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Euraudforecast

EURAUD - Buy setup almost readyEURAUD is aprroaching the bottom of a HTF ascending channel structure in corrective approach while forming a Falling Wedge in the process. It’s signaling for a move back to the top of the channel. So far, it has give a really good momentum to the upside. I will now anticipating the price to form a corrective structure. Any break from any bullish continuation pattern now will trigger my buy entry with sl below the corrective structure with target up to 1.68000 Lets see how will this pait play out. Good Luck
Long
by moa_trading_journal
EURAUD - Ending Diagonal PatternNotes : 1- The structure of the constituent sides is in the 5 waves triple format. 2- In MACD, convergence is in triplicate format I cannot provide a long-term analysis for this currency, in daily basis reviews for patterns, we reached this pattern in the 60-minute chart on EURAUD. All conditions are ready for a 250 to 300 pip uptrend. To confirm the uptrend, the price needs to cross the range of 1.6283, which means the close of the candlestick in the 60 minutes chart should be above this price level. The loss limit is the range of 1.6102, which is selected based on the 240-minute chart As the main trend is unknown the target of the Diagonal pattern is at the beginning of its movement, which has been set at the end of wave 2.
Long
by NirmataFX
2
EURAUD SELLInteresting trade I am looking at for EURAUD. We made a huge dump from the demand turned supply zone, and we have started to recover from one of the previous demand zones. This indicates to me personally that we will see a retest and rejection at this level and then a further dump back down to the demand zone (marked). As always be cautious trading, especially with the sheer amount of high impact news that's coming out this week! I WILL NOT be entering this trade without some clear bearish rejection of the supply zone and a shift downwards.
Short
by conappleton
EurAud- Is the correction over?I was bullish EurAud ever since 1.65 and the break above 1.66 came to confirm my outlook. The break was violent and the pair skyrocketed to 1.68 in a straight line. A correction after this violent rise was normal and this gave bulls the opportunity to open long trades on dips. Now the pair found some support on 1.6650 zone which is also 50% fibo retracement and the correction could be over now. A confirmation of this outlook comes with a daily close above 1.67 and this also opens the door to further gains to my predicted target of 1.7
Long
by Mihai_Iacob