EURAUD - Analysis - ShortPrice reached the weekly resistance along with the retest of a previous broken long trend line. In the test of the weekly resistance the price broke, again, the long trend line and is now retesting it, but is already showing some rejection bearish candles. I`m waiting for a clear bearish price action to go short!
Euraudsell
EURAUD SELL #1808Click on the play button below for more detailed breakdown:)
For your convenience, I have done up this post so that you can track the progress of the trade by clicking the Play button above.
If you like what you see, please like and follow me BELOW!
www.tradingview.com
Feel free to leave your opinions on why you AGREE or DISAGREE with my trade analysis! Would love to know your perspectives!
Trading is the hardest way to make easy money.
EURAUD - TREND REVERSAL LOOKING TASTYHey everyone,
Last week we had our projection for EURAUD looking at a nice trend reversal.
As predicted for this week, the pair has come back to retest the recent highs.
As of now, I'm waiting for a second hit to the high, otherwise I will not take the trade from the top.
Let's wait and see what happens!
If they move, we move.
EURAUD Possible Trend ReversalCurrently we are looking at EURAUD H4 and waiting for price to bounce off the 50EMA.
Once this happens, we're looking for a retest of the high, forming a nice M formation.
Entry is going to be based on candle patterns.
The blue areas are marked areas where I think the market may bounce off on it's way down.
We're looking for 200-300 pips if we catch the top of the formation.
Most likely a setup for the week of 17/09/2018.
Once the setup shows, we'll do another post with all the confluences.
Let's see what the market brings us.
EURAUD SELL - LONG TERM SHORTTo retrace to the 0.786 level of fibonacci would mean for price to get all the way up to 1.59949.
4/25/18 (1.61409) on the Daily timeframe, shooting star candle which lead to a massive drop (~860 pips) til around 6/4/18 (1.52747 top of a key zone.)
Historically, this trend repeats itself from the ~1.61409 level very well. From 8/24/15 to 2/11/16 about 5 significant drops occurred resulting in a drop of about 300 pips at a minimum.
9/29/15 rice was at 1.62505. VERY close to the aforementioned high of 1.61409. From that time until 12/3/15 there was a ~1900 pip drop and price went to a low of 1.43479.
Price has consolidated the last 5 hours ranging from around 1.59336 to 1.59023.
I am looking to see if price will reach 1.61409 - 1.60008 for a really nice long term sell.
If price does not reach that level and shows a lot of bearish signs and signals.. I plan to sell it around 1.58895.
My take profit aligns perfectly with the 1.272 level of the fibonacci extension which is 1.50337. I plan to take profit at 1.50657. I will look for a sooner place to take profit and update as I analyze.
Happy trading everyone, let’s milk this bitch!
EURAUD - LONG TERM SELL - MUST SELLTo retrace to the 0.786 level of fibonacci would mean for price to get all the way up to 1.59949.
4/25/18 (1.61409) on the Daily timeframe, shooting star candle which lead to a massive drop (~860 pips) til around 6/4/18 (1.52747 top of a key zone.)
Historically, this trend repeats itself from the ~1.61409 level very well. From 8/24/15 to 2/11/16 about 5 significant drops occurred resulting in a drop of about 300 pips at a minimum.
9/29/15 rice was at 1.62505. VERY close to the aforementioned high of 1.61409. From that time until 12/3/15 there was a ~1900 pip drop and price went to a low of 1.43479.
Price has consolidated the last 5 hours ranging from around 1.59336 to 1.59023.
I am looking to see if price will reach 1.61409 - 1.60008 for a really nice long term sell.
If price does not reach that level and shows a lot of bearish signs and signals.. I plan to sell it around 1.58895.
My take profit aligns perfectly with the 1.272 level of the fibonacci extension which is 1.50337. I plan to take profit at 1.50657. I will look for a sooner place to take profit and update as I analyze.
Happy trading everyone, let’s milk this bitch!
EURAUD SELL VIDEO ANALYSIS #1808If you like what you see, please like and follow me BELOW!
www.tradingview.com
Feel free to leave your opinions on why you AGREE or DISAGREE with my trade analysis! Would love to know your perspectives!
Trading is the hardest way to make easy money.
***Sorry if I sounded choppy as this is my first time doing a video analysis! Hope to receive more feedbacks on how I can improve on this. Cheers!
For your convenience, you can track the progress of the trade by clicking the Play button below.
EURAUD 4hr time analysis: bearish biasThe 4 hour timeframe of the EURAUD is shown in this analysis with price action from March 28, 2018 till present date. The EURAUD between June 25, 2018 and July 30, 2018 did complete a complex head and shoulder top pattern that confirmed at ~1.57239.
The other valid chart pattern that is present in the region discussed above is a Triple top that also confirmed after price closed below the neckline. The implication of either chart pattern is ideally bearish, and implies more bearish action in the EURAUD.
Conservative point of entry for a short position is a price close below ~1.55839, while earlier points of entry would seek placement of a sell order prior to price reaching 1.55839.
Price returning to 1.55839 region and failing to proceed would establish a rectangle bottom between the neckline and 1.55839. Momentum confirming a decline is therefore of paramount importance.
The point of invalidation (POI) of either chart pattern mentioned above is a price close above ~1.58905.
EURAUD - WEEKLY SWING - 13. AUGUST 2018WELCOME TO DACAPITAL TRADING!!
EURAUD just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Bullish start into the week taking out short-term sellers before heading down
DAILY
Sideways consideration with a lot of strong pins
WEEKLY
Bearish movement right now with a lot of sellers pressure
LEVELS
SELL EURAUD @ 1.56740
SL @ 1.57530 (80 Pips)
TP1 @ 1.55890 (90 Pips)
TP2 @ 1.55580 (120 Pips)
MOVE SL TO BE @ HIT OF 88.6 FIB!
Weekly Wave Swing, Close 3/4 Position at Hit of TP1!
Enjoy our limited Free Content and Setups,
leave us a like and Comment!!
DACAPITAL TRADING
EUR/AUD - 200 Pips+ OpportunityEUR/AUD has broken down the 200 EMA and is currently in a bearish trend.
An opportunity has presented itself to enter the bearish trend. As the price breaks the current support (1.56 area) it may continue down for the rest of the month until it finds a strong support.
The long term bearish move is cancelled if the pair finds the strength to break the 1.57 area.
Happy trading! Follow your rules!
EUR/AUD - 350 Pips+ Short Opportunity - ReversalEUR/AUD has been in a consolidation area for about a week and seems to have taken the impact from the last uptrend.
As we can tell from our indicators, this pair does not seem to have the steam left to go further high. Thus, we can open a short position for the reversal of this pair back to 1.54.
Our Stop Loss needs to be higher than the last highs. Recommended at 1.59.
If the pair fails to break down and begins to show some sign of strenght, which I don't expect to, then open a long position. Until now, from the looks of it, this pair seems very week and the resistence has acted well.
The impact has been taken, and a reversal is imminent.
Happy trading!