Euraudsell
EURAUD Short Scenario
Entry - In the supply zone
Target - 1.45680
Invalidation - 1.48820
Risk to reward ratio - 8
Technical confirmations
Full cycle of Elliot wave impulsive part is done and now the corrective part(ABC) needs to be finished towards C. Price has reached the supply zone forming the B wave.
Technical confirmations
Unemployment report in Australia comes on Thursday. The market consensus stands at 35.0 thousand for August, which would be a huge rebound after the -40.9 thousand reading in July.
Australian GDP grew by 0.2 percent in Q2 2022, from 0.7 to 0.9.
Jamie Gun2Head Trade - Selling EURAUDTrade Idea: Selling EURAUD
Reasoning: Possibly forming an inverse head and shoulders but resistance is holding for now. Looking to fade the rally.
Entry Level: 1.47000
Take Profit Level: 1.45150
Stop Loss: 1.47660
Risk/Reward: 2.8:1
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EURAUD is setting for a drop!!EURAUD(4H) has formed a very strong bearish price action. price already grabbed liquidity from monthly resistance and formed a clear reversal pattern. In the previous session price already has tested the neckline as resistance and we see a rejection. It is a high probability EURAUD will continue to drop as the long-term trend is down.
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EURAUD possible sell zone!!EURAUD is in a long-term downtrend. After monthly strong bearish engulfer, we have seen monthly doji last month. Currently, the price has grabbed liquidity from the resistance, and we have seen strong rejection from the top. As the price formed a reversal pattern, it is a high probability that EURAUD will continue to drop after testing the neckline of the reversal pattern as resistance, the price may continue to drop.
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EURAUD Multiple timeframe analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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EURAUD and GBPAUD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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EURAUD preparing for a big drop!!EURAUD has formed strong bearish price action on the 4H timeframe. The price is already long-term bearish. After the previous month's bearish engulfer, this moths price already retraced, now preparing for a big drop to create a new lower low!
The current price has broken the previous swing high, grabbed liquidity, and started to drop with 4H bearish engulfer
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EURAUD topdown analysis, UPDATED!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURAUD prearing for another drop!!UDATEDEURAUD ( 4H ) has broken out of support and is preparing for another drop. On the bigger picture, monthly there is bearish engulfer has formed on a strong down-trending market. price grabbed liquidity with strong doji and it is a high probability that the price will continue to drop in the direction of the major trend.
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EURAUD preparing for a drop!EURAUD ( 4 H ) has broken out from the symmetrical triangle with a bearish engulfer with an element of false breakout means there is a high probability of dropping this price as after the monthly bearish engulfer, higher timeframe long-term downtrend is resumed.
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EURAUD possible sell zone!!EURAUD ( D) has formed a daily hanging man on an important level of resistance. There is a high probability that the price will have another drop as after the monthly close, it has formed a monthly very strong bearish engulfing pattern means a long-term down trend resumed.
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EURAUD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Euraud stuck in patternHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:EURAUD
We can see market is stuck in range and testing its support.
So we are expecting perfect rise from its support.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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EURAUD,EURGBP & EURCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.