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Euraudsetup

EUR/AUD Retrace Made, Short From ResistanceThis has made a good retrace, I would like to see it touch 0.5 Fibonacci ideally before dropping. MACD and EMA's have this on the verge of being bullish on this timeframe so I want to see these cross back lower before entering a trade. If they do not then this could continue higher to the next resistance level before dropping. I have set TP just below the previous low at 1.52278 although I see this continuing down to around 1.47273. To reach that second target I would likely take the profit and make a second trade after a retrace.
Short
by olly48
EURAUD, Strong Bullish Possibilities.? As salam alaikum Already shared Monthly Analysis two days ago. Few of you have asked me about Lower TimeFrame so here you go. T.A Review: Bearish Channel on Monthly TF Strong DOJI at Monthly TF Bullish Channel on Daily TF 1.56 seems to be demand zone. All are indicating Bullish Movementum F.A Review: We've got a busy week. EUR might manipulate vigorously. Dollar Strength and Covid-19 can't be ignored. T.A indicating BULLISH but AUD & EUR both are BEARISH Fundamentally. But eventually we've to be patience and watch 1.55 zone more closely.
Long
by wickywicks
EURAUD – Short Term Sell OpportunityEURAUD is clearly in the middle of a downtrend. Its now forming a clear 3-touch expanding structure with the last leg appear to be a false break to grab liquidity (catching people on the wrong sidee of the market). After breking outside of the structure, its completely retrace back into the structure and forming a bearish continuation structure. I’m not setting a stop order at the break of this bearish cont. flag, targetting to at leash the bottom of this expanding structure with more target to the downside that is still need to be seen on how the price behave and develop at that area. One thing to take note is i just view this trade as a short term trade opportunity, so we must be more careful with this position, as I’m expecting a broad weakness across all AUD and NZD pairs to play out in the long term. For now, let’s see how will this pair develop, good luck.. __________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
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