Euruadanalysis
Long EURUAD ( As AUD going under Bearish Correction 1.6650$The trend of EURAUD pair movement was controversial as it took place in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 1.6220 and 1.6520 Also, the daily resistance and support are seen at the levels of 0.1.6200 and 1.6500 respectively.
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The current rise will remain within a framework of correction and holing long term Trend line. However, if the pair fails to pass through the level of 1.6100, the market will indicate a bearish opportunity below the strong support level of 1.6000 and open downside towards the next support level 1.5800. Since there is nothing new in this market, it is not bullish or bearish yet. If the trend breaks the daily base resistance 1.6350 level the pair is likely to move Upside continuing towards R-1 1.6650 And R-2 1.7100.
🛑SUPPORT/RESISTANCE
✅S1= 1.6000
✅S2=1.5800
✴️R1=1.6650
✴️R2=1.6800
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EURAUD Buy signal setupHeres my analysis on EURAUD before the week gets started.
enjoy a free signal.
trade at your own risk.
BUY
Symbol: EURAUD
Entry: 1.6660 (Buy limit)
Best Entry: 1.6625 (Buy limit)
Stop Loss: 1.6510 (-150 to -115 pips from B.E.)
Take Profit: 1.6860 (+200 to +235 pips from B.E.)
Take Profit 2: 1.6970 (+310 to +345 pips from B.E.)
Bullish Monthly base towards 1.7500 with correction Long downside correction has been done and coming week to monthly upside correction expecting more than 500+ pips
Trading Recommendation Idea:
Entry: Long 1.6550
Reason for Entry: Support level ( OLD resistance become support)
Take Profit: Target set on the chart
Reason for Taking Profit: Horizontal swing low support, correction upside
Stop Loss: 1.63.10
Reason for Stop loss: Support level breaking.
Always follow risk Management and above information #DYOR
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Long From Price 1.6850/60 Level (Big Correction Upside weekly)EUR/AUD Analysis
Current Trend limited downside
Weekly Trend Upside
Reason: Waiting for support level 1.6850. ( Resistance become support )
🛑SUPPORT/RESISTANCE
✅S1= 1.6850
✅S2=1.6790
✴️R1=1.7000
✴️R2=1.7300
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SELLING EURAUD @ MARKET 1.7067I've taken quite a few pips out of this pair over the last 2 months and another SELLING opportunity is being flagged by my Disciplindicator Indicator.
The strong support indicated has been tested many times over the last week or so and this is weakening the line. With the incentive of WS1 pivot as a target I believe the BEARS will break through and break this SUPPORT.
I'm in at 1.7067 with a target initially of WS1 at 1.6941. I still believe 1.6300 is the ultimate target of the BEARS and possibly lower as the EUR remains under pressure. My STOP is 1.7102 for a 35 pip risk.
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! 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 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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EURAUDafter a massive bearish weekly we anticipate some liquidation/relief/profit taking etc into the 1.65200 zone for the first target
daily - 4hr and so on we are giving signs of exactly this as the 1.610000 psyh zone has proven relentless - (look left)
weekly candle = bearish - play pullback - be patient - secure entries
let us execute this week
cheers.