EUR/AUD Forex Analysis and Forex Signal

EURAUD MTF Analysis

  • I came across this setup when looking at the currency strength indicator. AUD displayed a 8.0 and USD displayed around 1.0 strength
  • This indicates to go short on the EURAUD when basing off of currency strength
  • I loaded up MTF for EURAUD
  • The 1hr, 4hr, D1 and W1
  • H1, 4H, D1 show Stochastics around the low below 20 zone (this indicates the pair is oversold…so be careful)
  • W1 show Stochastics at the overbought level (80)

So, here is our plan! See possible entry, pending entry and target zones at the bottom of the post

password is slicktrade
EURAUD H4 Chart
EURAUD D1 Chart
EURAUD W1 Chart

Pending Or Immediate Entry

  • You can enter a short immediately, but watch your positions…it is best to wait to see where the candle body ends on the D1 today. I would rather miss out on a trade than potentially get stuck in trade by entering right now
  • Short Entry: 1.712464
  • Short Target Range: 1.696812 – 1.677252
  • Trail stop for maximum profit!

Cheers to another successful week!

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