May as well grab some pips here with the bearish divergence on the hourly. Even if it’s just like 50% ish retracement. Trend might be overall bullish... only time will tell 🙃
Hi Guys. Please refer my analysis about EUR/AUD Hope you a have good deal with it.
Rejections from this highlighted zone, I see EUR/AUD falling to the daily level of 1.60346
Lower swing highs and lower lows are being formed in EUR/AUD. If we sustain this momentum we could potentially reach a target of 1.61530.
Closures align with fibonacci levels. Shorts from 61.8%.
fallow sell the down water of euraud
Open SELL on EURAUD 1.5711 SL - 1.5745 TP - 1.5350 RRR - 1:10.5 TP is big so we'll close profit by situation manually
I'll try to catch some profit on EURAUD. Open sell order on 1.5927 SL at 1.5986 TP at 1.5741 RRR is 2.87 Interesting position. Good potential. Near important news is on Thursday 14,March on EUR.
I opened sell order on EURAUD on 1.5930 because i see head and shoulders pattern and 2 levels (blue squares) and 2 breakouts of this levels. TP - 1.5745 SL - 1.6005 RRR - 2.46. Sl near 74 pips so use lower trading volume. Good profit for all us!
Here we are on EURAUD daily chart and as we can see that last week this market get pulled back towards broken support level which is located near 1.5700-1.5650. we have obvious bearish pin bar on this new resistance level which is also aligned with confluence of dynamic resistance and trend momentum is now looking down as well... let's see how this market unfolds...
This is an update to my original analysis a few days ago and adds confirmation of the downtrend breakout from the channel. If you did not take the trade a few days ago then here is the second chance. the nice pinbar on the daily chart shows rejection of the channel again and once we again breakout of the bottom of the channel we should see a new low below 15400