EURAUDActualmente vemos como el valor está en un KL diario que además nos coincide con un doble techo, además podemos observar como nos ha roto un trianguo simétrico con lo que tendría que volver al mismo para retestearlo, que junto al rebote que actualmente estamos teniendo en la Daily, el retesteo de la misma tendéncia y el 61% de fibo daily, nos indica como el valor bajará. El único problema que tenemos es que según la estructura de mercado, KL y fibo el valor no tiene que caer tanto como para retestear, con lo que esperamos una caída hasta el monthly y que ahí decida como va a actuar.
Eur-aud
EUR AUD 1D- Double Top 'M'. Long Term Short.This is my analysis and predictions in regards to the future of EUR AUD.
Based on the daily charts.
Obviously this is a long term trade and may take a while to form. But you can see a clear double top rejection on the top trend line on numerous occasions.
I will be waiting for the top trend line to be touched, a retracement then a return to the trend line before entering a long term SHORT all the way down.
This is also backed up from the simple but effective M formation trading style. Always wait for the second leg to trade down on.
Let me know what you think, I think there's definitely a large amount of scope if this pattern is to form again.
Apologies the SL/ TP chart is in the wrong position (should be higher up) , but you get the idea.
Clear weekly tendency WAIT FOR RESISTANCE AND SHORT ITClear weekly tendency where we have clear resistance and support and RSI is gigantic too, it may try to fake out but the moment that we see a clear selling candle close to resistance is the moment to short it, i have the selling zone there but if you see the opportunity before take it, im gonna wait so far, till we have a place with more possibility of success.
EURAUD Going down!As seen in the chart above, the price could not cross the 1.631 resistance line, and formed a bearish pin bar, I see that the price will go down and hit 1.6172 and bounce a little and then continue to 1.60560,
and in the 4H time frame, it formed a head and shoulders chart pattern and retested the resistance, all this indicates that the price will goo short
TP(1): 1.6172
TP(2): 1.60560
with stop loss: 1.63421
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EURAUD 30/01/20 SHORTDisclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning. Please manage your risk-reward accordingly. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
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Pips Archery FX
EURAUD Mid Term Sell Bias trade idea Australia’s strong economic ties with China too and we all know this virus named "Coronavirus" is actually not only affecting the people of china but whole financial markets around the world. Equities have fallen, bond rises and all the safe haven got a pump upward couple of days earlier. Risk currency like Aussie had trouble and safe heaven like yellow metal, the yen had the most benefit. It's been a while now we are seeing how far this minor pair has reached. Nothing is permanent and we are facing a temporary natural disaster which may somehow end soon or later (doctor gotta work fast for the antidotes jk :D). I assume if risk appetite gets better there are some possibilities that this exhausted bull will switch its direction lower. I know it's not a one hundred percent idea but at this point either the market of this minor pair is consolidating, range or a reversal is imminent but a strong bullish upward momentum isn't what I feel at this point (my own opinion). Technically we can see the price has hit the R3 of the weekly pivot and by seeing Fibonacci retracement it looks lucrative by seeing the good possible reward on the downside for this pair. This pair did pump higher more early morning just to know the National Australia Bank (NAB) Business Confidence Index rates were dropped which let us know that the business sector wasn't too confident at the time. Aussie will have its inflation reports out tomorrow which if actual is better then forecast and previous could help our trade bais further and as we all know global risk sentiment getting positive with the rise of risk appetite is what we should take into consideration too. (Idea not guaranteed financial advice.) Comment your idea and plan too if any. Peace out!
EURAUD CUP AND HANDLE PATTERNStrong bullish wave ended at level 1.6288 then correction occurred at 61.8% Fibonacci level at 1.6088 forming cup and handle pattern
Price respected this key level several times
MACD shows bullish momentum
RSI broke downtrend
We r waiting that price break downtrendline and exceed the coming resistance level at 1.6175 for going long trade
In that case price will be above HVN which indicates that the accumulation phase has ended and the pair will start strong bullish wave
First target will be at the supply zone near level 1.6288
then second target will be towards key level 1.6425
My EUR/AUD predictionWe have just completed a head and shoulders pattern on the 4 hour time frame and now it looks like price is going to push up due to the bullish hidden divergence and also the bullish pennant pattern. Price is likely to have a small retracement at the golden zone(Either at 50% or 61.8%), but is expected to carry on to the upside.
EURAUD CUP AND HANDLE PATTERNStrong bullish wave ended at level 1.6293 and then correction occurred until 61.8% Fibonacci level at 1.6088
Price respected this level and then going upwards
MACD shows bullish momentum
Price is above Moving Average 100
EURAUD is forming cup and handle pattern
we r waiting for price exceeding the resistance level at 1.6170 for targeting the supply zone near level 1.6293
EUR/AUD: Retrace Back to Long-Zone after +90 pips 14:38:48 (UTC)After +90 pips of correctly predicted price action, we've since retraced back to levels that are even more interesting to me this time. After a measly +0.1% on CPI (U.S.) today, being patient to secure an entry via looking at shorter term time frame entries and confluences are of my main focus this week.
PM me for my entries,
14:38:48 (UTC)
Tue Jan 14, 2020
EA: Patience is Essential with Just Under +300 pips on the TableAwaiting patiently the correct time to execute an entry long. The amount of confluences on this trade setup are pretty impressive, but if it doesn't hold we'll be prepared either way. Obvious long bias, however execution can be quite difficult due to the manipulation in the market and with the Australian dollar this week in particular (fundamentally).
Stay tuned to the tg for updates
23:00:30 ( UTC )
Sun Jan 12, 2020
EURAUD: Bearish Forecast
hey guys,
recently EURAUD has formed a peculiar rejection candle testing a falling trendline on a daily.
on 4H chart we see a lower high formation and confirmed break below the minor support.
I believe that now we can expect further bearish continuation to 1.610 / 1.604 levels.