Euraudlong
EURAUD long set up in progress 💶🦘EURAUD long trade has alerted this morning.
Trend trade identified and entered.
Working H1 timeframe on this strategy.
Trade details can be found on the chart in printed label.
Working to TP targets on the printed label.
Trade box is tracking the trade.
This 1:2 RR trade needs to find 121 pips for desired TP target.
Want to know how I identified this trade you know what to do.
Thanks for looking
Darren🙌
⁉️ EURAUD - Market AnalysisHello traders!
⁉️This is my analysis on EURAUD .
Here we are in a bullish market structure, so I am looking only for longs. I expect price to make a retracement and then to reject from bullish orderblock + institutional big figure 1.48000.
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EurAud with 1.52 in sightIn my previous analysis regarding EurAud I said that there is a high probability of a break above 1.48 resistance and a rise above 1.5 and even higher.
Yesterday, after a few days of consolidating around the resistance level with pretty volatile moves up and down the pair finally closed the day to the upper boundary of the range, but more importantly, putting in a bullish engulfing on our daily chart.
This for me is an indication that bulls took control and the pair has now a clear way to challenge next important resistance above 1.52.
1.4750-1.48 is now support zone and dips towards this zone should be bought.
As I said, the target can be 1.52 and negation comes with a daily close under this week's low.
Best regards!
Mihai Iacob
EURAUD | SIMPLE PRICE ACTION WITH SnREURAUD has formed double top at 1.48800 level where we witness multiple bearish candle indicating hurdle for bulls.
For short term traders this is an opportunity to do shorting with stoploss just above double top.
For long term traders, wait for the price to get out of no trade zone; meaning we need to surpass the 1.48800 level to invalidate the double top pattern. Or close below the recent breakout level which can acted as support.
What are your analysis on the idea?
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Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
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Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.