Further downside seems possible for EurAudHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
More downside might be coming on EA...bias will be to short.Unless it whips.
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Aud-trading
EURAUD to move down side...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Instead for this week i am bearish on EURAUD, but waiting to see some retracement before shorting. Let's see how the PA plays out this week.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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Remember I mentioned about GbpAud last week, now what?Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Last week I was mentioning that I was looking at GbpAud since its at a key area of resistance...I mentioned in my video to be open to it breaking up as well..So it did, so far, pullbacks should be to enter on long.
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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EURAUD Trade Alert: Bullish 'W' Formation Predicts BIG Gains!Hey Traders!
As we begin the week, our focus is on the EURAUD currency pair. Exhibiting a strong uptrend and a bullish 'W' formation on the 4-hour chart, this pair shows promise for further ascent. The presence of a low lower wick close reinforces the potential for continued bullish momentum. As always, ensure to integrate this information into your broader investment strategy. 😊👋
Euraud looks good to rally higher
**Find out more from my Tradingview Stream this week**
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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GBPAUD Next Possible MoveTechnical Analysis Chart Update
GBP / AUD ( British Pound / U.S Dollar )
Time Frame - H4
According to Pattern we have FALLING WEDGE
It is at Daily Support Level and completing Corrective Waves " ABC "
If it Breaks the Upper Trend Line then Long Term Buy
We have Buying Divergence in #RSI
AUDUSD D1 - Long Signal 0.70 HandleAUDUSD D1
Something else for the watchlist this week, big 0.70 handle looking like a nice support zone to consider taking long positions, we haven't traded lower than this 0.70 handle for 1.5 years.
Healthy corrections would see us trade back up towards that 0.72700 resistance price.
GBPAUD, returning back to uptrend?In general a uptrend on the higher timeframe, is there more upside in the coming days?
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Thank you, and please do your due diligence before any putting on any trades!
AudCad ready to sink further...
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
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AUD/USD going longThe Australian dollar hasn’t reacted to news of a lockdown in greater Sydney and renewed border closures as cases of the coronavirus Delta variant spread. But if the uncertainty caused by the latest developments impacts RBA expectations, the AUD/USD could be exposed to renewed weakness.
The Reserve Bank of Australia meets on July 6 and a growing number of analysts are predicting they will be forced to raise rates as early as Q4 2022, well before the bank’s 2024 timeline.
There is also rising speculation the RBA may drop the reference from previous statements that conditions for a rate rise are “unlikely to be until 2024 at the earliest.”
Such expectations may have to be scaled back due to the rise in coronavirus-related uncertainty, which the RBA has previously flagged as a continuing concern.
The June meeting statement noted: “An important ongoing source of uncertainty is the possibility of significant outbreaks of the virus”.
The RBA may use the lockdowns as cover to push back against the market’s more hawkish predictions.
The bank’s insistence that the economy needs more stimulus hasn’t wavered and any tweak to their bond-buying program announced at the July meeting is unlikely to be delivered with a hawkish tone.
FX:AUDUSD
EurAud should be continuing to rebounce upwards....upwards bias more...
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
Can BULLS push EA up to 1.6305 (BUY): Weekly, Daily, 1hr
EA Thesis
- Weekly: Last week candle closed with a long wick after rejection off major level 1.6225 signalling bullish momentum could still push EA to the upside.
- Daily: Friday candle also closed with a long wick to the upside after rejection off major level 1.6225 signalling bulls could push market higher to next possible target 1.6305. Double bottom formed at major level signalling bulls could really be in control.
- 1hr: Now waiting for a possible pullback into 1hr launch pad/ previous daily lows, If level holds we could see a strong bullish rally towards 1.6305.
GBPAUD for another EXPANSION to 1.8050(SELL)? Weekly, Daily,1hr
GA Thesis
- Weekly: 2 weeks ago candle closed as a bearish engulfing breaking below 1.8280 major zone. Last weeks candle closed as a shooting star signalling great bearish momentum.
- Daily: Friday candle took out previous lows with a break below 1.8280 zone changing market structure bearish. Next possible target for GA 1.7850 zone.
- 1hr: After break below 1.8280 now would like to see a pullback into level for retest before a likely sell off to to 1.8050.
Possible AUD/JPY Short position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe 1-2 Days
Actions on -
A – Activating Event
Market will meet resistance in zone @79.6 - .... and fall to the 79.00. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 79.00
FX:AUDJPY
Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 79.00
Target 2 @ ....
Risk/Reward @ 3.1
Happy trading :)
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!