EURAUD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Euraudanalysis
EurAud- Trade updateYesterday I was wondering if we have a higher low in place for EurAud, and it looks like this at this moment with the pair putting in a morning star candle formation on our daily chart.
However, 1.5600 has proven to be strong resistance and sellers were strong here so far.
In order to continue to my 1.59 target, EurAud needs a daily close above this resistance.
Also, 1.57 zone will act like interim resistance
EURAUD - CONTINUATION OF BEARISH TREND!In this video I brake down the analysis behind possible EURAUD shorts and the reasons why we could see move back down into weekly lows.
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EURAUD SELL OPPORTUNITYHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/
The market has just printed a M Pattern on the daily where we can expect a retracement on the neckline or wick that is also lining up with the structure in the market, which is previous support turns resistance. Take profit at the impulse and stoploss above the last high.
~TRADE SIGNAL~
SELL
Entry: 1.56391
Take Profit: 1.55599
Stop Loss: 1.5665
**NOTE: wait for the break and retest of the level before entering
Good luck!
You have plenty of time to achieve your target. Take it slow, observe good risk management techniques.
~FX_SHIFTER
EURAUD Strong Downtrend Welcome back!
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*****
EURAUD may temporarily correct near or back to previous resistance and give us another push downward for the bearish continuation. Current pivot (reversal) areas are 5740 zone (resistance) and 5600 zone support.
Be sure to follow the entry criteria rules for your strategy and keep this on your watch list!
- BKH
EURAUD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EurAud- Towards my 1.59 target?After the recent low slightly under 1.54 from the end of October, EurAud has started to trade higher and managed to break above 1.56 resistance early this month.
Now the pair is consolidating and forming a pennant and a break of the resistance trend line could lead to more gains and we can see EurAud testing 1.59 resistance
I'm bullish as long as the price is above 1.56
Wait for a buying opportunity with EURAUDH2 time frame.
Structure: The descending channel has been broken.
The key level of the descending channel at 1.55300 has been broken.
Waiting for the price to return to this support zone to confirm the uptrend and appear bullish reversal patterns, you can find buying opportunities.
The profit target is the 1.59000 price zone.
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Wish you all have a good trading day!
EURAUD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EurAud- Strong reversal from supportSince 22 September, EurAud has dropped almost linearly and the price fell almost 1000 pips and has reached 1.6350.
This zone is a strong support one at this point and acted as such in the past 4 years.
I expect this support to hold once more and the pair to rise and challenge 1.69 resistance
Dips against 1.6350 should be bought