Categories: Guest posts

EURAUD – One More Push Higher Likely

Guest Post by Nicola Delic

The Euro climbed higher against the Aussie Dollar recently, and traded above the 1.5200 resistance area. The EURAUD pair is under a correction phase currently, and it is likely that once it is complete, the pair might continue trading higher. There is a chance of a 5-waves pattern formation on the hourly chart, which could take the par towards the next level of interest around 1.5400. So, I know we should look for ways to enter a buy trade in the near term.

In order to enter a buy trade I think we should wait for the EURAUD pair to break and settle above a bearish trend line formed on the hourly chart.

Technical Analysis

H4– Chart representing a wave structure and the possibility of the EURAUD pair trading towards 1.5800.

Entry:

H1– We can enter a buy trade once the EURAUD pair breaks and settles above the highlighted trend line.

Target 1: 1.53800
Target 2: 1.5450
Stop Loss: Below 1.5030

Video Explanation:

Advertisement

Click To Join Our Community Telegram Group

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.

Share
Published by
Vladimir Ribakov

Recent Posts

Weekly Summary And Review 10th March 2025

Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of March…

20 hours ago

Bond Market Selloff Extends After Seismic German Spending Pledge

Bond market selloff extends after seismic German spending pledge. World financial markets remained in a…

5 days ago

US Dollar Index Short Term Forecast And Technical Analysis

Hi Traders! US Dollar Index short term forecast and technical analysis is here. We do…

5 days ago

GBPJPY Short Term Forecast Update And Follow Up

Hi Traders! GBPJPY short term forecast update and follow up is here. On December 4th…

6 days ago

EURUSD Technical Analysis And Short Term Forecast

Hi Traders! EURUSD technical analysis and short term forecast post is here. We do our…

6 days ago

AUDJPY Short Term Forecast Update And Follow Up

Hi Traders! AUDJPY short term forecast update and follow up is here. On November 27th…

7 days ago