EURAUD - Short active ✅Hello traders!
‼️ This is my perspective on EURAUD.
Technical analysis: We are here in a bearish market structure on 1H timeframe, as price changed the character. I expect bearish price action after the price took buy stop liquidity and rejected from institutional big figure 1.64000. There is also a probability that price will go a little bit higher and then to reject from bearish order block.
Fundamental analysis: Next week on Wednesday we have news on AUD, will be released quarterly and yearly CPI. Pay attention to the results in order to secure the trade.
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Euraudshort
EURAUD - Bearish Trend - 1H Time FrameBased on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. With this in mind, we recommend taking a long short with a risk/reward ratio of 1:1.
Trade Short
Sell Stop = 1.62438
Stop Loss = 1.63616
Lot Size = 0.10
Take Profit 1 = 1.61245
Take Profit 2 = 1.60067
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
EURAUD price action looks to be forming a top.EURAUD - 24h expiry - We look to Sell at 1.6345 (stop at 1.6401)
Previous support located at 1.6300.
Previous resistance located at 1.6350.
Price action looks to be forming a top.
The trend of higher intraday lows has also been broken.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.6350, resulting in improved risk/reward.
Our profit targets will be 1.6215 and 1.6200
Resistance: 1.6350 / 1.6400 / 1.6425
Support: 1.6250 / 1.6200 / 1.6150
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EURAUD confirming an Ending Diagonal Pattern? Today’s focus EURAUD
Pattern Ending Diagional
Possible targets 1.6045 - 1.5905
With the AUD pushing higher on Tuesday, pressure has resumed on the EURAUD. Price looks to have formed an ending diagonal, and today sellers have started to confirm the pattern with a new move breaking the pattern.
Ending Diagonal patterns are best seen at the top of trends and can be a forewarning that a change in momentum is on the cards, but we need to see the pattern complete and be confirmed by a breakout.
From here, we want the break to continue with a new move down to the target areas confirming the move. Traders should be wary of a new fightback that closes back inside the ED pattern. A lot will come down the AUD and if it can continue to hold its current run.
Good trading.
EUR/AUD looks bullish! Good RR!Hey tradomaniacs,
looks like we are going to get a nice buy-signal for EUR/AUD as soon as the breakout of the trendchannel of the lower timeframe happened.
As soon as we get momentum and eventually an FVG which has to be closed by a pullback, we could consider to go long in this scenario.
A strengh in USD aswell as rising Yields might cause upcoming downmoves of indices and stock, which would boost this setup as AUD tends to fall harder as a risk-on-currency than EUR.
What do you think?
Trade Triggered Moving Nicely 'with caution'Quick update on this idea from earlier in the week.
As expected we got the move above 1.64 and then waiting for a 12hour signal on the TRFX indicator which occured so have entered the first position.
As the pair still could go up to 1.65 where if this occurs I will enter again.
First target for this position will be 1.60 where I expect some buying to come back in the market.
Trade is moving nicely and has already dropped over 100pips since entry
For long term targets please read the initial related post.
Time To SHORT ??As we surpass the 1.64 mark, I am preparing to establish a long-term short position.
We have now entered a significant monthly supply/sell zone, with the price appearing to be attracted to the 1.65 level. This level also coincides with a robust monthly resistance area deeply situated within this monthly zone.
There is a high likelihood that we are currently in a zone where sellers will begin accumulating positions. We can expect to see signs of buyer fatigue on lower timeframes and sideways movement as we approach the 1.65 level.
I will be monitoring for a signal on my TRFX indicator above 1.64 on the 12-hour and daily charts to initiate a short position. I will gradually build the position if the price continues to climb, as we could witness a quick rise to 1.655 before a sell-off occurs.
The primary target for this trade is the green line on the chart, which represents the previous high in the ongoing upward trend and is now functioning as support. We should anticipate a brief reaction here before the price moves downwards toward the green box area, a newly formed, untested demand/buy zone.
Please note that this is a long-term swing trade idea and could take one to two months to fully develop, but the potential for profit is substantial.
EURAUD Reached at Major Resistance Level The Scrip is at Major Resistance level
formed Spinning top Candle on daily
Divergence on RSi & Macd
Fib Support At 1.6107 & 1.5887
Possible Compleltion of AB=CD Pattern
Wait for an other Red Candle on Daily or 4H to go short
Only Bulish Indication is Making Higher Highs (Dow Theory)
EURAUD - Expect retracement ✅Hello traders!
‼️ This is my perspective on EURAUD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.61000.
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EUR/AUD UPDATEThe game plan is still the same. The only difference is that a level was recently added. 1.65556. If this level is reached, I believe that there is a good chance that price will reverse from there or not go too far if it price goes above. It may not get there at all and that's fine. I'm still selling at the bottom two levels if price gets to those. FX:EURAUD
EURAUD Bearish AnalysisDate: 03/04/2023
On Daily TF, EURAUD is bearish, after hitting the major resistance, price dropped with a bearish engulfing candle.
4hr is also bearish, if price closes below this level, i will be looking for a short entry. But if price closes above the level, i will be looking for a buy trade
What do you think about this trade
Sell EARAUD SW 030423 14.40📌📌Idea Share Sell EURAUD📌📌
Link :
📍📍Open order 1.619
Sell lim 1 1.6258
Sell lim 2 1.6318
Sell lim 3 1.6395
Sell lim 4 1.6478
Sell lim 5 1.6533
Sell lim 6 1.6599
Tp 1.5955
Sl 1.6666
Warning !!! (Swing trade must be use pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.1 lot
Sell lim 1 0.15 lot
Sell lim 2 0.20 lot
Sell lim 3 0.25 lot
Sell lim 4 0.30 lot
Sell lim 5 0. 40 lot
Sell lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot
Example
(3,000$)
Open order 0.04 lot
Sell lim 1 0.05 lot
Sell lim 2 0.06 lot
Sell lim 3 0.07 lot
Sell lim 4 0.08 lot
Sell lim 5 0.10 lot
Sell lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
EURAUD - Expect retracement ✅Hello traders!
‼️ This is my perspective on EURAUD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to make a retracement as we can see a rejection from institutional big figure 1.63000. Price could take sell stop liquidity and to fill the imbalance and then to reject from bullish order block.
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Euraud mapping analysis 29/03If the price breaks the above block area it will go to make a new high otherwise it will retrace down to my mentioned areas in the chart,take the sell position after seeing the momentum candle,there are bearish divergences in multiple time frames which also helps the market in making lower lows.