EUR/AUD for buy $$$Hi traders and anvestors , we have a breaks of the great resistance
so you shoud buy (eur/aud)
Euraudbuy
EURAUD - Buy position taken for a swing tradeeuraud ready to rally up from here according to its bullish weekly structure and risk on status. I see this pair rallying up 1000s of pips as the next drop happens in indices!
EURAUD buy Analysis Euraud shows an emerging shark pattern in confluence with wave 5 of an impulse wave structure.
the minimum target is to think of truncation of wave 5 and that will be at the price region where wave 3 terminated.
Goodluck
Long EUR/AUDECB'S De Guindos warned on Friday that Q4 growth will not reach the target 3%... he also said that the eurozone will start to see positive rates by 2021, so we have lots of mixed verbiage coming from ECB. With that info, I'm looking towards the technicals and taking a long based off a break and a pullback towards my down trendline.
EURAUD - Long (Buy Limit Order)Liquidity has been grabbed and price will come to 1.66147 level and continue bullish.
Note: Trade at your own risk
EurAud- Stop hunting and 1.7 after?After a false break of what should have been strong support at 1.6550-1.6600 zone (In my opinion stop hunting, and liquidity search for longs) EurAud finished the day with an immense bullish engulfing from the trend line support and above horizontal one.
I still have a target of 1.7 for this pair and corrections should be bought
EurAu- possible rise with double confirmationLast week EurAud broke violently above 1.66 resistance, accelerated and reached a local high at 1.68.
A normal correction followed and the pair come to confirm old resistance as new support.
Now the pair is trading upwards, also above the descending trendline and looks ready to resume its upward move.
Buy dips for this pair is my preferred strategy.
EURAUD setting up for a nice long positionEuraud setting up for a up trend, follow price action on smaller timeframes, buy between the areas suggested and set the tp to 1.70, stop loss bellow 1.62600
EURAUD, daily tf, buy on retest of supportHello my friends,
The second setup for next week gonna be EURAUD pairs.
As you can see this pair has shifted from bearish to become bullish as price now making higher highs and higher lows.
There is not many things to analyze in this pair and i am just gonna use simple support and resistance along with price action.
I do see a possibility that price making a triple bottom or cup and handle pattern previously but i will still keep it simple.
Notice that i have marked 1.6540 as a horizontal level of support.
Drawing a fibonacci retracement we could see 1.6520 is where 61.8% fibonacci level located, it is also the area between EMA-10 and EMA-20 so we could see some buying power around that area.
The last friday candle closed with a doji so i could say the retracement of EURAUD pretty much going to end soon.
I am gonna set a buy limit order in this pair.
Buy EURAUD 1.6520
Stop loss 1.6470
Take profit 1.6775
RR ratio 1 : 5.2
Use only 1-2% risk
Good luck
Euraud Daily ChartPrice broke long term daily resistance now retesting it.
We would be interested in looking for long entries on lower time frames like 2hr or 4hr with some confirmation.
Always use a stop loss with proper risk management by not risking more than 1-2 percent per trade.
Thanks for being here, Stay tuned.
EurAud- Is the correction over?I was bullish EurAud ever since 1.65 and the break above 1.66 came to confirm my outlook.
The break was violent and the pair skyrocketed to 1.68 in a straight line.
A correction after this violent rise was normal and this gave bulls the opportunity to open long trades on dips.
Now the pair found some support on 1.6650 zone which is also 50% fibo retracement and the correction could be over now.
A confirmation of this outlook comes with a daily close above 1.67 and this also opens the door to further gains to my predicted target of 1.7
EurAud- buy dips is my strategyAfter breaking 1.66 important resistance, EurAud went, like a racket, straight up to 1.68
Now the pair is in a normal correction which can represent a good opportunity to buy dips for a resumption to the up move.
My target for this pair remains 1.7 in the medium term and I will look for opportunities that offer a good R:R
EurAud- Real breakYesterday I was wondering if the break above resistance is genuine, and it looks like it...
Now EurAud is trading well above resistance and is determined in its way to 1.7
Dips should be bought for this pair and the R:R could be more than 1:2 for a long trade
EurAud- genuine break?For 5 months now, EurAud is trading in a range...
However, From September the move looks constructive and in October we have a new base at a higher price.
The pair is trading now above resistance and this could be a genuine break.
I'm strongly bullish as long as the price stays above 1.65 and in the case of a real break I expect a rally to 1.7 zone
