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Euraudsell

EUR/AUD - 4H push to the downsideEUR/AUD price broke to the downside of a weekly ascending trend channel on 27th August. Since then price has bounced back up to retest the weekly trend channel. Price has now formed a lower low and has started to respect a 4H descending trend line. We are now looking for a short entry as price continues to the downside. The first target will be 1.6150 with a secondary target of 1.5775. If price forms a higher high or closes back above the weekly ascending trend line this analysis will become invalid.
Short
by TheForexFellows
3
EURAUD - SWING - 14. SEPT. 2020Welcome to our weekly trade setup ( EURAUD )! - 1 HOUR Very bearish price action breaking below main sr level. 4 HOUR Overall sideways moving market, good short entries! DAILY Expecting another push to the downside. - FOREX SWING SELL EURAUD ENTRY LEVEL @ 1.62820 SL @ 1.63440 TP @ 1.61970 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
23
EURAUD is approaching 61.8% fibo 200 Exponential moving averageEURAUD The recent covid developments has cause the euro rise on phenomenal range and the euro central bank also hint with further stimulus will be provided if needed.The euro recover plan has helped the risk assets to get some positive move. Broad weakness of USD is also a factor in rising of euro. At around 1.65500 minor psychological level the EURAUD got some rejection and felled towards 1.61500 which is around 350 pips move. Vaccine development news help the Aussie dollar to get some earlier loses against euro. Though the virus spread in Victoria state caused some further lockdown restrictions. Currently the price is trading below the 50% Fibonacci level. We can expect minor rebound towards 61.8% Fibonacci level coordinates with the crossing of trend line And 200 Exponential moving average 1.64000 is a low volume and major psychological level. Shorting at this would give us a good risk reward ratio. Primary target would be 1.60350,. Stop lose may place above 1.65000 level Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas Disclaimer It’s not a financial advice. Do the analyze and take a decision.
Short
by forexorbit
EURAUD - SWING - 17. AUGU. 2020Welcome to our weekly trade setup ( EURAUD )! - 1 HOUR Bearish market open and price action. 4 HOUR Break and close below main sr level. DAILY Overall bullish market about to turn. - FOREX SWING SELL EURAUD ENTRY LEVEL @ 1.64710 SL @ 1.65400 TP @ 1.63750 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
18
EURAUD - SWING - 05. AUGU. 2020Welcome to our weekly trade setup ( EURAUD )! - 1 HOUR Bearish break below main sr level. 4 HOUR Overall bullish market turning right now.. DAILY Great short entries for a retrace setup, expecting a push to previous lows. - FOREX SWING SELL EURAUD ENTRY LEVEL @ 1.64670 SL @ 1.65360 TP @ 1.63630 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
45