Euraudlong
EUR/AUD BUY TRADEHi everyone this is my trade set up for the EUR/AUD
This is my analysis only please trade with caution and risk management in place
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
good luck for this weeks trading
please like and comment both are welcome
Wait for a buying opportunity with EURAUDH2 time frame.
Structure: The descending channel has been broken.
The key level of the descending channel at 1.55300 has been broken.
Waiting for the price to return to this support zone to confirm the uptrend and appear bullish reversal patterns, you can find buying opportunities.
The profit target is the 1.59000 price zone.
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Wish you all have a good trading day!
EurAud- Strong reversal from supportSince 22 September, EurAud has dropped almost linearly and the price fell almost 1000 pips and has reached 1.6350.
This zone is a strong support one at this point and acted as such in the past 4 years.
I expect this support to hold once more and the pair to rise and challenge 1.69 resistance
Dips against 1.6350 should be bought
EURAUD H1 ANALYSISPrice has shown some support and we see a nice jump to the upside.
Targeting a retest of old demand zone. Good signal to see that buyers have stepped in the market for a discount price and push it up high.
Still in a downtrend on H4. Have to see a good burst of buyers to possibly start a new trend to test some highs.
EURAUD Trade Idea on 2H timeframe**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
A short idea of EURAUD for the new weekRemember at this point that all contents shared here is just an ideal and as the trading view indicated to first look before leap. From my idea on the chart, it's a good entry point at 1.15035 and 1.15100, a good TP should be around 1.15456 and second TP shou;d be on an open positoin as the trends shows a bullish run this week. Just trade with caution as not to go against the market, the stop lost should not be set so faras a downtrend might make a less equity account damaged so please trade with caution and use a good lot size. If you feel you can add o this, I'm opened for any corrections. Thanks guys and a happy trading week