EURUAD I Potential downward movement from weekly reversal zoneWelcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
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EURAUD
EUR/AUD BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
EUR/AUD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.639 area.
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EURAUD Is Very Bearish! Sell!
Here is our detailed technical review for EURAUD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.649.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.640 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EURAUD in the first half of 2024A glimpse of the EURAUD in the first half of 2024
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EURAUD A Fall Expected! SELL!
My dear followers,
I analysed this chart on EURAUD and concluded the following:
The market is trading on 1.6372 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.6299
Safe Stop Loss - 1.6410
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
7 Dimension analysis For EURAUD 🕛 TOPDOWN - Bearish Continuation Setup for EUR/AUD
Overview: Monthly and daily analyses reveal a prolonged bearish trend with notable liquidity sweeps. Weekly analysis is pending, focusing on the daily for detailed insights.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Break of Structure (BoS).
🟢 Swing Move: Impulsive.
🟢 Inducement: None observed.
🟢 Pull Back: Absent.
🟢 Ext OB: Mitigated.
🟢 Support/Demand Area: Weak demand area - possible redistribution.
🟢 Trendline: Daily trendline intact.
🟢 Buildup/Pre-break/Post-break/QC: Data insufficient.
🟢 Traps: None detected.
🟢 Time Frame Confluence: Daily.
2️⃣ Pattern
🟢 CHART PATTERNS
Reversal: Head and shoulders, double top.
Rounding Patterns: Double at the 2nd shoulder with strong rejection.
🟢 CANDLE PATTERNS
Key Considerations:
Record session count indicates a possible consolidation at this support.
Strict marubozu candle could be a climactic player.
Tower top/bottom indicates potential climax at the opening.
3️⃣ Volume:
🟢 Fixed Range suggests a profit booking area.
🟢 Good breakout volume.
4️⃣ Momentum RSI:
🟢 In a super bearish zone.
🟢 Range shift not confirmed.
🟢 No divergence.
🟢 Loud moves shifted from sideways to bearish.
5️⃣ Volatility Bollinger Bands:
🟢 Middle band rejection.
🟢 Squeeze done with breakout outside the lower band.
🟢 Walking on the band just started.
🟢 Dual band derivation supported.
6️⃣ Strength According to ROC:
🟢 Values: EUR at 0.31, AUD at 4.1. AUD exhibits more strength at this level.
7️⃣ Sentiment: After comprehensive analysis, the sentiment strongly favors a sell setup in this pair.
✔️ Entry Time Frame: Daily
✅ Entry TF Structure: Bearish
☑️ Current Move: Impulsive
✔ Support/Resistance Base: Support level already broken with a momentum candle.
☑️ Candles Behavior: Momentum is bearish.
☑️ Trend Line Breakout: Confirmed.
💡 Decision: Sell at opening.
🚀 Entry: 1.63137
✋ Stop Loss: 1.6551
🎯 Take Profit: Hold until price walks on the band.
2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO.
😊 Risk to Reward Ratio: 1:3.5
🕛 Expected Duration: 10 days
SUMMARY: The analysis strongly supports a bearish continuation setup. The absence of significant pullbacks and strong bearish momentum across multiple indicators suggests a favorable sell opportunity. Risk management is key, and the strategy involves holding until a clear indication of a trend reversal.
EURAUD - Long for buy side liquidity ✅Hello traders!
‼️ This is my perspective on EURAUD.
Technical analysis: We can see here that price forms higher lows and higher highs, so I am looking only for longs. For now I expect bullish continuation after price rejected from bullish order block, I see price to take buy side liquidity.
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EURAUD -12hrs ( Buy Trade Target Range 400 PIP ) 💵Pair Name : EUR/AUD
Time Frame : 12hrs Chart / Close
Scale Type : Large Scale
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Long )
Type : Mid Term Swing
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☑️Bullsih Break
1.64400 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Channel Break
- Day / week low
- Fixed Range Lvn
☑️Bearish Reversal
1.68500 Area
Reasons
- Major Turn level
- Visible Range Value
- Fibo Golden
- 3 Q High + Q High
EUR/AUD BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
EUR/AUD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 8H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.623 area.
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EURAUD Will Fall! Sell!
Here is our detailed technical review for EURAUD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.633.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.625 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EURAUD Potential DownsidesHey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.64200 zone, EURAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.64200 support and resistance area.
Trade safe, Joe.
EURAUD Trading Opportunity! SELL!
My dear followers,
I analysed this chart on EURAUD and concluded the following:
The market is trading on 1.6325 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.6253
Safe Stop Loss - 1.6363
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
⚡️EURAUD CMC TRADING ⚡️ CHOCH Vs FVG & OB ( REVERSAL )EURAUD has undergone a significant Change of Character (ChoCh), signaling a reversal, notably marked by Fair Value Gaps (FVG) and Order Blocks (OB). We've initiated a long entry, targeting the recent swing high, guided by the identified Order Block.