Euraudsell
Aussie Swing Trade - EUR/AUD Ichimoku Sell Trade SetupEUR/AUD is down testing important price structure support and we have a good possible swing trade on our hands. For those that like to pay more attention to price structure patterns, this does resemble a larger sized head and shoulder pattern. We do have the future kumo twist started to bearish, a bearish TK cross, and chikou span is just shy of breaking through price to the downside. If we do get the break or price structure support with will coincide chikou span getting below and free of price. If we can get that break of price structure and hold below it, I'll enter my short. I've drawn out partial take profit levels on the way to longer term price structure support. If we fail to break support or form and hold a bearish trend, this setup may become invalidated.
EURAUD approaching support, potential for a bounce!
EURAUD is expected to drop to 1st support at 1.61012 where it could potentially react off and up to 1st resistance at 1.61633.
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understand the risks.
EURAUD is in progress of head & shoulders pattern.EURAUD is in progress of head & shoulders pattern.
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Adil Khan
EURAUD potential reversal!
EURAUD expected to rise up to 1st resistance at 1.61451 where it could potentially react off and drop down to 1st support at 1.60992.
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EURAUD approaching resistance, look out for potential reversal!
EURAUD is approaching its resistance at 1.60559 where it is could reverse down to its support at 1.60056.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURAUD Bearish trend for this week 30/6/2019EurAud this week will continue dropping to 1.56950 to break it out
but the first thing will happen while the market is open is to retest price @1.6250 trying to break it, then going down again
The average dimension is (1.609375 to 1.625000) (yellow line in the chart )
Daily dimension: (1.617375 to 1.619375) (Green line )
Our Target is :
SELL order @ 1.625000
TP1 @ 1.615000
Tp2 @ 1.62500
TP3@ 1.61175
SL@ 1.62770
Trade at your own risk!
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Thanks a lot for reading.
EURAUD ShortWe have to watch 1.6260 level if any strong bearish 4h closer we are for sell, I think that level will be tested again, but trade safe this pair is a pain in the ass and can do big manipulations.
My advice don't trade this pair until you see a candle you want in that level because that level is the level where the manupilation
is made, I think that level will be tested 3 4 times until aussie gets stronger.
And make sure you put a big stop loss for this pair.