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Euraudtrade

EurAud- Where is my buy zone?In the past 2 weeks, I draw attention to EurAud and said that a break above 1.5850-1.59 resistance is probable and, in that case, the pair could rise to the next 1.62 resistance. This happened on Friday... In my opinion, the trend for EurAud is up and we should look for opportunities to buy. Looking at the chart we see that the pair is retracing some of the up move, which is normal after a 400 pips rise in 3 days. This should offer bulls an opportunity to join the trend and a good place for buys is around 1.6 figure.
Long
by Mihai_Iacob
5
EURAUD Can give an UP side BREAKOUTEURAUD currently facing a small RESISTANCE between the price of 1.59356-1.59783. If you look at the above chart you can see there is a triangular pattern formation. If you look at candle near the RESISTANCE area you an see 4 small candle and a big BULLISH candle, which covers all the previous candle. There is a HIGH chance of giving a up side breakout by next week. In case if it respect the RESISTANCE are then it can fall till the blue TRENDLINE that I have drawn in the chart. MY OPNION- One can take a LONG POSITION by putting a STOPLOSS below the blue TRENDLINE that I have drawn in the chart. NOTE ENTRY-1.58000-1.59500 STOPLOSS-1.56000 (Adjust it as per the blue TRENDLINE if it goes up) 1ST TARGET-1.62500 2ND TARGET-1.67950
Long
by chartisttrader1
EurAud to break resistance, 1.62 remains my targetIn my previous analysis on EurAud I said that as long as 1.56 is intact, the pair is in an uptrend and once 1.5850-1.5900 resistance is cleared, the pair can continue its rise to the next important resistance at 1.62. Last week EurAud dropped to confirm again 1.56 as support and today we can clearly see that dips are bought I expect a break up sooner rather than later and only a daily close under support will negate this bullish scenario
Long
by Mihai_Iacob
11
EUR/AUD long positionAnalysed as far back as 7th December to identify current market setups Market is in a clear long term bullish setup but short term sells. Awaiting on confluence based on: Fib zones (seen by green lines) Support zones (Seen by green lines) Candlestick pattern (awaiting buyers in the market) Once confluence is seen on H4 will go to lower timeframes (15/30 min) and await further bullish momentum for entries. Also keep in mind news as price will either hit SL alot faster or TP will be hit faster.
Long
by motheomabudusha
EURAUD: Fake BreakoutI believe we may be witnessing a fake trendline breakout here on EURAUD due to the fact that the main demand is still being rejected. We created EQL's within the demand which has now been liquidated, this could be enough liquidity for the banks to make a buy move. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! --------------------------------------------------------------------------------------------------------
Long
by AlkalineFX
10