Bearish cypher on the EURAUD 4H. Price has been consolidating, which is prime for these types of patterns Entry price: 1.48885 Stop loss: 1.50412 Take profit 1: 1.47900 Take profit 2: 1.47116 Targets will be adjusted based on extension of the D leg. Will move to breakeven if T1 is hit.
Sell EURAUD at 1.5612 Target 1.5542 you can enter now then add another entry later. Tight stops as always.
Price is approaching 1.5647 place of interest. Look for entry to short. Targets below current low of 1.5560. Use proper money management.
EUR/AUD to continue weekly bearish trend and complete fib in lower timeframe.
May as well grab some pips here with the bearish divergence on the hourly. Even if it’s just like 50% ish retracement. Trend might be overall bullish... only time will tell 🙃
Hi Guys. Please refer my analysis about EUR/AUD Hope you a have good deal with it.
Rejections from this highlighted zone, I see EUR/AUD falling to the daily level of 1.60346
EURAUD has formed a rising wedge when approaching a strong resistance level indicating high chances of reversal. We can follow it closely to go short for the pair.
possible wick off to price zone 1.61456 faking break of range zone and price pulling back down to the ranning zone between zone 1.57077 and 1.60572.
The price move into rectangle channel and near to resistance zone of this formation in addition the price almost to complete AB=CD so the pair looks bearish . short levels , targets and stop lose are clear on chart > This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price action...
I'll try to catch some profit on EURAUD. Open sell order on 1.5927 SL at 1.5986 TP at 1.5741 RRR is 2.87 Interesting position. Good potential. Near important news is on Thursday 14,March on EUR.
I opened sell order on EURAUD on 1.5930 because i see head and shoulders pattern and 2 levels (blue squares) and 2 breakouts of this levels. TP - 1.5745 SL - 1.6005 RRR - 2.46. Sl near 74 pips so use lower trading volume. Good profit for all us!
FX:EURAUD Target entry @ HNS Right Shoulder - 1.5800 SL @ 1.5910 TP @ 1.5500 TRADE AT YOUR OWN RISK
Nice Short Setup formed. Short CMP stop and Target mentioned on Chart.