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Euraudsell

EURAUD Short trade ideaEURO looking weak across the board with multiple crosses having the identical move, we currently seeing a pull back from the long term daily downtrend. Around the area of 1.53 price has magnetized to this level a few times before, we have seen a major break through this level from been a nice support to now been rejected as a resistance area. Price also lines up with a nice 61% fib retracement so ill be taking short trades if price rejects this area once again.
Short
by jamison_fx
Euraud Analysis from 16-05-2022 (time to continue downtrend)Euraud Analysis from 16-05-2022 (time to continue downtrend), The eur aud pair has been characterized as a directionless pair. lol. Hence we will not pay much emphasis on its fundamentals though some high impact news which could cause volatility in the euro are the euro commission spring forecast on Monday 11:00 am, WAT, gdp rate qoq on tuesday 11:00am WAT. From Australia , we should keep a watch on the Aud when the Reserve Bank of Australia minutes are read on tuesday 17th may 3:30 am wat. Sentimentally, the euro zone is yet to recover from the economic effects of the war/ tension in Ukraine and the shortage of supplies from Russia to other parts of Europe. Technically, euraud after breaking a structural demand zone around the 1.5262 price area on 2nd of march 2022, as highlighted on the chart, the price has reached that structural level which may now be seen as a supply zone as price has rejected the zone twice on the daily time frame followed by a control drop... a full multi timeframe breakdown an entry strategy is been shared in the video analysis of this content in the red channel below. My approach: I would wait for price to retrace to the area around 1.5114 to look for short signals, confirmation and entry on the 4hr chart. My sentimental bias for the euraud is bearish. I would love to see your opinions about this pair. cheers Lets go take some risk, lets go make some money.
Short
by MillionaireLogistics
EURAUD | New perspectiveWith an evident downtrend scenario on the 4h time frame. How can we take advantage of a sell continuation opportunity if it finally happens? Let's check this out together. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2
EURAUD forecast for the next few daysWith EURUSD heading to take a possible fall, the minor EURAUD is also exhibiting the signs of weakening Euro against Australian Dollar. This may be a smaller frame analysis but with the huge engulfing with the last daily candle seemingly warrants to favor the bears. Technical prospects of the EURAUD Analysis: 1- Proper Head and shoulder exhibited by H4 timeframe 2- Bearish engulfing on daily frame 3- Last possible H4 Lower Trendline broken Since, Head and Shoulder pattern travels back to its base, or at least near to the base, we might be looking at the trade possibility of 300+ pips. The price chart says that EURAUD is heading down low. The rectangle marks the target support region of the trend. Best of luck, Happy trading and Happier Profits!
Short
by Uzi-Trades-Forex
EUR/AUD - SELLMonthly: 1. Impulse 2. Brake of previous structure 3. Correction on lower timeframe Looks bearish at this moment Weekly: We can see more clearly on the Weekly timeframe the impulse, brake of structure and correction. Looks bearish at this moment. Daily: Fibonacci is added from lower timeframe 1.Impulse 2.Correction 3. Engulfing Daily candle from Fibonacci level Going to make a entry on 4h timeframe 4H: Bearish Engulfing candles and pinbars from fibonacci levels. Good time for entry RR 1:4
Short
by Trader_Petrov