EURAUD: Ascending triangle, will breakout eventually!Although EURAUD is still in a downtrend,
seems like the trendline is holding very well.
The price has also formed an
ascending triangle pattern.
Looking for a breakout soon!
Euraudlong
EURAUD - Order Bounce & FlyTight order block holding beneath the so-called 'structure' trapped retail and wiped them out.
We missed the order block entry over the Asian session so we entered this morning off of the re-test.
We are now riding this position comfortably to the upside looking at 5R.
EURAUD WAIT FOR LOW PRICETo enter this potential long trade with good 1:3 risk reward. I missed the first entry, this second entry could be a little bit risky but I will try.
Good luck!
EURAUD is in Bullish ModeWait for the breakout of the upper trend line and the candle must close above the trend line, then go for the buy.
EURAUD LongEURAUD Long ( buy )
Looking at supply demand areas that are unmitigated hitting these zones for entry and exit risking a small amount
EURAUD approaching 1st support, potential for a bounce!Price is approaching 1st support, which is in line with our 78.6% Fibonacci retracement, 78.6% Fibonacci extension, horizontal swing low support and ascending trendline support. We could potentially see a bounce at this level and further rise up towards 1st resistance, which is in line with 61.8% Fibonacci retracement, 61.8%,161.8% Fibonacci extension and horizontal overlap resistance. Stochastics has also just bounced from the 11.71 level where it has reacted from before.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Long on PullbackLooking to enter longs on a pullback to retest recently broken resistance (which is now key support) in confluence to the 0.5 fib retracement and respectable ascending TL.
EURAUD BUYEURAUD broke out of descending channel with a complete wave (5), made a break out and retested the previous channel. Now heading to wave (3) of the next impulse.
Please see initial forecasts on EURAUD below.
Disclaimer: This is only a trading idea and must not be taken as a trading signal.
EURAUD - Bullish BiasEUR - BULLISH
1️⃣ Optimism about a strong economic recovery was supported by signs of an acceleration in the vaccine pace in Europe.
2️⃣ Several EU countries continued their efforts to re-open their economies, while upbeat economic data released on Friday showed that consumer prices in the Euro Area rose in March by the most in over a year.
AUD - BEARISH
1️⃣ The risk-averse market environment could pressure the AUD.
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Technical
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- We are buying the EURAUD at RBS on the M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
EURAUD, 4hr tf, buy the end of wave-ivAs you can see EURAUD currently on progress to complete wave-(3).
If we try to break down the wave we could see another impulse towards 1.5720-10 area to finally complete this wave-(3).
I am going to buy EURAUD again as i already trade this pair for the last 2 weeks and it has been a very profitable trade for me.
Buy EURAUD 1.5460
Stop loss 1.5420
Take profit 1.5720 (4R)
Use only 1-2% risk
Good luck
EUR/AUD, detailed breakdown and next destination🚀We are expecting the price to push up from the elipse indicated on the graph. We will be looking for some nice reversal patterns and more confirmations before opening BUY positions and aiming for the previous HIGH🔮
EURAUD Long - Bullish market structure with higher highs and higher lows, waiting for price to come into 61.8 fib level, before taking long position
- 1:8RR, 2% risk
EA Short term buy opportunityEA is looking to go on the upswing. This may be a good short term opportunity. What are your thoughts? Comment below if you see a different trade idea. Also, if you would like to take this trade, please use proper risk management.
EURAUD - BULL RUN?EURAUD could be on the verge of a bull run. Wait for price to break the daily level clearly and then retest it. Ideally the retest would happen where the ascending trendline converges with the daily level.
Goodluck and trade safe!
Euraud 4h time frameExpecting the price will make a correction from the current level and continue with bullish momentum
EURAUD Falling Channel BreakoutEURAUD Falling Channel Breakout & Retest Done.
EURAUD Falling Channel existed since October 20, 2020, and just broken and rested the broken zone.
I am expecting a Bull Rally from here. I have also mentioned all the expected TPs in the chart.
Use only 3% Risk of Your Account
If you are taking this trade, please do proper Risk and Money Management as I will not be responsible for any loss.
You will be the only one who will be responsible for the loss if any.
Happy Trading!
