Euraudshort
EUR/AUD Full Update And My View For The Next Few Days This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/AUD Short IdeaDouble Top Formed On Daily Timeframe.
Bearish Trending Channel.
8 & 18 MA's Trending Bearish.
Break of Daily Trendline.
**Possibly a good price to enter at current market, can always look for a closer entry point on a smaller time-frame.**
*Target is at the start of the broken daily trend-line.*
EURAUD| EXPECT SOME BOUNCEEURAUD has reached to important support zone and a bounce is expected from it now. Since 25th Nov 2021 the pair is trading above this support zone. A little time it will spend here and falling trendline is the guague for bullish reversal.
Alternatively, breaking below the support will continue the bearish spell and expect more sell of from it.
Trade your levels accordingly.
EURAUD | Breakout insightEURAUD, price has been in congestion for a long amount of time now and we are looking for breakout anytime now. Price is standing at good support and if breakout appears over trendline one can enter long in here.
Alternatively, break of support zone will calls bears back in the party and attempt short position from there.
Trade your levels accordingly.
EURAUD | Falling WedgeEURAUD is trading in falling wedge making lower highs lower lows. This pattern is bullish reversal, so a buy on dip is suggested with stoploss in place below support. We expect bulls to be active and push the price to atleast mentioned zone.
To negate this view, the bears should break the support and void the bulls power.
Trade your levels accordingly.
EURAUD is in sell zone!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.