Euraudlong
EURAUD- Bullish Set-upLooking at a buy set up for EURAUD
1. Red circle to the left denotes a break of the monthly trendline.
2. Red circle to the right denotes a retest of the same zone that the monthly trendline was broke, which is in confluence with the 50-61.8 1hr and 4hr Fib zone.
3. I am looking for a swing low and a break of the down trendline for an entry long, with the first target at the 1.56588 zone marked in green.
4. TP 3 is denoted with the higher green zone. If the price breaks this level, look for it to take a long ride back to the previous high of around the 1.595 area.
[EURAUD W4 Mar 2021]EURAUD
Long Setup
This pair has a potential to rise another 90-100 pips to complete the first wave of the Elliot Wave Theory,
before dropping a 200 pips to form the major Wave-2.
After that is another potential rise to 1.59000-1.60000 area (~+500 pips) or higher for a 3rd impulsive wave
EUR/AUD Is Expected to Fly Soon 🚀🚀🚀💡 Trade Idea
📈 EUR/AUD | Buy Limit Order @ 1.5472
🎯 Target Profit 1.5566
🛑 Stop Loss 1.5435
❌ Do not risk more than 1% of your account on each trade
🙂 Good Luck !
Description:
The price is trading within a bullish channel formation where the price formed a bullish flag formation. A slight correction to the downside is expected to the 1.5472 USD mark and then we expect a breakout of the bullish flag formation to the upside and then it might reach the 1.5566 USD level.
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EURAUD is approaching resistance | 22 Mar 2021 | Short IdeaDear Traders,
#EURAUD are facing bearish pressure and a break below our downside confirmation could trigger a further drop.
#EURAUD_Sell @ 1.54593 I SL-1.54900 I TP-1.52716
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EURAUD is facing bullish pressure, potential for more upside!Price is facing bullish pressure as it continues to hold above the ascending trendline support and Ichimoku cloud, in line with our bullish bias. We could potentially see further upside above our 1st support, which is in line with our 38.2% Fibonacci retracement, 50% Fibonacci extension and horizontal overlap support, towards our 1st resistance, which is in line with our -27.2% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing high resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EUR/AUD BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup.
EUR/AUD: Daytrade-Execution
Notice: Aggressive management and potential early exits if market breaks resistance.
Market-Buy: 1.53500
Stop-Loss: 1.53250
Point of Risk-Reduction: 1.53740
Take-Profit: 1.54150
Stop-Loss: 26 pips
Risk: 0,5% -1%
Risk-Reward: 2,40
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Peace and good trades
Irasor
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