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Euraudsell

EURAUD reversed from resistance, potential drop! EURAUD reversed off its resistance at 1.62552 where it could potentially drop further to 1.61788. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
EURAUD - FOREX - 18. JUNE. 2019DACAPITALTRADING V2.0: Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Crypto-Currency Markets every day! - 1 HOUR Bullish price action and pressure. 4 HOUR H4 Price action broke previous highs and resistance. DAILY Overall strongly bullish waving market with several x-a waves and sctructure. - FOREX SETUP SELL EURAUD ENTRY @ 1.63900 SL @ 1.64680 (80 Pips) TP @ 1.62570 (130 Pips) RR: 1.70 Use normal Risk (1% per Position) (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
50
Going DOWN UNDERWe are going down under. As you can see price is nearly at a key daily and monthly level and we can only see downside bearish movement IF price enters our resistance zone again... we will be waiting for price to enter this zone before taking a trade though... be patient and if price drops now from where it is before entering our zone and you miss the trade so what, don't cry and move on... The market will present plenty more opportunities. Most people do not have the mind set for trading which is why they fail, this is the education systems fault.. but that's another story for another time ;p Come have a chat with us if you like our style of trading to see how we can help you.
Short
by ApexFX_Pro
Going DOWN UNDERWe are going down under. As you can see price is nearly at a key daily and monthly level and we can only see downside bearish movement IF price enters our resistance zone again... we will be waiting for price to enter this zone before taking a trade though... be patient and if price drops now from where it is before entering our zone and you miss the trade so what, don't cry and move on... The market will present plenty more opportunities. Most people do not have the mind set for trading which is why they fail, this is the education systems fault.. but that's another story for another time ;p Come have a chat with us if you like our style of trading to see how we can help you.
Short
by ApexFX_Pro
1
EURAUD - A TUG OF WAR BETWEEN BULLS & BEARS CONTINUEThe EURAUD weekly chart above reveals that the rally from February 2017 low to as high as 1.61957 in March 2018 took the shape of a textbook Elliot Wave leading diagonal structure. The pattern is labeled (i)-(ii)-(iii)-(iv)-(v); wave (iv) overlap wave (i) high which make the whole advance an Elliot wave motive diagonal rather than an impulse. The Big Picture Still Remains in Favour of the Bulls According to the theory, the motive waves “leading diagonal in this case” point in the direction of the larger sequence, and a three-wave retracement in the opposite direction follows every motive pattern. Here, EURAUD correction seems to be unfolding as a "top flat ascending triangle" pattern labeled (a)-(b)-(c)-(d)-(e). Price has drawn wave (a)-(d) of the triangle and remain wave (e). So, in the short term, the price has the potential to move lower to complete the wave (e) of B. However, once the corrective phase of the cycle is over, the larger trend resumes in the direction of the motive wave. This means that once the corresponding triangle correction in wave B is over, another rally in wave C can be expected. The resistance area around 61.8% Fibonacci level of the monthly impulse structure “Not show on the chart” is plausible for the bulls. Bottom Line If this count is correct, traders should expect a short term decline and long term advance in EURAUD as planned on the chart. Did you like this analysis? Let me know your thoughts in the comment.
by Veejahbee
6