EURAUD SHORT SWINGWaiting for pullback to go short
Confluences
a. Clear Head and shoulder pattern
b. Potential FIB
c. Strong resistance broken to support
Euraudshort
EURAUD AT THE LOWSPrice has fallen since Wednesday from 1.6000. Broke through lows and now at a demand zone.
If price doesn't hold then could fall lower below 1.5800.
Daily time frame very bearish.
EURAUD ANALYSISEURAUD on a downtrend and approaching 2 supports, 1.57 and 1.56. 2 Important places where the downtrend could be broken.
-If both supports are broken potential short to 1.5445 for 150 pips.
-If a support does hold we need to wait for the break of the downtrend, when we have confirmation we enter on a long with 1.59/5.595 as the target.
EURAUD; Time to catch a short swing tradeEURAUD formed a head and shoulder on D1 which is a classic reversal pattern. Breakout of the neckline and bullish trendline gives us a great opportunity to short the market on a retest. From there I sell the market to the next swing low.
What is your opinion on EURAUD?
Nice trading!
EURAUD ANALYSISEURAUD is testing big support again. EURAUD is failing to make lower lows since it entered this range in mid July. If EURAUD keeps closing above this support we can see another move testing the resistance at 1.615. If however we can get a candle closing below this support with big volume we can see a move down to 1.58500 or even lower since we would be creating new lows and possibly entering a new range zone.
EURAUD SHORT As we see, EURAUD formed a head and shoulders pattern on the daily Time Frame. We wait for a breakout along the Neckline before placing a trade,
What is a head & shoulder pattern ?
Head and Shoulders formations consist of a left shoulder, a head, and a right shoulder and a line drawn as the neckline. The Head & Shoulder pattern appears in an uptrend suggesting that the uptrend is at its end. The H&S is bearish reversal signal
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, follow and share for more useful content
EUR/AUD Full Analysis, 3 Setups In This Video To Catch 500 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURAUD Will Go Up! Buy!#EURAUD
Daily
Wait For Breakout If There Is Happened We Will Take The Entry For LONG
EURAUD Bearish!EURUAD drained Friday. Waiting for a retracement to the 61.8 area on the fib to continue down. Price is in clear down trend and broke out of our triangle
EURAUD | Bearish Bias |Dear Followers,
i have identified potential head and shoulder pattern on the Weekly & Daily timeframe , which if things go as I predicted there is a good risk to reward opportunity to grab. watch carefully this pair this week.
EURAUD: London DeclineI would like to see a sell-off from this region now that we have purged the order block liquidity.
Hopefully, the London open volume can assist us.
EURAUD Short 1W chart analysis with MA crossover and fib pullback strategy. open short only ofter 50% reaction until 38.2% or 23.6%
Euraud ready to fly are u ready dont missedEuraud ready to big buy dont missed market break the structure .one demand zone is already retested and another is fresh wait for flying
EURAUD Sell Setup Looking to grab 20-60 pips off of this move in London.. It could potentially turn into a swing trade tho
EURAUD H&S Pattern Forming (Short Setup)If you like this idea, like it and follow me for more.
Colour key: Pink = weekly, Grey = daily
I've marked out some supply and demand zones as well as some key support and resistance levels from the weekly and daily timeframe. I've also identified a bullish channel which will offer confirmation for a bearish reversal once it is broken.
I'll be entering with low risk due to the abundance of fundamentals being released this week.
Updates to follow, follow me to see them.
EUR/AUD Short Setup After Daily Closure To Confirm,200 Pips HereThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURAUD - Bearish BiasEURO - Weak Bearish
1️⃣ Both Manufacturing and Services PMIs in the Eurozone declined in September.
2️⃣ Political uncertainty in Germany could affect the value of the EUR.
AUD - Weak Bullish
1️⃣ The Prime Minister of New South Wales Australia, Gladys Berejiklian says that the reopening of the economy in the region could be implemented as early as 11 October, and its full reopening is seen on 1 December.
2️⃣ Risk-on sentiment can support high-beta currencies like AUD.
3️⃣ The recovery in iron ore prices benefits the AUD.
=====
Technical
=====
We are selling the EURAUD after it breaks the support zone.
EURAUD Bearish!Waiting for EA to pull back into the 1.61300 area and reject to continue to the down side to possibly make a triple bottom. Price is in a major down trend
EURAUDIn my opinion, This symbol is in a daily uptrend channel and is expected to continue its uptrend.
EURAUD SHORTShows an H&S model during EURAUD's Daily Period. However, this has not yet been created. That is, we are in the right shoulder and a somewhat risky plan. ROC has been used to confirm the addition and it shows -0.16. That is, it strongly indicates the tendency for prices to fall
