Euraudbreakout
Series of Rising wedge patterns-Run towards southEURAUD
The recent downtrend will further accelerates the selling in this pair.Rising wedge pattern will give us good risk
reward ratio.Rejection around 1.57000 and support around 1.52500
Breakdown of the minor rising channel will be a good signal to sell this pair.Primary target would be 1.52500
*Price-below price action level
*Price around point of control
*Price around 03 EMA(50,100,200)
*Fundamental support-AUD
*Rising COVID cases-Negative impact in this pair
Disclaimer!
This chart represents the future expected move only-Not a financial advice
Appreciate good works-
“Don’t judge each day by the harvest you reap but by the seeds that you plant”
Robert Louis Stevenson
EurAud to 1.6?Since finding strong support at 1.5270, EurAud has started to trade upwards and is making higher lows for a month now.
At this point, the pair is consolidating just under important 1.56 resistance and I believe this resistance will eventually fall.
A break here would be significant and will clear the road to 1.6
I'm bullish EurAud as long as the price is above 1.54
EURAUD is approaching resistance | 22 Mar 2021 | Short IdeaDear Traders,
#EURAUD are facing bearish pressure and a break below our downside confirmation could trigger a further drop.
#EURAUD_Sell @ 1.54593 I SL-1.54900 I TP-1.52716
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EURAUD weekly outlookEURAUD has been trading within this huge channel for almost 10 years now so a very significant channel with the Eurozone starting to breakdown a clean break of the low of this channel exposes further losses looking at the 1.40 as the first major target which would provide 1,300 pips
EURAUD - swing trade The deal is for a couple of weeks, maybe a month.
After the breakdown, it would be worth holding the trade open until the target.
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EUR/AUD Long term sell off?Hi Traders
EUR/AUD Signal (Daily Timeframe)
A high probability, entry to go SHORT formed @ 1.55920 after the market found resistance @ 1.59461. Only the upward break of 1.59461 would cancel this bearish scenario.
Trade details:
Entry: 1.55920
Stop loss: 1.59461
Take profit 1: 1.53831
Take profit 2: 1.50290
Take profit 3: 1.44518
Score: 9
Strategy: Bearish Breakout
EURAUD, Strong Bullish Possibilities.? As salam alaikum
Already shared Monthly Analysis two days ago.
Few of you have asked me about Lower TimeFrame so here you go.
T.A Review:
Bearish Channel on Monthly TF
Strong DOJI at Monthly TF
Bullish Channel on Daily TF
1.56 seems to be demand zone.
All are indicating Bullish Movementum
F.A Review:
We've got a busy week. EUR might
manipulate vigorously.
Dollar Strength and Covid-19 can't
be ignored.
T.A indicating BULLISH but AUD & EUR both
are BEARISH Fundamentally.
But eventually we've to be patience and
watch 1.55 zone more closely.
EURAUD TECHNICAL ANALYSIS +100 PIPS BULLISH MOVE, STRONG SUPPORTEURAUD failed to create a lower low creating a strong support at 1.55980. So now we can expect an inversion of the trend with the formation of higher highs and higher lows, the 100% confirm of the creation of a bullish structure is at the break of the bearish trend line respected correctly since December. Before entering for a buy i will wait for a clear retest of support at 1.56550.