EURAUD SELL OPPORTUNITYHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/
The market has just printed a M Pattern on the daily where we can expect a retracement on the neckline or wick that is also lining up with the structure in the market, which is previous support turns resistance. Take profit at the impulse and stoploss above the last high.
~TRADE SIGNAL~
SELL
Entry: 1.56391
Take Profit: 1.55599
Stop Loss: 1.5665
**NOTE: wait for the break and retest of the level before entering
Good luck!
You have plenty of time to achieve your target. Take it slow, observe good risk management techniques.
~FX_SHIFTER
Euraudanalysis
EURAUD Strong Downtrend Welcome back!
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EURAUD may temporarily correct near or back to previous resistance and give us another push downward for the bearish continuation. Current pivot (reversal) areas are 5740 zone (resistance) and 5600 zone support.
Be sure to follow the entry criteria rules for your strategy and keep this on your watch list!
- BKH
EURAUD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EurAud- Towards my 1.59 target?After the recent low slightly under 1.54 from the end of October, EurAud has started to trade higher and managed to break above 1.56 resistance early this month.
Now the pair is consolidating and forming a pennant and a break of the resistance trend line could lead to more gains and we can see EurAud testing 1.59 resistance
I'm bullish as long as the price is above 1.56
Wait for a buying opportunity with EURAUDH2 time frame.
Structure: The descending channel has been broken.
The key level of the descending channel at 1.55300 has been broken.
Waiting for the price to return to this support zone to confirm the uptrend and appear bullish reversal patterns, you can find buying opportunities.
The profit target is the 1.59000 price zone.
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Wish you all have a good trading day!
EURAUD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EurAud- Strong reversal from supportSince 22 September, EurAud has dropped almost linearly and the price fell almost 1000 pips and has reached 1.6350.
This zone is a strong support one at this point and acted as such in the past 4 years.
I expect this support to hold once more and the pair to rise and challenge 1.69 resistance
Dips against 1.6350 should be bought
EURAUDBullish Indicators:
1) Support zone at 1.53456
2) Bullish Candle
Bearish Indicators:
1) Resistance zone at 1.56091
Plan A: One can take long position on the breaking of resistance zone of 1.56091 for the target of 1.57665 and 1.58937.
Plan B: One can take short position on the failure to break the resistance zone of 1.56091 for the target of 1.53546.
EURAUD weekly MovementHellooo...My Dragon Friends
if EURAUD give us some oppourtunity again.
i will make buy EURAUD around at 1.5400-20
SL 1.5350 and TP 1at 1.5600 and TP2 1.5655.
or if break that trendline, we can sell it at 1.5500 (wait until break).
Lets See
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