EURAUD I WISH EVERYONE COULD NOTICE THISEURAUD has break the daily support and has provide us with a sweet longing (BUYING) Opportunity.
Euraudbreakout
EURAUD | Perspective for the new weekSince the US Political Uncertainty that gave significant value to the AUD in the last couple of months has finally subsided, we are beginning to see traction in the value of the Euro since the Breakout of Key Level occurred on the 1st of December which has been followed by series of rejection which lasted a week plus.
Tendency: Uptrend ( Bullish )
Structure: Breakout | Supply & Demand
Observation: i. Since sellers were unable to push the price below AUD1.61300, it appears they have finally surrendered the momentum to the Buyers.
ii. Breakout of AUD1.6300 as rendered this level a new support level for future Buying power for the EURAUD.
iii. AUD1.6300 shall remain a yardstick for my buying options in the coming week(s).
Trading plan: BUY confirmation with a minimum potential profit of 300 pips.
Risk/Reward: 1:4.5
Potential Duration: 4 to 8 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURAUD is preparing for a wave to the upsideEuraud is on sideways market for now, but its preparing for a bigger upmove to the target 1.70, we have completed all waves on the downtrend, expect now price to rally
Watch lower time frames to add buy
EurAud- Bulls needs to conquer 1.62Yesterday EurAud had a false break under 1.6150 important support which was reversed quickly after.
At this point, we have a higher low in place exactly in this support and the pair looks very well bided.
A break above 1.62 would confirm that the pair could correct further and gains should accelerate to 1.6350 resistance.
I will stay bullish as long as yesterday's low is intact
EurAud- Can it drop under support?Two days ago I was speaking about 1.6150 support and that EurAud can correct towards 1.65. This didn't happen, MORE, the pair had a false break above the triangle's resistance and now is trading just in pattern's support.
With Eur "not feeling good" at all and AUD being very strong a break under this support followed by a break under 1.62 can lead to the continuation of the downtrend and we can see the pair trading under 1.6 for the first time since the pandemic.
EurAud- I say bullishAfter finding a bottom in the important 1.6150 zone support, EurAud rebounded around 200 pips.
Now the pair is trading in a congestion range forming a symmetrical triangle and, although triangles are a continuation pattern, I expect the break to be on the upside in this case.
1.63 is the zone that should be conquered by bulls and a daily close above would accelerate gains towards and above 1.65
As long as the pair stays above 1.6150 I'm bullish
EUR/AUD Wave Analysis EUR/AUD Wave Analysis
The counter is correcting in an ABCDE formation.
It has completed wave D and is taking support at the trendline.
Further, the the stochastic oscillator is forming an inverted head and shoulder at the lows.
We expect the pair to move higher to complete wave E.
EurAud- Where to buy?From 1.68 recent top, EurAud had quite a drop reaching 1.61 zone and major support (see daily chart)
Now the pair broke above falling wedge resistance and there is a high probability to continue higher.
I'm looking to buy this pair and 1.6230-1.6250 zone could be a good place for longs
EURAUD - BUY AFTER FALSE BREAK OUT The price is returned for retest level - the previous touch of the level more than 6 month ago. moreover, a strict namber of false breakdowns.
Thank you very much and thank you to the responsive commentators for their understanding.
I spend my personal time tracking the market situation and share my opinion openly with you.
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EurAud- Stop hunting and 1.7 after?After a false break of what should have been strong support at 1.6550-1.6600 zone (In my opinion stop hunting, and liquidity search for longs) EurAud finished the day with an immense bullish engulfing from the trend line support and above horizontal one.
I still have a target of 1.7 for this pair and corrections should be bought
EURAUD setting up for a nice long positionEuraud setting up for a up trend, follow price action on smaller timeframes, buy between the areas suggested and set the tp to 1.70, stop loss bellow 1.62600
Euraud Daily ChartPrice broke long term daily resistance now retesting it.
We would be interested in looking for long entries on lower time frames like 2hr or 4hr with some confirmation.
Always use a stop loss with proper risk management by not risking more than 1-2 percent per trade.
Thanks for being here, Stay tuned.
EurAud- Is the correction over?I was bullish EurAud ever since 1.65 and the break above 1.66 came to confirm my outlook.
The break was violent and the pair skyrocketed to 1.68 in a straight line.
A correction after this violent rise was normal and this gave bulls the opportunity to open long trades on dips.
Now the pair found some support on 1.6650 zone which is also 50% fibo retracement and the correction could be over now.
A confirmation of this outlook comes with a daily close above 1.67 and this also opens the door to further gains to my predicted target of 1.7
EurAud- buy dips is my strategyAfter breaking 1.66 important resistance, EurAud went, like a racket, straight up to 1.68
Now the pair is in a normal correction which can represent a good opportunity to buy dips for a resumption to the up move.
My target for this pair remains 1.7 in the medium term and I will look for opportunities that offer a good R:R
EURAUD daily breakdownEURAUD has finally broken the range and made a spike to the upside. The market looks overextended to the upside and we can look for a short anytime soon. Remember that EURAUD can continue even higher. But the market has a very high probability of testing the strong daily resistance and making it support level before continuing higher. Also, the daily support will be 0.618 fibo retracement if the market stops creating high from here. Now, to look for a short we have to see 4H turn bearish, and if the market goes and tests the 0.618 fibo the market will create a higher high. So, we can look for a long later.
EurAud- Real breakYesterday I was wondering if the break above resistance is genuine, and it looks like it...
Now EurAud is trading well above resistance and is determined in its way to 1.7
Dips should be bought for this pair and the R:R could be more than 1:2 for a long trade
EurAud- genuine break?For 5 months now, EurAud is trading in a range...
However, From September the move looks constructive and in October we have a new base at a higher price.
The pair is trading now above resistance and this could be a genuine break.
I'm strongly bullish as long as the price stays above 1.65 and in the case of a real break I expect a rally to 1.7 zone
EURAUD Swing trade 05 Oct 2020SWING trade of the day - EURAUD
Entry point @ 1.63450
Take profit @ 1.65800
Stop lose @ 1.62800
90 PIPS target
Do not risk more than 1% of Your capital
EURAUD / LONGPrice is looking to break out of its range and head to its daily resistance, waiting on a pullback and retest before entry
EURAUD / LONG - Price is just rangingFrom what I can see on the daily price is just ranging in this small area however there is still an opportunity to make profit.. Price has broken its current structure and is going to retest its support zone
I am waiting for a bounce off of one of the Fibo levels then we can go long
