Euraudtrade
EURAUD Short: Daily Charts Potential Profit Targets: Evidently Targets are for swing trades.
Looking left, price broke 1.65483 Resistance after several attempts. Idea is price is likely to retest broken Resistance.
Looking left, price has tendency to retest 200ema and occasionally 365ema-- another good reason to consider profit targets at these levels.
Check comments section for future updates on idea.
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EURAUD SHORT: Examination of last impulse for profit targetsAssuming EURAUD creates No new highs above current high of 1.70697 (High Via TOS Charts)
A list of targets bound for retest can be created on Daily charts from most recent price-impulse structure.
Retests are probable at:
1.67617
1.66289
1.65483 (Major Resistance! More like Key Take-Profit)
1.63945 (Upper Range boundary)
1.63591 (Governs if Price has more bearish potential to Buy-Zones)
1.6252 (Take-Profit on retest)
1.62358 (Take-Profit on retest)
1.61962 (Buy-Zone to Hi 1.70697)
1.60663 (Take-Profit on retest)
1.60135 (Buy-Zone to Hi 1.70697)
1.5932 (Lower Range boundary)
1.56979 (Future Buy-Zone)
1.53612 (Future Buy-Zone)
1.53656 (Future Buy-Zone)
1.48499 (Future Buy-Zone)
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EURAUD SHORT: There's chance Price Test at 1.74691 Currently Price is trading above critical levels, "potential" one more up-push to 1.74691 before anticipated rejection to down-side.
Meaning another GTC short opportunity at 1.74691-- OR possibly Decline is already on its way!
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EURAUD Short! All Entries Done! Where's Red-Zone?
Entry Levels 1.67479/1.67587/1.68292/ 1.69902 Completed!-- Upon price decline, expect potential retest of corresponding color-code dashed lines.
ie Test of 1.70218 (Aqua) likely to cause retest of 1.66094 (Aqua) and 1.58148 (Aqua).
Test of 1.67587 (Yellow) likely to cause retest of 1.65574 (Yellow).
Red 1.63591 is determinant of Lower Buy-Levels upon Monthly Sell-Off
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EURAUD and the SELL ZONEWe need to wait a little but the sell zone is there, we have a evening star that says to us that the value needs to fall before continuing the rise, we also need a retest in the downtrend and a previous accumulation in the KL, this could be also a confirmation to rise up, the EXY is starting to fall so care about this accumulation because it could go down without this accumulation and accumulate in the future increase.
EURAUD SHORT! A look at the Idea Price has posted a High 1.67633 and declined from probable rejection as suggested by earlier EURAUD Short post with critical levels:
1.67479/
1.67587/
1.68292/
1.69902
A view at charts has price clear off red targets (looking left) from previous swings-- Meaning price is behind in reaching its targets and is currently testing levels from previous (not current) swings.
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EURAUD (SHORT TERM SCALP)Looking at the break of the channel in order to scalp the market and maybe get a few pips from the move. Will use 1.64060 as my trailing stop and will follow this trade very closely as i have 3 levels here i will move stops and try and secure profits according to my strategy. This is very short term so far. Until i get more information from the markets, I will not try and hold this trade.
Watching these levels
1.63564
1.63154
1.62699
EURAUD LONGS !!!This pair has come to a level of interest for me, I will only be entering longs if we see rejection from the purple box region, need to see a doji formation or spinning top on the 4hr or a hammer candle formation for us to enter this trade and take it up to 1.69
Take partial profits.
700 PIP GAIN 15/1 RR BIG TRADE !!
SELL EURAUD ON DAILY CHARTEuro Australian Dollar (EUR/AUD) Exchange Rate Falls as ECB Leaves Rates on Hold
The Euro Australian Dollar (EUR/AUD) exchange rate slumped following the European Central Bank (ECB) meeting. The pairing is currently trading at around AU$1.6130.
The ECB left interest rates on hold during its January meeting. It is also expected to leave monetary policy on hold in the meantime.