Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

EURAUD - Short Term Bullish Continuation Expected

20 May 2021 · 2 min

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2:22

In this video, Jordan delivers a technical analysis of the EUR/AUD currency pair, asserting that a recent range consolidation is breaking to the upside. He first examines higher timeframes (daily and weekly) to establish a bullish bias, suggesting the pair is in a pullback phase with room to rise toward identified levels. Shifting to the H4 chart, he highlights an impulsive breakout structure that supports a short‑to‑mid‑term bullish continuation, noting the absence of bearish divergences. Jordan then outlines a broad pullback zone as a potential entry area, advising viewers to use their preferred entry triggers within this zone to capture the anticipated upside move. He concludes by inviting questions in the comments.

Chapters

How you doing everyone? This is Jordan and it's time for another technical analysis setup. Today I'm going to share with you EUR/AUD, and for EUR/AUD I do believe that this range consolidation is now being broken. So if we take a look at the higher time frames such as daily and weekly, we can be arguing that this thing is going to continue and we are currently playing inside some kind of pullback here. But this pullback, in my opinion, has plenty of room to approximately these levels here. So if this is indeed the second wave of some pullback and then continuation lower, no problem, because short term we should be doing these pushes upside. So once we go to the lower time frames, namely H4— let's drop there the line. All right, we can see that there was breakout, and right before the breakout, the price created an impulse. So this is an impulsive structure breakout to the upside for continuation. No divergences in the opposite direction besides the histogram here, which basically tells me, um, by looking at everything at the moment, I should be following for pullbacks and bullish continuations, at least in the midterm here. So what levels do I follow? Let's use this thing, that zone. Okay, I know it's Pretty large zone, but technically speaking, we can go ahead and test somewhere around the bottom of it. So whatever is your entry trigger, whatever you're using for entries, you can go ahead and apply it here. In my opinion, somewhere inside this level, we're going to see another push to the upside. So that would be all for today's video, guys. If you have any questions. Let us know in the comment section below and we'll get back to you as soon as possible. Have a good one. Bye for now.