Euraudsetup
EURAUD may continue bearish to 1.59000 areaEURAUD made a pullback and may continue to complete a bullish crab at 1.59000 area...
EURAUD ShortWe have to watch 1.6260 level if any strong bearish 4h closer we are for sell, I think that level will be tested again, but trade safe this pair is a pain in the ass and can do big manipulations.
My advice don't trade this pair until you see a candle you want in that level because that level is the level where the manupilation
is made, I think that level will be tested 3 4 times until aussie gets stronger.
And make sure you put a big stop loss for this pair.
EURAUD Harmonic BAT Analysis and StrategyThis pair recently fell from a major resistance zone and price action has also recently broken below a major trend line trend line (yellow). This trend line has become a resistance zone as well. We also see the formation of a harmonic Bat Pattern and we predict it will be completed. These are all bearish technicals and our strategy is to trade the 4th leg of the pattern. FX:EURAUD
EURAUD Harmonic Crab Pattern Analysis and Backup StrategyIn addition to our AB=CD harmonic pattern analysis we are seeing the formation of a Crab pattern as well. As a fallback strategy, if the resistance zone on the previous chart is broken then we are predicting the harmonic crab pattern to be completed before price falls to the targeted zones. We will post more updates as we see how the strategy plays out. FX:EURAUD
EURAUD SELLLooking at an overall sell to 1.51859 long term. Directional bias bearish . Price currently in downward push on daily. Waiting for a retracement for sell entry. Anticipating retracement to 1.62088, looking at this area for potential sell entry. Will take partial profit at 23.6% at 1.59931 for 301.1 PIPS if price breaks down past major support at 1.60284.
EURAUD BATMAN???EURAUD Is making new lows suggesting that a Head and shoulders pattern is forming at the end of this long bullish Run indicating a potential reversal for the EURAUD market.
EURAUD ELLIOT WAVE ANALYSIS - WHAT NEXT?With a bullish reversal already in place in EURAUD, it is now possible to identify the bottom at 1.56836 as the invalidation level for the bullish outlook. This means that as long as EURAUD is trading above 1.56856, the big picture bullish outlook remains valid.
Trade Setup
Considering that EURAUD seems to be completed a five-wave impulse in wave 1, a three-wave pullback in wave 2 is expected to offer a good risk/reward buying opportunity. Wave 2 has the potential to retrace more than 50% of wave 1 but must not trade below the invalidation level for the setup to remain valid.
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Once the pullback is completed, a five-wave impulse is expected in wave 3, which has the potential to move beyond the high of wave 1 and reach one of the Fibonacci targets for wave 3 "1.618 FE," as projected on the chart.
Thanks for reading!
Veejahbee.
EURAUD Harmonic BAT Analysis and StrategyWe are predicting the Harmonic BAT Pattern to complete as shown on the 4 hr chart with the condition that the yellow support zone is not broken. We are trading the 4th leg of the pattern with targets set at the green zones. FX:EURAUD
EURAUD UPDATE!!!!Patience pays, remember every level will eventually be broken. got some positions in (0.01 lots) there are 2 scenarios here.
1.My stops will be hit.
2.My tp will be hit.
either way i have accepted a loss before ive accepted a win.
Abit of advice from a noobie, before you take a position dont have expectations. so dont go into a trade with winning in mind. personally i accept a loss the moment i place a trade. this way you will deal better with losses rather than taking a trade and expecting a win.
when expectations are not met especially in trading, it will make you feel horrible.
EURAUD / Gartley with Wedge PatternEURAUD / Gartley with Wedge Pattern
Hello! I have for you a very interesting SHORT idea:
Stop on the chart. All details available on the chart, but if you need - please comment and let's discuss.
