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Euraudsell

EURAUD forecast for the next few daysWith EURUSD heading to take a possible fall, the minor EURAUD is also exhibiting the signs of weakening Euro against Australian Dollar. This may be a smaller frame analysis but with the huge engulfing with the last daily candle seemingly warrants to favor the bears. Technical prospects of the EURAUD Analysis: 1- Proper Head and shoulder exhibited by H4 timeframe 2- Bearish engulfing on daily frame 3- Last possible H4 Lower Trendline broken Since, Head and Shoulder pattern travels back to its base, or at least near to the base, we might be looking at the trade possibility of 300+ pips. The price chart says that EURAUD is heading down low. The rectangle marks the target support region of the trend. Best of luck, Happy trading and Happier Profits!
Short
by Uzi-Trades-Forex
EUR/AUD - SELLMonthly: 1. Impulse 2. Brake of previous structure 3. Correction on lower timeframe Looks bearish at this moment Weekly: We can see more clearly on the Weekly timeframe the impulse, brake of structure and correction. Looks bearish at this moment. Daily: Fibonacci is added from lower timeframe 1.Impulse 2.Correction 3. Engulfing Daily candle from Fibonacci level Going to make a entry on 4h timeframe 4H: Bearish Engulfing candles and pinbars from fibonacci levels. Good time for entry RR 1:4
Short
by Trader_Petrov
EUR/AUD SELL IDEA (NEW SETUP)Hey tradomaniacs, welcome to a new free trading-setup. EUR/AUD:Daytrade-Execution Notice: New setup! Recent trade g ot stopped out at break-even due to high spread when market closed. Market-Sell-Order: 1.58460 Stop-Loss: 1.58755 Point of Risk-Reduction: 1.58240 Take-Profit: 1.56990 Stop-Loss: 30 pips Risk: 0,5% -1% Risk-Reward: 5,0 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Short
by Trading2ez
2