EURAUD - CAN YOU COUNT TO 3?Hey folks,
In EURAUD we have the perfect example of how the market makers move the market in levels of 3 to play with every trader's psychology.
This indicates to us that the market might actually reverse here. Especially because we're at a D1 Trap Zone.
Currently we're waiting for a second leg to complete our market structure. Once formed, we're looking for entries to go LONG on this pair.
1) Keep in mind we're in Level 3 now, so we will see volatile moves.
2) The market might only move up to 1.5750 as this is a quarter point + the H4 is showing a strong downtrend.
Let's see what the market brings to us.
Don't forget, we're the constant & the market is the variable.
Happy trading!
Euraudbuy
EURAUD - SELL TIME - YOU AGREE?EURAUD HAS NOW BROKEN THE SUPPORT LINE
AND AS I HAVE ANALYSED WE ARE NOW EXPECTING
THIS TO GO DOWN.
GO TO LOWER TIME FRAME AND CHECK IF A FLAG
IS FORMING. BUT THE REVERSAL AND THEN SELL
DOWN. WELL THAT IS IS YOU ARE SURE OF WHAT
YOU ARE DOING.
SUPPORT THE MOVEMENT WITH YOUR LIKES,
COMMENTS AND FOLLOW FOR MORE
EUR is Crushing AUDEURAUD is formed a double top on the daily chart over the past few weeks. Trends will often continue until a specific event take place or when buyers step in at significant levels; I don't see buyers stepping in within the next few days. I am noticing price has not closed below the long term trend that you can see on the chart. In fact, it appears to be bouncing at this level. After a clear break (closed candle) of the lower trendline, the real selling will begin. Jumping in before this level is broken could result in the market faking us out. I have not seen any major news that would cause EURAUD to reverse and head higher, but we both know this does not always matter. It is always best to trade with the trend, and right now the trend is bearish. CAUTION: Pay attention to the wedge towards the bottom right of the chart. This appears to be a breakout zone, which can go either way depending on what is happening around this time. Would love to see your view and hear your thoughts.
Thanks for reading. Follow me and provide feedback.
-StampsFX
EURAUD - WEEKLY SWING - 24. SEPTEMBER 2018WELCOME TO DACAPITAL TRADING!!
WEEKLY FOREX MASTER SIGNAL
4 HOUR
Takeout of 1.60040 Key level with instant reaction to that
DAILY
Market back bullish after a small pullback
WEEKLY
Overall very bullish with strong pressure
LEVELS
BUY EURAUD @ 1.61650
SL @ 1.60240 (140 Pips)
TP1 @ 1.63160 (150 Pips)
TP2 @ 1.63750 (210 Pips)
SL TO BREAK EVEN @ HIT OF 88.60% FIB LEVEL
„Weekly Swing trade with good Entry and RR.“
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EURNZD - MONTHLY TREND - 18. SEPTEMBER 2018WELCOME TO DACAPITAL TRADING!!
MONTHLY FOREX MASTER SIGNAL
4 HOUR
Testing last H4 Lows expecting bullish pressure now following mid term trend
DAILY
Bearish Daily pressure occurred and took out last h1 long holders
WEEKLY
Overall very bullish, following this movement!
LEVELS
BUY EURAUD @ 1.61650
SL @ 1.59530 (210 Pips)
TP @ 1.64010 (230 Pips)
SL TO BREAK EVEN @ Hit of 100% Fib Level
„Monthly Trend follow with small RR and Higher Winrate.“
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EURAUD - WEEKLY SWING - 16. JULY 2018WELCOME TO DACAPITAL TRADING!!
EURAUD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Strong Waves formed in all timeframes
DAILY
Sideways movement but Bullish overall
WEEKLY
Pressure cooled down, expecting another wave now
LEVELS
BUY EURAUD @ 1.57500
SL @ 1.56330 (120 Pips)
TP1 @ 1.58760 (120 Pips)
TP2 @ 1.59240 (170 Pips)
MOVE SL TO BE @ HIT OF 88.6 FIB!
Weekly Wave Swing, Close 3/4 Position at Hit of TP1!
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DACAPITAL TRADING
EUR/AUD chart: 3 crucial factors to pay attention toCommentary provided today is aimed at understanding the 3 important things to keep in mind when trading and/or investing in the EURAUD. The Daily timeframe chart below captures price action from ~ August 21, 2015 till present date.
Chart patterns, (which includes trend lines) are utilized in this analysis to point out 3 key areas to pay attention to that are numbered on the EURAUD chart. These are discussed below:
(1) The bearish trendline in the EURUAUD that is established by price rejecting approximately 1.65885 and 1.61835 on August 25, 2018 and March 28, 2018 respectively. A close above ~1.62486 would imply resumption of the uptrend in the EURAUD.
(2) A rising diagonal pattern (wedge) as drawn here captures price between June 5, 2017 and March 22, 2018. This indicates exhaustion and a break outside of the wedge eventually resulted price moving back to support (i.e. number 3) which is discussed next.
(3) Price between 1.53175 and 1.51352 should be watched closely as it indicates support for the EURAUD. Retracement in price action after exiting the wedge found support in this area on January 10, 2018 with another successful test of support on June 6, 2018.
Use of at least 2 pivots to connect or draw a valid trendline therefore implies that the top of the support area (1.53175) is indeed valid and any EURAUD investing and/or trading must be aware of price remaining range bound to uptrend for now.
EURAUD - WEEKLY SWING - 09. JULY 2018WELCOME TO DACAPITAL TRADING!!
EURAUD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Pullback to previous H4 Lows around 1.57500.
DAILY
Small Daily pullback to Previous Lows overall before heading up further
WEEKLY
Very bullish overall, we closed the last 5 weeks very strong.
LEVELS
BUY EURAUD @ 1.57500
SL @ 1.56440 (110 Pips)
TP1 @ 1.58820 (130 Pips)
TP2 @ 1.59190 (160 Pips)
MOVE SL TO BE @ HIT OF 88.6 FIB!
Weekly Wave Swing, Close 3/4 Position at Hit of TP1!
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DACAPITAL TRADING
EURAUD testing major support, prepare for a potential bounce!EURAUD is testing major support at 1.5772 (long term ascending support line, Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur at this level pushing price all the way up to major resistance at 1.6137 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance). We identified second support at 1.5632 which is right below major 50% retracement and swing low support).
Stochastic (55,5,3) is seeing major support above 2.6% where a corresponding bounce could occur.
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