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Euraudanalysis

EURAUD Technical Analysis and Trade IdeaTaking a look at the EURAUD, we can see a bullish head and shoulders pattern on the four hour chart. Market is moving up from a key level of support on the daily time frame as well. Watch out for a couple of events today that may cause volatility, best avoid trading into high impact events. Keeping an eye on how the AUD pairs trade after these events today and will be looking for an opportunity.. All explained in the video, not financial advice.
by fxtraderanthony
EURAUD LONGEURAUD is rebounding from the higher low area of the ascending channel and the horizontal support area on a H4 Time Frame. Wait for a trend reversal confirmation before placing any trade. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Long
by Pro-Trading-Africa
1
EURAUD | New perspective | follow-up detailsThis is a follow-up detail on the publication shared during last week's trading session (see link below for reference purposes), where the price moved over 200pips in our favour. Now, with the present structure on the chart, I am beginning to see a set-up that might allow us to add more selling positions as long as we do not see a breakout of the bearish trendline identified on the hour timeframes. I shall keep you updated as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
Euraud Analysis from 16-05-2022 (time to continue downtrend)Euraud Analysis from 16-05-2022 (time to continue downtrend), The eur aud pair has been characterized as a directionless pair. lol. Hence we will not pay much emphasis on its fundamentals though some high impact news which could cause volatility in the euro are the euro commission spring forecast on Monday 11:00 am, WAT, gdp rate qoq on tuesday 11:00am WAT. From Australia , we should keep a watch on the Aud when the Reserve Bank of Australia minutes are read on tuesday 17th may 3:30 am wat. Sentimentally, the euro zone is yet to recover from the economic effects of the war/ tension in Ukraine and the shortage of supplies from Russia to other parts of Europe. Technically, euraud after breaking a structural demand zone around the 1.5262 price area on 2nd of march 2022, as highlighted on the chart, the price has reached that structural level which may now be seen as a supply zone as price has rejected the zone twice on the daily time frame followed by a control drop... a full multi timeframe breakdown an entry strategy is been shared in the video analysis of this content in the red channel below. My approach: I would wait for price to retrace to the area around 1.5114 to look for short signals, confirmation and entry on the 4hr chart. My sentimental bias for the euraud is bearish. I would love to see your opinions about this pair. cheers Lets go take some risk, lets go make some money.
Short
by MillionaireLogistics
EURAUD | Perspective for the new weekGoing into the new week; we might be expecting the confirmation of a reversal structure to tend towards a bullish momentum but the multiple rejections of 1.49 during the course of last week's trading session could be giving us a clue into the strength of the sellers at this juncture in the market without ignoring the potential of the Aussie against the Euro since February 2022. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry