EUR/AUD buy oppotunityEUR/AUD has returned back to an area of support around the 1.6355 level.
Previously we have seen price hit this level of support and then retrace upward towards resistance.
We could see bulls come back into play at this level to drive the price back up to the area of resistance.
I will look to enter a long trend following confirmation of bullish candlesticks as well as crossovers of the MACD and RVI.
Eur-aud
EURAUD - SWING - 25. AUGU. 2020Welcome to our weekly trade setup ( EURAUD )!
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1 HOUR
Bearish market open and turnaround.
4 HOUR
Price closed above main sr level, good long entries!
DAILY
Overall sideways moving market structure, looking for another push to previous highs.
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FOREX SWING
BUY EURAUD
ENTRY LEVEL @ 1.64660
SL @ 1.64210
TP @ 1.65340
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 Monthly/Weekly 🦐EURAUD on the monthly chart has been moving inside a channel.
On the weekly chart market respected the dynamic trendline (red) and price after the huge spike retraced back till hitting and starting a new leg up.
Price is now close to a weekly resistance and IF the market will break and close above it, we can look for a nice long order.
On the other case, IF the market will not manage to break the upper structure, we will monitor the price till a possible break and restest below the weekly trendline for a nice short order.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
EURAUD ANALYSISEURAUD broke uptrendline
Pair is based below HVN at level 1.6488 which indicates that pair is in distribution phase
Below SMA 100
MACD shows bearish momentum
RSI is below level 50
It's expected for coming bearish movement to target first key level at 1.6350
then finally target support level at 1.6230
EUR-AUD STRUCTURE ANALYSIS|SWING LONG OPPORTUNITY
The pair is trading in a range with a bullish momentum, within the context of a larger daily support confluence and the bullish triangle.
All that gives us a hint to expect a bullish breakout. However, the situation is complicated by the fact that the breakout up of the current range resistance will let the price out into the narrow red decision corridor, between the range resistance and the larger horizontal resistance.
1-IF both are broken>>
2-wait for pullback
3- enter a great swing long.
4-SL Below the level
If the range level stands, then we will see a pullback to the local support for accumulation of power for the new resistance re-test!
Thank you for reading, like and subscribe and have a nice day!
EUR/AUD Bouncing at the Range🔸 4H CHART EXPLANATION:
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🔸Price broke the Descending Trendline.
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🔸It could not break the Resistance Zone to the upside.
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🔸 Now, it has broken the short term Ascending Trendline to the downside. We consider that this pair has potential to reach the Support Zone.
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
EURAUD - SWING - 17. AUGU. 2020Welcome to our weekly trade setup ( EURAUD )!
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1 HOUR
Bearish market open and price action.
4 HOUR
Break and close below main sr level.
DAILY
Overall bullish market about to turn.
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FOREX SWING
SELL EURAUD
ENTRY LEVEL @ 1.64710
SL @ 1.65400
TP @ 1.63750
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 Monthly/ Weekly analysis EURAUD on the monthly chart (left side) has been inside an uptrending channel dince July 2012.
Market in the past months went up in a sharp impulse till the top of the channel before starting a strong pullback as we can see on the weekly chart (righ side)
Price hit the previous weekly support and weekly ascending trendline before starting a new leg up.
Now the market is close to the upper resistance zone where the price could break and retest it to reach the 0.382 or retrace back for a break of the weekly trendline and look for the monthly lower part of the channel.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
EUR/AUDA nice short set up forming here.
Price is currently within the resistance level. I am looking for further confirmation from bearish candlesticks to show rejection at resistance.
One price crosses the trend line at 0.64990 I will look to short this pair, providing that the RSI, RVI and MACD all show signs of a bearish move.
EUR/AUD: Buying the pair for 50 pips, see why !The pair is printing higher lows and higher highs (HL/HH), suggesting buyers are in control. It's currently above the pivot level.
EUR is one of the strongest pairs today and NZD one of the weakest.
The pair broke on H1 and M15 major levels:
- on H1 and M15 price is now ABOVE the cloud
- on M15 the lagging span broke the Kijun-Sen, Tenkan-Sen, and the KUMO, indicating it's super bullish. We can also see that the LS is free of any resistance on H1.
I will wait for a minor retracement and go long from there. Targeting the previous highs.
Trade at your own risk
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
EURAUD Double Bottom 🦐The market after a long downtrend found a bottom on the weekly support structure.
After creating a double bottom on it price has now moved up, cutting the EMA 21 and testing the daily structure in blue.
If the market will manage to break and close above it we can look for a nice long order with a first tp around 1.67400 area.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
EURAUD Price is testing our MOB (inflection zone) right now! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!