Divergence signals and buying opportunities with EURAUDH4 time frame.
Structure: Uptrend.
At the price zone of 1.57000, a divergence signal and a double bottom reversal pattern appeared.
Waiting for the price to break the Key level at 1.59000 and the retest signal to confirm the uptrend, we can find buying opportunities.
Profit target is 1.61500 and 1.64000 price zone.
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Wish you all have a good trading day!
Euraudanalysis
EUR/AUD likely to go down again!Hey tradomaniacs,
looks like EUR/AUD is ready to retrce once again after re-testing a resistance which has often resulted in a stronger move down.
For now we see absoprtion and so a possible retracement that we can trade with a tight stop-loss. Make sure to manage aggressively as falling stocks to often correlate with EUR/AUD to the upside (volatility).
Worth a try as risk-reward is very high here.
Let`s see =)
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Peace and good trades
Irasor
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EURAUD top-down analysis, UPDATEDHello 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.
EURAUD LONG 900+ pips?!Looking for EURAUD to reverse now and gain bullish momentum.
We have seen a break of structure (bos) and have tapped into the last daily down candle before the impulse up.
Would like to see bullish price action from now.
I have two potential entry areas shown on my chart.
Looking to risk 1% on the first entry and 2% on the 2nd resulting in a maximum loss of 3%.
Potential take profit areas are also shown with purple lines.
This trade could take a couple of weeks to play out and reach the final TP so bare that in mind as it is a long term swing trade.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose. Trading live carries risk and you may make money or lose some or all of your capital. I am not liable for any gains or losses made
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.
EUR/AUD likely to move up!Hey tradomaniacs,
EUR/AUD is still in a correction-mode for the mid-term-trend and could continue to move up after multiple attempts to move down which got absoprbed as you can see with the previous fake-moves to the downside.
A good condormation for EUR/AUD to move up in terms of correlations would be falling indicies and so a risk-off-mood in the stockmarket.
Let`s see of the breakout continues =)
EurAud- Trade updateIn my previous post about EurAud I've argued that we can have a higher low in place at 1.5450 and I expect an upward continuation.
Since then the pair had a failed attempt to conquer 1.56 important resistance and failed.
However, bulls quickly took control and at this moment EurAud is trading again in this resistance and we can consider a new higher low is in place.
I expect this resistance to give up this time and, as I said, 1.59 is my target
EURAUD top-down analysis, UPDATEDHello 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.