Eur-aud
EUR/AUD-4 Hour overviewHello everyone, I want to share this with you!
-On a 4-hour time frame, we can see that the price is moving between support and resistance area and we can see that price yellow support/resistance line and we can clearly see that the price broke that line and the price retested that line and continued moving in a bearish direction and on 1-hour time frame we can see that price tested that line few times and the price rejected and continued moving in bearish direction.
-I expect retest on a support area(lower blue area) and then we can see will the price make pullback or will it break that area.
-On a daily base, EUR is stronger than AUD and on a weekly base, EUR is still a little bit stronger than AUD. If EUR remains stronger than AUD we can expect bullish movement and if AUD gains some power and EUR loses its power we can expect bearish movement.
-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 a Financial
advice.
EUR AUD Sell 7 hour stochrsi bearish cross
7 hour price below the moku cloud
7 hour momentum falling
7 hour rsi falling
bolinger below the moku cloud
bolinger squeezing & thinning
7 hour red cloud ahead
lagging span below the cloud
15 red moku cloud ahead
15 minute price below the moku cloud
EURAUDHello again, he value is in a zone without any Key Level near, but we have a strong resistence under the value and now is doing the retest on it so when we see the confirmation, we can go in and buy the value we expect the return to the Monthly Key Level because the last time the accumulation there was not sufficient and the retest of the P4 of the uptrend
EURAUD Bullish OpportunityWe have here a bright set up for the reasons below
-Entry reason for most optimal RR would be for price to check support 1 more time giving us a candlestick pattern to enter
-Price is respecting its descending trend line therefore price wants to test it again before attempting to breakout
-Price retesting its descending trend line 1 more time then gives us a strong trend continuation trade at our trend line and the 38% retracement signifying its still a bearish market with optimal RR on the trading idea.
EURAUD - Long opportunityPAIR IN FOCUS: EURAUD
PLAN: LONG
ENTRY: 1.61820
STOP LOSS: 1.61250
TP 1: 1.62500 (68 PIPS)
TP 2: 1.62860 (104 PIPS)
TP 3: 1.63320 (150 PIPS)
REMEMBER TO MANAGE YOUR RISK!
Zona de compras EUR CADShopping area in EUR CAD, has a strong support, in the past everytime it hit this zone price rised up again. We'll be looking to buy it till the shoulder head shoulder posible resistance, that will be our first objective.
EURAUD: Sell opportunity on a Resistance rejection.EURAUD was rejected last week on the 1.6600 bottom of the 1W Resistance Zone. The 1D chart has already turned neutral (RSI = 52.665, CCI = -53.479, MACD = 0.006, Highs/Lows = 0.0000) as it is approaching the MA200 and with the RSI still halfway to its support level, we expect further downside. Our target is the 1.6000 top of the 1W Support Zone.
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EURAUD SHORT TRADEStrong bearish wave (A) ended at level 1.6259
then corrective bullish wave (B) occurred and rejected from 50% Fibonacci level of preceding bearish wave near level 1.6425
Now price is in bearish wave (C)
MACD shows bearish momentum
RSI is in downtrend
we r waiting breaking support level at 1.6329 to open short trade to target first key level at 1.6253
then going down towards the demand zone at level 1.6082
EURAUD - Short opportunityPAIR IN FOCUS: EURAUD
PLAN: SHORT
ENTRY: 1.63580
STOP LOSS: 1.63915
TP 1: 1.63270
TP 2: 1.62800
TP 3: 1.62250
REMEMBER TO MANAGE YOUR RISK!
EURAUD | Head & ShouldersPlease support this idea with LIKE if you find it useful.
Initiate Short.
Entry - 1.63328
TP1 - 1.62664
TP2 - 1.61558
TP3 - 1.60911
TP4 - 1.59788
SL - 1.63566
Reason: Price formed Head and shoulders. Lost the Ichi Cloud support zone.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
EUR/AUD 5th trade 30minThis will be my 5th trade, if I get stopped out I have a second attempt at longing.
Thus far:
1)EUR/USD- Winner (+2R)
2)GBP/NZD- Loser (1st attempt) (-R)
3)GBP/NZD- Loser (2nd attempt) (-R)
4)NZD/JPY- in progress
5)EUR/AUD- in progress
EURAUD Probabilities For Rebound?This is not a guarantee investment advice but seeing the potential risk to reward for upside and knowing the ECB head Lagarde due to give a speech in some minute I thought this pair will have some good volatility. Knowing that during the Asian session the latest updates on retail sales and trade balance for Australia were worst then forecast and previous but the pair continues its downtrend which was fishy and wasn't actually mean to be technically and fundamentally (kinda like things were already priced in). This time we can see a possible rebound from fib 61.80% and knowing if ECB head Lagarde has something good to say which may help boost the euro upward and if coronavirus weighs over higher-yielding currency like Aussie again will be plus point for bull traders in this pair.
EURAUD And the trafficActually EURAUD it's doing what we said, we need a bit more of accumulation in the Key Level, after of this we can buy the value, but i prefer to wait to enter at shorts that will be the best entry.
Updating EURAUD Scalper and Swing entriesAs I said before, the value has already fallen and reached our area, now there are two options, the first one is enter now (when the acumulation in the Key Level give us a confirmation to go in) to the value and take the climb or wait and catch all the fall that will be better for the swing traders.
$EURAUD cheat sheet for the week #forexI am not interested in longing in direction of wave also , as I am not that it drops first or Pump first. It may drop from here only directly or a retest as I am expecting at 1.63250. If it goes there that will be a fine short Entry to target 90+ Pips with more than 4.5R. Lets see how it goes.
EURAUD and LagardeActualmente vemos como después de rebotar en nuestra daily, está llegando hacia nuestra monthly, podemos deducir eso a través de ver como está actualmente rechazando en un soporte que he marcado con un cuadrado, además de eso, vemos como ha roto la tendéncia y ya la ha ido a retestear, con lo que tendríamos que bajar la línia de tendéncia aunque para que quede más claro, la voy a dejar así y en el siguiente análisis la modificaré, con lo que para entrar en largos esperaremos que el valor llegue a nuestra zona de KL para luego poder entrar a largos una vez se haya acumulado en nuestro KL y genere la explosión
Hoy de todas maneras hablará Lagarde con lo que tenemos que ir con cuidado sobre las 13:30.
EURAUD moving on resistances trendline, possible rejectionTrading plan described on chart, please use proper money management, Sell after reject confirmation preferably better. see my previous euraud trading plan already touched target zone.
EURAUD Post News Trade Short + 100 Pip PotentialWe had a good push down on the AUD Interest Rate decision and this pair has now gone into a consolidation between 1.64752 (High) and 1.64418 (Low). Moreover, it is now below the 60 and 15 min KS, as well as the 15 cloud.
Entry = 1.6474
Stop = 1.6494
Risk = 20 pips
Profit target = 1.6374
Reward = 100 Pips
RRR = 5-1
Once this trade is up + 20 pips, move your stop to breakeven and let it run.
I would appreciate if you leave a comment or like as a thank you
Have a great week!!
Allen
EURAUDActualmente observamos como la acumulación que hemos tenido en el KL ha sido demasiado corta con lo que tenemos que esperar a que vuelva a nuestra zona de acumulación retesteandonos incluso nuestro doble techo para así caer con más fuerza hasta nuestra monthly, veo poco probable que siga subiendo aún viendo que ha retesteado en el 38% para subir, además está en una zona muy interesante que al valor históricamente le ha costado mucho superar con lo que nos ayuda a creer que va a subir un poco más para posteriormente caer hasta nuestro 61% que además es el KL monthly.
