#EURAUD,Stop! Ups on the wayThe trend is still bullish on the weekly chart.
After another record that EURAUD has broken in recent months, the currency is falling, the EURAUD is just on the 100 moving average line which has been very stable support in recent months so we will take advantage of our proximity to the support line and recommend buying.
target:1.6120
Euraudbuy
A potential Buy set-up in EURAUDHello Traders, I would like to present a potential BUY set-up in EURAUD through this analysis.
EURAUD is trading in an upward trajectory for the last 3 years.
Lately, price broke out of the ASCENDING TREND LINE(green line in my chart). While this could imply a bearish reversal in the larger timeframe, I am not so sure about it.
Currently, EURAUD is in an area of support. So, traders can look for BUY entries in 1.5980-1.6010 area with SL below 1.5850.
TPs can be set at 1.6130 and 1.6320 respectively.
If price breaks the first support zone, traders can look for long-entries in the second support zone at 1.5890.
#EURAUD, Great potentialIn the previous 2 times, as you can see in the graph above, the EURAUD stopped at the support line in 1.5990 and immediately rose to 300 pips, and even now there is no reason for history not to repeat itself.
The general trend is an upward trend.
The Stochastic shows oversold and potential trend change.
Target: 1.6250
EURAUD Market Outlook | Daily Forex Market BreakdownEURAUD
EA practically stuck on the trend line still. You may have heard me mention that you have to be extra cautious taking trades around trend lines because there is a lot of indecision in the market which leads to confusion. So for the time being I am going to step aside and let EA do its thing.
EURAUD Market Outlook | Daily Forex Market BreakdownEURAUD
Pushing back up a bit, bit choppy today as it has been all week. Expecting possible AUD strength right around the corner. I feel EA is going to push up and test highs before completely rolling over to the downside. Great short opportunity developing.
EURAUD - FOREX - 27. NOVE. 2019Welcome to our weekly trade setup ( EURAUD )!
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1 HOUR
Sideways market and slow price action.
4 HOUR
Sideways channel and market structure.
DAILY
Slowly rising market with a few pullbacks, good long entries.
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FOREX SETUP
BUY EURAUD
1ST ENTRY @ 1.62180
2ND ENTRY @ 1.61890
SL @ 1.61380
TP @ 1.63040
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN