Euraudtradingsetup
EURAUD SHORT The price make nice break out for short trade with many confirmation on it, as you all can see channel pattern from daily price already touch the upper resistance channel pattern with nice breakout from the flag pattern and resistance area. The price also make nice big red candle confirmation so i assuming it will low as target. Remember your money management !
EURAUD 4Hr Multiple Opportunities Short
As is, EURAUD is trading below previous Buy-zone.
For successful Short trade, rejection confirmation is necessary at prices 1.56045 and 1.55832
However! A very important point to note:
Price is ALREADY INSIDE A Monthly timeframe BUY-ZONE,
ie 1.53609 | 1.56976 IS Buy-zone for Target 1.63463.
This makes 1.54173 | 1.53609 zone have Confluence of Support.
Therefore, for this SHORT-TERM Short trade to be a success:
Confirm rejection to the downside at prices 1.56045 and 1.55832
Be aware that Buyers are exceptionally heavy at 1.54173 | 1.53609 zone--- Meaning, this is a zone where Long entries can be executed using confirmations.
Note: Idea is to complement your research.
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EURAUD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURAUD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Possible sell setup for EURAUDEURAUD has been in a clear downtrend since October 2020. This trend is quite clear from the daily timeframe to 4hr and 1hr. Price pulled back and broke our of the down trend breaking my resistance trendline however it failed to takeout the previous lower high and retreated back to close below the resistance trendline. I have adjusted my trendline to the new lower high.
I had a support trendline for the pullback on this sell and it has been broken confirming that I can get back into the sell.
Price created a support level before it broke my support trendline. I am waiting for a pullback to that level and a reversal pattern for me to enter on this pair.
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.)
EURAUD Short term Sell Signal SetupHeres my analysis on EURAUD before the week gets started.
enjoy a free signal.
trade at your own risk.
SELL
Symbol: EURAUD
Entry: 1.6875 (Sell Limit)
Best Entry: 1.6915 (Sell Limit)
Stop Loss: 1.696 (-85 to -45 pips from B.E.)
Take Profit: 1.676 (+115 to +155 pips from B.E.)