Get started

Euraudbuy

SIMPLEAll is explained in the chart, price is currently at a strong support level that has previously been used as strong resistance so this proves this is a very strong key level. This is as simple setup as you can get with 2 very nice targets that if met will have you counting your money for days ;p You can also use a tight stoploss on trades like this because if this support is broke then there is a very high chance that bears will take over pushing price lower, there is a chance that price could create a bearish spike around levels this strong to take out any stop losses ion the area before bulls take back over and push price up, if this happens and hits our stop then we will just enter the trade again. If you need any help trading then just send me a message :) Lots Of Love Laura x
Long
by FreeSignalsUK
3
EURAUD - BULLISH BIASEUR - BULLISH 1️⃣ Euro remained well supported by the latest optimism over a landmark agreement on the EU's €750 billion pandemic recovery fund – aimed at aiding the region’s worst-hit economies. 2️⃣ The IHS Markit Eurozone Manufacturing PMI was revised higher to 51.8 in July 2020. AUD - BEARISH 1️⃣ Consumer prices in Australia declined by 0.3% year-on-year in Q2 2020. This was the first drop in consumer prices since Q3 1997. 2️⃣ All major economic data RBA is negative. 3️⃣ Australia reported a near record 641 cases on Sunday as Victorian Premier Daniel Andrews announced a state of disaster and introduced a nightly curfew. 4️⃣ White House coronavirus experts said that The United States has entered a new phase of the outbreak with infections “extraordinarily widespread” in rural areas as well as cities. ===== TECHNICAL ===== 📊 We looking to long EURAUD on RBS level + SMA50 area. 📊 EURAUD in bullish zone.
Long
by MonsunAsia
1
EURAUD LongThe AUD has been taking the EUR for a ride since March 2020 with little chances for the bulls. On the daily time frame we have a downward trend line starting from April which has just been broken and retested. On the same daily we also have something like a double bottom as price has been trading within this range for about 8 weeks. With such a base been built it's obvious the bears are retreating and the bulls are about to take control. Back to the 4 hour we have seen price create a higher high and a recent higher low which completes an A B C, we are now looking for a D target which would be a -61.8 Fibonacci extension level off the most recent bullish move. On the daily that would be a 23.6 off the drop that started from march 2020. Stops are below the recent 4hr higher low
Long
by mariobillz7
EURAUD BUY POSITION===== MARKET OUTLOOK ===== EUR - BULLISH 1️⃣ Euro remained well supported by the latest optimism over a landmark agreement on the EU's €750 billion pandemic recovery fund – aimed at aiding the region’s worst-hit economies. 2️⃣ German Business Climate came in on the strong side in July. 3️⃣ German Q2 GDP should be better due to spending recoveries. AUD - BEARISH 1️⃣ Australia added a near record 532 cases on Monday, with the president of the Victorian branch of the Australian Medical Association Julian Rait calling stage-four lockdown restrictions. 2️⃣ Dropped in consumer inflation expectations in Q2 will affect Australia's CPI data tomorrow. ===== TECHNICAL ===== 📊 We buy #EURAUD on SMA50 area. 📊 EURAUD in bullish zone. ===== MONEY MANAGEMENT ===== 💵 Please use only 1-2% risk per trade or you can use recommended lot in pinned message.
Long
by MonsunAsia
1