Get started

Euraudlong

EURAUD (H4): LONG OPPORTUNITY, Breaking the FALLING WEDGE!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIK E👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! This market is giving us a great opportunity! I suggest you to have a quick look on the "EURAUD" Daily Chart to understand with a different perspective the reasons of this market's movement. You could check it out clicking the link here below: Let's focus now on the area that interests us: The price is actually following a clear FALLING WEDGE Pattern and it's just reached an important support area. In a daily perspective the price is clearly moving inside a descending channel and it's probably ready for a trend correction. IF THE PRICE will break the falling wedge pattern, you might consider the following trade details: ENTRY POINT: 1.58722 TAKE PROFIT: 1.60300 STOP LOSS: 1.57700 RISK/REWARD RATIO: 1.6 Stay tuned for updates! What's your opinion? Share your idea writing a comment! Trade Safe and Responsibly Gianni
Long
by FXtrades-gp
5
Trading Plan #EURAUD (LONG)Good day, traders! Don't forget to put your thumbs up and write your comment if you like the idea 🔥 The pair is trading at the important support, which is in the area of ​​1.57612 - 1.56959, support is strong on the weekly and daily tramframes. Buying a pair from the zone 1.5761-1.5695, the target for this pair is in the area of ​​1.59283-1.59860. DISCLAIMER: The author's opinion may not coincide with yours! Keep this in mind and consider your trading transactions before making a trading decision.
Long
by Vadim_PetrovichFX
2
EURAUD (Daily): LONG Idea on this TREND CORRECTION!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIK E👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! TECHNICAL ANALYSIS: Since the end of October, the price started following a clear descending channel bouncing and breaking the support area at about 1.61000. The price continued the downtrend without any hesitation and sign of weakness but now it reached an important main support zone, it could be the moment to get a short correction, still keeping the price inside the channel. CONCLUSION: The support zone at about 1.57000 rejected the price many times in the past and it could happen again! The price's just reached the dynamic support line of that channel and it could be an extra confirmation of this trend correction, eventually we can properly see a rejection around this area! I don't really think to open any position right now, because as a trader I usually follow the trend without going to the opposite side. Stay tuned for updates! What's your opinion? Share your idea writing a comment! Trade Safe and Responsibly Gianni
Long
by FXtrades-gp
4
EURAUD BULLSIH Strength Building Up...We managed to see that EURAUD is slowly building up bullish strength after testing 161.8% fib level as well as the support level at 1.5900 price level. As of now, I am expecting a breakout from the trend resistance line (dotted line) followed buy a movement to the supple zone (red area). This is an important level for us as a breakout of this supply zone will show a potential movement towards the 61.8% fib level (also movement towards the ichi cloud). For now, I will be in a long position for this pair. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Long
by YGForex
3