Euraudshort
EURAUD Trade PlanOANDA:EURAUD
Bearish Indications
1- Bearish engulfer
2- Rejection from resistance at 1.59415, which is also previous neckline support for Head & Shoulder
3- channel trendline resistance
4- 0.5 Fib level retracement for a bearish trend started from Aug, 21
4- bearish divergence
However there are few but strong Bullish Indications
1- HH & HL on 4H timeframe
2- strong bullish momentum on RSI
So, I am short biased for smaller timeframe. It may continue back bullish trend after testing 0.236 Fib level.
But I have given two trade plans for the either side, mentioned on chart.
Please support with comment and like.
Thanks and Good luck
Potential Shark Forming 🦈🦈EURAUD - Very deep pullback on the weekly chart, price has tapped the weekly high so we're trading away from this zone assuming the downtrend will now continue, the highs may break but I feel price will drop before they do, we're following the potential shark pattern with multiple BOS on lower timeframes with bearish momentum.
Let me know your thoughts!?
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
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 - CONTINUATION OF BEARISH TREND!In this video I brake down the analysis behind possible EURAUD shorts and the reasons why we could see move back down into weekly lows.
Thanks for watching!
If you agree or disagree drop a comment and leave like on the video if you enjoyed it!
Follow if you want to see more! :)
EURAUD SELL OPPORTUNITYHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/
The market has just printed a M Pattern on the daily where we can expect a retracement on the neckline or wick that is also lining up with the structure in the market, which is previous support turns resistance. Take profit at the impulse and stoploss above the last high.
~TRADE SIGNAL~
SELL
Entry: 1.56391
Take Profit: 1.55599
Stop Loss: 1.5665
**NOTE: wait for the break and retest of the level before entering
Good luck!
You have plenty of time to achieve your target. Take it slow, observe good risk management techniques.
~FX_SHIFTER
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.