Euraudanalysis
EUR/AUD SHORT from 1.6545EUR/AUD has hit a band of resistance under the WPP pivot at 1.6567 which coincides with the 200 EMA on H1.
With the 200 and WPP above the price, then EUR/AUD BULLS will have their work cut out to push the price musch higher and this gives us a natural STOP for SHORT trades at 1.6574 (29 pips).
However.
This trade carries risks as we have few confirming indicators.
The Andean Oscillator has the red SELL line flat and we would like to see this above zero although it doesn't look like it will be long before it turns north.
The Pivot Point SuperTrend has been signalling a SELL trade since last Wednesday so this is good.
RSI is in midtable and tells us little and MACD has the fast and slow MA's locked together both reading close to zero so we have directional information just yet.
The last 3 H1 candles could be considered a triple top and these tops have all touched the 100 EMA on H1 and been rejected.
This looks a SHORT trade set-up and with news out of the way we could see this pair head lower but this will have to be watched.
Target initially is support at 1.4679.
EURAUDEUR/AUD appears to be exhibiting a bearish sentiment as it has formed a double top pattern, followed by a correction nearing completion at around 38% retracement. The breakout below the neckline suggests further downward momentum. Additionally, the current price action seems to be following a bearish pennant pattern, signaling potential selling opportunities for traders. Keep a close eye on the price action for confirmation of the bearish trend continuation.
DeGRAM | EURAUD confluence levelEURAUD is approaching the psychological level at 1.65000 and the channel border.
Price is trading in the ascending channel, which acts as dynamic support.
It created a confluence level where we have a psychological level, a 61.8% fibo level, and dynamic support.
We expect a rebound from the support.
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EURAUD I Intraday long opportunity from support zoneWelcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURAUD can melt downThe EUR/AUD currency pair has recently exhibited a classic head and shoulders pattern, signaling a potential reversal in its trend. With the neckline breached, this suggests a confirmation of the pattern. Traders may anticipate further downside movement as this pattern often indicates a shift in momentum from bullish to bearish. Monitoring price action and key support levels could provide insights into the extent of the potential decline in the pair's value.
EURAUD - Bullish price action ✅Hello traders!
‼️ This is my perspective on EURAUD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I expect bullish price action from here as price almost filled the imbalance and now we could see a rejection from support zone + FIBO 0.618 level.
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Eur/ Aud SellEA has been shooting up for a while and has tapped and induced into supply taking out the equal highs and early sellers and now broken structure to the downside both on the 5, 15mins & 30mins.
Upon seeing a decent retracement back up I entered sells @1.66900 with stop loss @1.6705 (risking 15pips).
TP1: 1.66500 TP2: 1.6605 TP3:1.6585 TP4:1.65600
* Where has the market moved since I entered my trade? Slight profits
* If I looked at the market now, would I take the same trade? Yes
* How do I feel about my trade? Optimistic
* What do I like about this trade ? precise entry & multiple confirms & confluences
* What do I dis-like about this trade now? nothing
* On a scale of 1 to 10, where would I rate this Trade now? 7/10
* If I were not in a trade now, would I take the opposite trade ?no
EURAUD Trading Plan 28/Feb/2024Hello Traders,
Hope you all are doing good!!
I expect EURAUD to go Down after completing this wave.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
EURAUD OUTLOOKEURAUD FEB WEEK 5 OUTLOOK -
Daily - Exactly same as last week. Long bias still alive till price is above the 1.64458 - 1.64001 zone. if price manages to get absorbed in this zone, I will look to go long.
Origin - price has already escaped the entry area for me. but I will look to enter long upon pullback to zone 1.64947 - 1.64768 i.e. I will look for price to get absorbed in that zone and then once price holds above the higher end of the zone, I will look to enter long to take it up to 1.65287
EURAUD I Ranging but expect price to react from EUR CPI data Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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euraud analysis elliot. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EurAud- Heads up for a 500 pips potential dropSince mid-August of last year, FX:EURAUD has been consistently forming lower highs on our chart, negating a bullish trend that spanned over a year, a trend which was negated back in December.
This year, the pair has entered into a distribution phase, with a high likelihood of establishing a new lower high.
Over the past month and a half, bears have sold every rally, particularly those near or slightly above 1.66.
With the pair returning to the support zone, there is a strong possibility of a downward breakout.
In such a scenario, EURAUD could accelerate its losses, potentially dropping below 1.6, a movement of around 500 pips.
Moreover, such a trade could potentially offer a remarkable risk-to-reward ratio of 1:4 to 1:5.
EURAUD
EUR/AUD appears to be experiencing a bearish momentum as it breaks below the support trendline of an ascending triangle pattern. This breach suggests potential downward pressure on the pair, signaling a shift in market sentiment towards the Australian dollar against the euro. Traders may look for confirmation through increased selling volume and further downside movement before considering short positions.
EURAUD 300pips MONSTER SELL incoming.... READ!EURAUD is now below the HALF QUARTER level. With DXY looking Bearish we can expect EURAUD to run to the downside about 300pips.
We expect a little PULLBACK ABOVE the BLUE KEY ZONE, followed with an EXTREME SELL OFF.
This is one of those setups that will get you FUNDED real quick.
euraud buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURAUD - Long to resistance ✅Hello traders!
‼️ This is my perspective on EURAUD.
Technical analysis: As we can see here price is in a range for couple of weeks, so I expect to see a rejection from support zone + institutional big figure 1.65000. My target is resistance zone.
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EURAUD I Bearish market structure and more potential downside Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
EURAUDWhat is likely to happen next?
It takes 2 points to show that a trend is valid but takes 3 points to show that a trend is confirmed. Looking forward to see a heavy rejection at current price level. We may get a retracement if the area is rejected, but keep in mind the long trend is heavily BULLISH. Because we are in a descending channel which equals to BLL RUN. Pullbacks or retracements are inevitable.
At this point I will just watch the market behavior and patiently wait before I take any position. Whether long term buys or short term sells.
EURAUD !! Trend DOWN, SELL now⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
DOWN trend, stable trading below the EMA lines, establishing a SELL signal
⭐️ SET UP EUR / AUD PRICE:
🔥SELL zone: 1.65200 - 1.65350 SL 1.65800
TP1: 1.65000
TP2: 1.64700
TP3: 1.64300
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest