Hello Traders, this pair is currently on my watchlist and in play. Here is the full look at this pair. As always if you have any questions or comments let me know below.
This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Good Luck!!!!!!!!!!!
Anticipating another push down and watching price action around 1.5900 for break or bounce
EURAUD could move higher to complete minor wave 2 above 1.6800 levels. Before continuing higher, it is necessary to complete the minute correction that started at 1.6800 top. With a low at 1.618% FE at 1.5900 round level, which is also a double bottom level, the correction could have either ended as a single zigzag or has another bearish leg down between...
Daily trading ideas and themes from the European open
Trade ideas for the day published at European open
In this video update, we take a look at our current open positions to give an update of where we are at. EURAUD has moved significantly towards targets as well as AUDJPY. The daily timeframe suggested the AUD was going to weaken and we are seeing that play out at the moment. USDNOK remains bearish and was close to targets before rebounding, looking for the...
Trade ideas for the day published at European open
EURAUD has been on our radar for some time and with the weekly timeframe forming a significant bearish engulfing candle off the key highs, we could expect some downside to continue. Looking for 4hr trading opportunities off the moving averages with targets being the daily trendline support.
Market update covering DXY, EURUSD, GBPUSD, GBPJPY, GBPNZD, GOLD, USDCAD and EURAUD