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Attachments: EUR/AUD
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EUR/AUD

Took long on this pair.. 25 to 30 pips target
Forex Learner
Quoting iwishtowin
This is the lowest price rate for EURAUD. I am bought max lots here I could buy. It will go all the way above 1.5600 in the next 2 weeks.

Can you provide a chart with your reasoning on it? Weekly chart does not support this at the moment. Might in the future though

Edit: Looking at smaller TF it is oversold so an upmove within this chaos is possible. But a close beyond 1.5000 is negative

Olu
Attached Image (click to enlarge)
Click to Enlarge Name: euraudWM.JPG Size: 64 KB
Find a trend and milk it for all it is worth. That's how to be profitable
EUR/AUD is temporarily BULLISH due to 1.52000 support level on the 4H chart before it continues its way down to 1.5000 level.
Take what the market gives you.
where are the buyers?
is it a good place to buy?
  •  EDG
  • | Joined Feb 2007 | Status: Nothing is fixed. Keep an open mind | 229 Posts
15165 level gotta be breached and be made a firm support if euraud is to have a chance to reverse upwards
Hindsight is useless if you never learn anything out from it
Love the head and shoulders pattern formed on the Eur/Aud weekly chart, waiting for a drop below 1.5013 for a short. Anyone else in on that?
Yep with you on a short. Looking for 1.5000
Quoting tuvix2
Love the head and shoulders pattern formed on the Eur/Aud weekly chart, waiting for a drop below 1.5013 for a short. Anyone else in on that?

I will be looking to buy down there. No reason to sell when the market is going down. You buy when the market is low. Simple concept that works in all markets.
Quoting Olu
{quote} Can you provide a chart with your reasoning on it? Weekly chart does not support this at the moment. Might in the future though Edit: Looking at smaller TF it is oversold so an upmove within this chaos is possible. But a close beyond 1.5000 is negative Olu {image}

Look at your dailey chart. 5028 is a major area of support. Look at the reaction it had off that level already. buying is the play here.
1.5000 reached this morning. Now let's see what action we will get - bounce or breakthrough. If the new Aud strength does not let us down and the ECB keeps trying to jawbone the euro down we might have our 700 pips H&S target

Olu
Find a trend and milk it for all it is worth. That's how to be profitable
Quoting lonewolf1
{quote} I will be looking to buy down there. No reason to sell when the market is going down. You buy when the market is low. Simple concept that works in all markets.

ouch!

Trade what you see!
I have placed my first buy at 1.4950. I will add to it if it drops lower.
Quoting lonewolf1
I have placed my first buy at 1.4950. I will add to it if it drops lower.
Just saw this on Eur/Aud: Nearing sell stops under 1.4915. Level of bids at 1.490
Those bids at 1.490 should hold price. A break south of there and idk abt it.
We have two consecutive 230+ pip red weekly candles for the first time since September 2011 on EURAUD.

Interesting is, that in that particular September 2011 we rebounded all the way back in very next 2 weeks. Let's see the height of rebound this time (if there will be one that is) in next two weeks.
it's time to buy imho
Quoting jimi
it's time to buy imho
Is it Jimi?. The confirmed H&S on the weekly chart has a possible target of 700 pips. Of course price will move up and down so it is still possible to find some upmove to buy but the trend is down at the moment

Olu
Find a trend and milk it for all it is worth. That's how to be profitable
already took some losses in this pair trying to catch bottom. not a pretty thing.
Quoting jimi
it's time to buy imho
I wouldnt rule out a touch of the 200 sma on the daily chart, Im still holding a few shorts to see if it can get a poke down there. My stops are tightened to just above the quarterly pivot . The fib levels are extensions of the last swing that bounced off the quareterly pivot . Good luck all.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Daily.jpg Size: 357 KB
Quoting digger1
{quote} I wouldnt rule out a touch of the 200 sma on the daily chart, Im still holding a few shorts to see if it can get a poke down there. My stops are tightened to just above the quarterly pivot . The fib levels are extensions of the last swing that bounced off the quareterly pivot . Good luck all. {image}

I have a touch on my chart... Continuation below ir is bad for the pair

Olu
Attached Image
Find a trend and milk it for all it is worth. That's how to be profitable
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