Euraudbuy
EURAUD - false break out Far level retest.
The price is returned for the retest level the previous touch of the level more than 1 month ago. Moreover, a strict number of false breakdowns.
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EURAUD- BULLISH H4 SETUP READYEuroaussie looking rather bullish on H4 timeframe after leaving behind some fresh demand which is now being tested, nice R2R for entry
EURAUD is back at the bottom watch for buysEURAUD is back at the bottom watch for buys for long term tp 1.70
EURAUD, daily tf, buy upside ABC correctionHello my friends,
Another trade i took today is EURAUD pairs.
As you can see, i've marked the elliott wave movement and in my opinion we're now done with all five waves.
Wave-5 usually end at the 127% fibonacci retracement of Wave-4.
We can expect an ABC correction to the upside from this point.
Notice that price actually broken above the descending trendline but only retested it down below at 1.6070.
It looks like there is also horizontal support here as well.
In conclusion it is an area of confluences.
I already take a buy position from 1.6070 and still holding it.
Buy EURAUD 1.6070
Stop loss 1.6000
Take profit 1.6210 (2R)
RR Ratio 1 : 2
Use only 1-2% risk
Good luck
EURAUD [H4] Descending near Strong support 🔥🔥EURAUD Descending near Strong support 🔥🔥
Now EURAUD Down near Strong support Wait untill P/A and Entry BUY
✅Resistance ▶ 1.622XX
🔥Support ▶ 1.614XX
Goodluck
Ton Trader
🙏🙏🙏🙏🙏
EURAUD, 4hr tf, buy elliott wave setup wave-(v)Hello my friends,
Here is my setup for EURAUD.
I am using elliott waves rule for this trade to get 4.5R trade setup.
As you can see price now on a correction after an impulse wave-(iii).
Fourth Wave usually are only a quick correction and stopped around 50% fibonacci of Third Wave.
After counting the fibonacci retracement, we could try putting a buy limit order at 1.6315 which is the 50% fibonacci retracement of wave-(iii).
For protective stop loss, we will use elliott waves rules where Fourth Wave could never touch First Wave.
Buy limit EURAUD 1.6315
Stop loss 1.6270
Take profit 1.6450 (3R)
RR ratio 1 : 3
Use only 1-2% risk
Good luck
EURAUD is preparing for a wave to the upsideEuraud is on sideways market for now, but its preparing for a bigger upmove to the target 1.70, we have completed all waves on the downtrend, expect now price to rally
Watch lower time frames to add buy
EurAud- Bulls needs to conquer 1.62Yesterday EurAud had a false break under 1.6150 important support which was reversed quickly after.
At this point, we have a higher low in place exactly in this support and the pair looks very well bided.
A break above 1.62 would confirm that the pair could correct further and gains should accelerate to 1.6350 resistance.
I will stay bullish as long as yesterday's low is intact
EURAUD - SWING - 23. NOVE. 2020Welcome to our weekly trade setup ( EURAUD )!
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1 HOUR
Price moving sideways..
4 HOUR
Expecting another push to previous highs.
DAILY
Overall sideways moving market after a bearish structure, good long entries!
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FOREX SWING
BUY EURAUD
ENTRY LEVEL @ 1.62040
SL @ 1.61680
TP @ 1.63140
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EurAud- I say bullishAfter finding a bottom in the important 1.6150 zone support, EurAud rebounded around 200 pips.
Now the pair is trading in a congestion range forming a symmetrical triangle and, although triangles are a continuation pattern, I expect the break to be on the upside in this case.
1.63 is the zone that should be conquered by bulls and a daily close above would accelerate gains towards and above 1.65
As long as the pair stays above 1.6150 I'm bullish
EUR/AUD Wave Analysis EUR/AUD Wave Analysis
The counter is correcting in an ABCDE formation.
It has completed wave D and is taking support at the trendline.
Further, the the stochastic oscillator is forming an inverted head and shoulder at the lows.
We expect the pair to move higher to complete wave E.
EurAud- bullish above 1.6150After beaking the falling wedge resistance last week, EurAud rose to 1.6350 zone
Now the pair came to confirm 1.6150 as support and we can assist in a new leg up for this pair
The first resistance is 1.6350 followed by 1.65 important zone
I favor longs
EurAud- In buy zoneOn Friday I've spoken about "buying dips" on EurAud.
Now the pair is trading in my predicted buy zone and a long trade around this level could;d have a 1:2 R:R
I'm looking to buy this pair
EurAud- Where to buy?From 1.68 recent top, EurAud had quite a drop reaching 1.61 zone and major support (see daily chart)
Now the pair broke above falling wedge resistance and there is a high probability to continue higher.
I'm looking to buy this pair and 1.6230-1.6250 zone could be a good place for longs
EURAUD - BUY AFTER FALSE BREAK OUT The price is returned for retest level - the previous touch of the level more than 6 month ago. moreover, a strict namber of false breakdowns.
Thank you very much and thank you to the responsive commentators for their understanding.
I spend my personal time tracking the market situation and share my opinion openly with you.
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