Euraudlong
EUR/AUD New Long Setup To Catch This 250 Pips !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURAUD ProjectionG'day Guys.. How ya going?
Here some projection for EURAUD, based on previous projection this price was completing DEMAND Zone area.
I am expecting this pair looking for Supply Zone soon.
In Weekly perspective, Price was stopped in Strong Support Level which is i consider it as Demand Zone.
Expecting bouncing up for 2++ pips.
Let see what happen next.. Stay Tune..
Cheers
EURAUD approaching 1st support, potential for a bounce!Price is approaching our 1st support, in line with our 78.6% Fibonacci retracement, 50% Fibonacci extension, horizontal swing low support and ascending trendline support. We could potentially see a bounce and further upside towards our 1st resistance, in line with our 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing high resistance. Stochastics is also approaching the lower 7.11 support level where it has reacted from before, in line with our analysis.
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EURAUD- Bullish Set-upLooking at a buy set up for EURAUD
1. Red circle to the left denotes a break of the monthly trendline.
2. Red circle to the right denotes a retest of the same zone that the monthly trendline was broke, which is in confluence with the 50-61.8 1hr and 4hr Fib zone.
3. I am looking for a swing low and a break of the down trendline for an entry long, with the first target at the 1.56588 zone marked in green.
4. TP 3 is denoted with the higher green zone. If the price breaks this level, look for it to take a long ride back to the previous high of around the 1.595 area.