In this video update, we take a look at the longer-term outlook for EURAUD and what could happen for the coming quarter. The quarterly close suggests we could see further downside occur into the key support zones around 1.5250. Looking at the daily timeframe we can see that price has broken out of consolidation, with price re-testing the structure. With price...
Price action behavior of different assets after FED's interest rate decision.
usd price action after interest rate decision
Looking for a 100 pips drop at the break and retest of the H&S neckline
EURAUD looking likely for a short next week based on market structure using the Falcon style methodology.
In EUR/AUD pair there is this major resistance/support zone on weekly and daily chart. Price has break the ''ice zone'' on daily and is closed above the structure. If we get a retest on 1h - 4h chart between fib 38.2-50.0 levels, there would be equal move then to orginal trend on the zone's top.
MONTHLY CHART PRICE AT SUPPORT MAY BOUNCE>>GO LONG MAY BREAK>>GO SHORT
In this video update, we look at taking a lower risk trade on EURAUD. In the telegram channel we spoke of buying the daily high in anticipation of a breakout. With the short-term AUD strength price moved and formed a new daily low. However, that daily low comes in at a weekly 50% fib retracement where buyers may step back into the market.
EURAUD is seeing further selling pressure as the eurozone economic growth is slowing combined with advanced trade talks between China and US supporting AUD strength. Price is currently breaking through a key support zone, if price can hold below this level we can look for further downside.
Rought TA. Looking for a zone change red as the trend meter has flipped red.
This may be an ongoing effort each week on Sunday or some determined time to scan the markets. In this video we will be scanning the Forex market. This is part 1.
Hey Trayders, I backtested EURAUD a few days ago and wasn't sure why I didn't make a video on this pair specifically. One of the first trades on my backtest in this video would have yielded you ~1200 pips!! That is an amazing gain! (I misspoke on my video. I was actually calculating what the gain would have been when trading 1-2 lots for USDCAD but the...
I am back doing these videos from now on every day. :)
I'm looking at a possible triple top on EURAUD on the 3D time frame. I do this because I'm looking for position and then to trail down on a lower time frame. There is some weakening of the 3D time frame trend and the critical zone at the peak probably creates a greater probability for the south.