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.
Euraudbuy
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- 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- new leg up?EurAud found very strong support at 1.6150 and after a double bottom in this zone, the pair has risen 400 pips.
Now the pair is in a normal correction and after this dip I expect a new leg up and a new challenge og 1.6550-1.6600 zone resistance.
Buy dips is my strategy for this pair
Buy the EURAUD The is major support level that has failed to be broken. Price has been rejected with a long wick, a nice indicator to go long. But at the same time a triangle pattern is forming up.
Setting up the 1st TP on the down trendline and if it breakthrough 2nd TP will be at the next known resistance level.
Like and follow guys!
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
EurAud- 1.6250 is a good place to buyEurAud found a strong bottom at 1.6150 zone and after a few days of consolidation in this zone the pair exploded to the upside.
A correction followed, a new leg up and now we are again in a correction.
This 1-2, 1-2 patterns usually are followed by big moves and I expect a strong leg up for this pair to at least 1.64
EUR/AUD BUY SIGNALHey tradomaniacs,
welcome to a new free trading-setup.
NOTICE: This is meant to be a preparation for you! As always we will have to wait fro a confirmation.
EUR/AUD: Daytrade-Preparation
Market-Buy: 1,62540
Stop-Loss: 1,62045
Target 1: 1,63025
Target 2: 1,63285
Target 3: 1,63790
Stop-Loss: 49,5 pips
Risk: 0,5% - 1%
Risk-Reward: 2,50
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EurAud- 1.61 should be boughtFor more than 2 months now, EurAud is trading in a range with a base on 1.61 zone and a top at 1.65.
Now the pair is approaching the low of the range and I expect a rebound from here.
I'm looking for a signal to buy in this zone for 1.64 target.
Interim resistance is at 1.6250