Euraud have Strong Reversal REsistance around 1.63 and can Flip TO downside soon!
we trade base on WVVMAA let price reach to QML Level to complete right shoulder and AB=CD pattern then sell in big lot pls shift chart to full understand
The drop from January this year has been retraced to 61.80 % level now and in my opinion there is a good chance that EURAUD will come back to 1.544, followed by a huge upward movement later on. This target might at least be 1.735 being the 127.20 % extension of the bigger Impulse that had started in February 2017. Good luck!
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
EurAud Idea Short EurAud Idea Short EurAud Idea Short
I detected a funny chart on this.
*If you like this idea, please support it with a LIKE! Thanks Details about me in my signature. EUR/AUD - SHORT Order Entry @ Market Price (approx. 1.6235) SL @ 1.64 TP1 @ 1.6000 TP2 @ 1.5800 TP2 @ 1.5650 Tp4 @ 1.5500 Many pips ahead!
Rising wedge in euraud it will break below but will push further to the upside then sell from the top.
DACAPITALTRADING V2.0: WELCOME TO DACAPITAL TRADING, WE PROVIDE ANY KIND OF TECHNICAL AND FUNDAMENTAL ANALYSIS FOR FOREX AND CRYPTO-CURRENCY MARKETS EVERY DAY! - 1 HOUR Break above previous week highs and takeout of short-term sellers. 4 HOUR Break above mid-term highs and resistance after bullish waving market structures. DAILY Strong bullish market...
FX:EURAUD I can see Possible Drop 600 Pips DOWN
Wait for the breakout of the rising wedge to add short
Timeframe 10-12 days. Looking for correction, competitive edge is the positive swap on this pair.
- Semi-round nr. 1.62500 - Fibonacci Golde Ratio 62% - Fibonacci Extension 200% - Parallel channel projection - 2016 High - RSI Divergence on the 1H - Shooting Star on the 4H Counter trend trade = a bit riskier! Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You! Have a nice day, Cheers! *This information is mostly...
Whats up traders? We are looking at this new Swing Trading Idea on the EURAUD pair. Price has been in a nice bullish uptrend since days. After three levels of rise and a peak high forming, we are looking for short orders in the market. Divergence is also in place for this trade. As this one is a Swing trade, our stop loss is a little bit wider. In this case...
This pair has just created a new higher high and now expecting it to create a new lower low. Trade safe and good luck!