum.
-If the price gains some bullish momentum, I expect that the price is going to reach the first resistance area and then we can expect a breakout or test and rejection on that area and then continuation in a bearish direction.
-Before taking action in Forex, please check the economic calendar and currency strength meter.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.