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.
Simple outlook on this pair price is following a range & has been stuck between support & resistance for some time now. Price now back at the top of the range, & has tested / rejected the 50 fibonacci retracement level with a upper wick rejection. Will wait for a break of the counter trendline to confirm that price will look to make its way back to the bottom of...
Complete pattern. This could make a small new high but do not take it. Just SHORTS.
Symbol: EUR.AUD - Euro / Australian Dollar Timeframe: Daily, 4-hour and 1-hour Predicted Direction: Short EUR.AUD - Euro / Australian Dollar updates will be available in the comments section below as price-action develops.
One of my favourite setups for the week...
Conformation: - weekly and daily candle stick, - indicator overbought area - resistance area
Price is reaching the 50% Fibonacci retracement level, and also we have resistance which is a key decision zone for a bearish bounce.
LOoking at EUR AUD we can see it spiked up heavily yesterday but shortly after the bearish momentum took over making price go back to the triple top and test it but shortly broke and we saw a drop of 60 pips+ inches from our 80 pip take profit but once we hit we'll look at entering again for the next target. TP : 1.59400 TP 1.58950
Price action has completed a ab=cd pattern on the 4 hr chart for this pair. The completion of the ab=cd pattern is in line with our short strategy therefore we added to our short position with take profits set on the green zones. FX:EURAUD
Hi All , I'm Opening a sell on this pair & this was posted on my free channel . We selling the rectangle range . Many thanks.
Introduction : Please read the full post before considering taking action. We have been witnessing increased volatility on both EUR and AUD all across the board, mainly because of the high deviation on the actual and consensus numbers when news are released, but it has still been following technical parameters. What appeared to be a breakout on EURAUD on...