Disclaimer - I could be wrong/Trade at your own risk...
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 14th, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 1 hour time frame we can see price action had a nice bullish continuation off the 1.60595 region. Price action seems to be slowing down here and we will look for a minor retracement to enter a...
EUR/AUD HIT RESSISTANCE SHORT ANALYSIS
EUR/AUD - Bearish Channel Breakout, Is It Aiming 1.6340?
EURAUD has clearly broken the resistance at 1.61211 level. Long orders can be filled at current market price or wait for re-test of resistance line. TP and SL are suggested in the image above.
Hello all Finally after a false break, EURAUD has started to fall, I am expecting this to move quite far to the 1.5700 area. I posted this late as wasn't online, however I will be entering on each pullback on the way down to increase my pips Thanks for looking Duncan DuncanFOrex.com coming soon
1.double top (flat correction) 2. price action (rejection) 3. on weekly time-frame there is a huge push up, now it needs to pull back to 61.8 fib which is aligned with the trend line.
This resistance zone has held for quite a while, infact, the first analysis I EVER PUBLISHED featured this pair, with this same setup. If a true breakout occurs (price passes the previous high, the the ridiculous candle, the candle peak at 1.6200) then I'll revert the resistance to a support level for price to bounce off. Should it hit 1.6200 and reverse, the...
Basically what I want to happen, would need an entry first. There is a liquidity pocket to the upside so this analysis is only half of it, I want to see how price reacts at the target area regardless if it retraces for an entry
As price continues its impulsive move up as we mapped out. I am now expecting some kind of correction between zones before we move up.
price has reached supply rone or strong resistance area = SELL
been following this pair a while now what are your thoughts will it break? or move higher Please share your thoughts and views on my analysis and don't forget to like it and share with others.
WELCOME TO DACAPITAL-TRADING! EURAUD FOREX BREAKDOWN 13 MAY 2019 1 HOUR Strong bullish movement towards previous highs and resistance 4 HOUR Bullish waving market found its resistance and need to drop now DAILY Overall way too bullish and need a pullback and reaction to the downside SWING SETUP SELL EURAUD ENTRY @ 1.61100 SL @ 1.61650 TP @ 1.59030 RR:...
Pattern: Channel Up on 4H. Signal: Bullish if the 1.6120 Resistance breaks. Target 1.61850 (potential peak of the inner Rising Wedge.
EURAUD is struggling at the RESISTANCE ZONE, indicated by the pink rectangle in the Chart. So, traders can look for SELL at 1.6100-1.6127 with SL above 1.6150. TPs can be set at 1.6000 and 1.5910 respectively
EURAUD been choppy on higher timeframes for some time now, failing to break above 1.61000 since the beginning of 2019. Will be looking for short entries as it breaks the ascending trendline.