We will wait for the decline and touch the golden Fibonacci area, the high volume, and the ascending trend line to buy with a first goal, as shown in the picture, and a second, distant goal.
The main target for the price, having broken the downtrend, is the 61.8% level. However, before the upward movement continues, we expect the price to retrace between the 61.8% and 76.4% levels of the recent upward move on the chart. Furthermore, if the upward trend persists, our initial strong resistance level stands at the 38.2% level.
Waiting for a retest of 1.64488 to short EURAUD back to Daily swing low at 1.58935 If you agree drop a like and if you have any questions leave a comment :)
will be targeting weekly liquidity areas, so we anticipate the market to fill the gaps first then go long.
EURAUD has been in a big downtrend for a while now and has been failing multiple times to break and make new lows. ----- Either it will break the upside and make new highs. Only then I will be looking for long positions. ----- Or it finally makes a new low and the I will be looking for a short retest setup. ----- Let me know what you think!
Weekly: 1. Bullish market structure 2. Bullish candle close 3. Bullish FIB 2x 4. Bullish zone 4/4 criteria Daily: - Inv H&S with clear switch of momentum - Bullish M pattern also - Clear S&D zone between 61.80 and 78.60 level *We can see it as a turnaround 4H: - Bullish trend
EURAUD has formed an inverse head and shoulders, but by the looks of what price is doing at this right shoulder area is very critical. Seeing bullish momentum instead of bearish. This further proves that this pattern formed to change the direction of price altogether, and that price will be reversing to a bullish trend. (Hence all the resistances being broken)
on monthly we can see price is bullish, coming down to weekly and daily we can see price pull back in a channel in ABC correction pattern. also price forms a falling wedge and there as been a break of it to the upside and price also breaking structure. we will wait for a pull back then look for a bullish confirmation to enter the trade
Fib retracement to golden zone Metigation order block Fvg on 4h and 45 min time frame
Hello,Friends! EUR/AUD is making a bullish rebound on the 4H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.620 level. ✅LIKE AND COMMENT MY IDEAS✅
Following a careful examination of trend exhaustion and RSI levels, Uncle Jake provided thoughtful counsel and suggested considering various factors before making a Buy decision.
EURAUD has given a CHoCH on 1 Hour time-frame, which may have changed the mindset of traders to go long. I have marked out a OB which may or may not work as Trape, and just below that we have a POI. So, We can wait for the confirmation on LTC but some aggressive traders may move the SL Position below the POI, and our take-profit target will be our recent High, and...
EURAUD lost downside momentum and broke the structure to the upside. Now we wait for a retracement to the demand zone
Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Price broke and close below support for continuation down.
Hi traders. I am going long EURAUD at market prices SL: 1.6155 TP: 1.6775 Thanks.
Hello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering...
No method or trading system ensures that it will generate a profit, so always remember that trade can lead to a loss. Trading responsibility