Update to our bearish analysisAfter a confirmation of the break on the rising wedge, we have secured already our sell position on this pair. Expecting a retest for a further bearish movement for this pair.
Euraudforecast
EURAUD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EurAud- Towards my 1.59 target?After the recent low slightly under 1.54 from the end of October, EurAud has started to trade higher and managed to break above 1.56 resistance early this month.
Now the pair is consolidating and forming a pennant and a break of the resistance trend line could lead to more gains and we can see EurAud testing 1.59 resistance
I'm bullish as long as the price is above 1.56
Waiting for a break of the rising wedge , still holding bearishCurrently retesting the major trendline of the weekly timeframe, and forming rising wedge pattern. A break of the pattern will indicate bearihs momentum to confirm its movement.
Currently a retest of the major trendline for bearishWith good rejection in the major trendline retest area, we are bias on being bearish on this pair with good risk and reward ratio.
EURAUD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EurAud- Strong reversal from supportSince 22 September, EurAud has dropped almost linearly and the price fell almost 1000 pips and has reached 1.6350.
This zone is a strong support one at this point and acted as such in the past 4 years.
I expect this support to hold once more and the pair to rise and challenge 1.69 resistance
Dips against 1.6350 should be bought
EurAud break for a retracementafter breaking the falling wedge pattern, we are looking for a short term bullish momentum to the upside which confluence with a retest of the broken major support previously for a long term bearish movement.
EurAud waiting for a pullback to retestAfter a break of the major trendline, we are holding bearish bias on this pair but in lower timeframe , it is looking to break the downtrend channel for a pullback to the retest area. Waiting for a break and retest for a confirmation and better risk reward ratio.
EurAud break and currently retesting necklineAfter a false bullish break as shared in previous analysis, euraud is currently retesting a double top neckline. It is possible it to do a deeper retrace to retest the major trendline before making its bearish move to the targetted level.
EURAUD BUY IDEAwe're waiting this pair to close a momentum candle over out last touch of the red descending channel so we can take a buy position
if anyone have a comment on my analysis please share it with me
Good luck
EURAUD / Long IdeaPrice is currently testing this area of resistance before a potential pullback
We are currently at a weekly support level so price is likely to reject off of this area before potentially continuing down
EURAUD SHORT SWINGWaiting for pullback to go short
Confluences
a. Clear Head and shoulder pattern
b. Potential FIB
c. Strong resistance broken to support
EURAUD; Time to catch a short swing tradeEURAUD formed a head and shoulder on D1 which is a classic reversal pattern. Breakout of the neckline and bullish trendline gives us a great opportunity to short the market on a retest. From there I sell the market to the next swing low.
What is your opinion on EURAUD?
Nice trading!
EURAUD broke support!! possible sellHello traders, EURAUD has broken the significant level of support and is likely to drop as hown on diagram.
EURAUD SHORT As we see, EURAUD formed a head and shoulders pattern on the daily Time Frame. We wait for a breakout along the Neckline before placing a trade,
What is a head & shoulder pattern ?
Head and Shoulders formations consist of a left shoulder, a head, and a right shoulder and a line drawn as the neckline. The Head & Shoulder pattern appears in an uptrend suggesting that the uptrend is at its end. The H&S is bearish reversal signal
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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EURAUD | Bearish Bias |Dear Followers,
i have identified potential head and shoulder pattern on the Weekly & Daily timeframe , which if things go as I predicted there is a good risk to reward opportunity to grab. watch carefully this pair this week.
EURAUD: 300 PIPS OPPORTUNITY THIS OCTOBERfind the lower timeframe for confirmation buy.
possible 300 PIPS for SWING / LONG TERM TRADE
RISK REWARD RATIO 1:4
Leave a comment below and don't forget give me thumbs up
EURAUD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURAUD Analysis and trade ideaEURAUD is giving signs of reversal, and bearish momentum.
Take a look at it with me.
I believe there is an opportunity for a good short available.
