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Euraudtrade

EURAUD:🔴Bearish scenario🔴 Well, as you can see, the price purged the weekly external range liquidity, had a bearish reaction, and shifted the market structure, most likely we are on the sell side of the curve now. Recently the price took the sell side liquidity which can cause the price to move higher to collect the buy side liquidity and then drop to draw on liquidity. The price can move lower from here to 4-hour FVG and collect the first sell-side liquidity. If the price goes higher we can sell above buy-side liquidity, by lower time frame confirmation. 💡Wait for the update! 🗓️22/04/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
3
EURAUD Trading Plan 10/Apr/2024Hello Traders, Hope you all are doing good!! I expect EURAUD to go Up after completing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
The only way to be happy is by shorting the EURAUDAUD perspective: Positive: - The Australian economy is weakening, BUT compared to the European "experts" it is holding up quite well (very difficult I know) -> there is no sign of a recession in Australia so far, quite the opposite of the Eurozone, I had already predicted the inevitable recession in my EURCAD trade idea here - Retail sales came in stronger than consensus expectations (+0.3%) at +0.9%. - Inflation came in WAY higher than the market or the RBA expected, forcing the Reserve Bank of Australia to raise rates at least 1 if not 2 more times. - The market is pricing in the fewest rate cuts for the RBA in 2024 (none at all) - due to the shaky sentiment, the AUD should not appreciate in a one-way street, but rather steadily and constantly BUT: as the old saying goes: "A good kangaroo only jumps as high as it has to." Negative: - The trade balance has weakened somewhat recently - Any risk-off episode (e.g. an escalation of the Middle East conflict) would hurt the AUD - China is increasing its fiscal packages for the economy, but so far the recovery of the Chinese economy has been rather sluggish. I don't need to say much about the sad outlook for the euro, as I have already covered this sufficiently in the previous trade ideas, whereby all my predictions have materialised -> Eurozone inflation fell to below 3% as I forecasted in July -> the ECB had to massively reduce its GDP forecasts (which are still too high) -> Germany is in a prolonged recession and will continue to be so into next year Sad for the Eurozone economybut good for my EUR shorts, these are making me very happy :)
Short
by PrimeTrading
131
EURAUD I It will bounce from demand zone - BUY Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
EURAUD I Potential downside continuation to support Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
1
EUR/AUD SHORT from 1.6545EUR/AUD has hit a band of resistance under the WPP pivot at 1.6567 which coincides with the 200 EMA on H1. With the 200 and WPP above the price, then EUR/AUD BULLS will have their work cut out to push the price musch higher and this gives us a natural STOP for SHORT trades at 1.6574 (29 pips). However. This trade carries risks as we have few confirming indicators. The Andean Oscillator has the red SELL line flat and we would like to see this above zero although it doesn't look like it will be long before it turns north. The Pivot Point SuperTrend has been signalling a SELL trade since last Wednesday so this is good. RSI is in midtable and tells us little and MACD has the fast and slow MA's locked together both reading close to zero so we have directional information just yet. The last 3 H1 candles could be considered a triple top and these tops have all touched the 100 EMA on H1 and been rejected. This looks a SHORT trade set-up and with news out of the way we could see this pair head lower but this will have to be watched. Target initially is support at 1.4679.
Short
by forextraplaces
EURAUD Trading Plan 28/Feb/2024Hello Traders, Hope you all are doing good!! I expect EURAUD to go Down after completing this wave. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Short
by For3xScalper
EURAUD I Ranging but expect price to react from EUR CPI data Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
by BKTradingAcademy
EURAUD I Bearish market structure and more potential downside Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
4
EURAUDWhat is likely to happen next? It takes 2 points to show that a trend is valid but takes 3 points to show that a trend is confirmed. Looking forward to see a heavy rejection at current price level. We may get a retracement if the area is rejected, but keep in mind the long trend is heavily BULLISH. Because we are in a descending channel which equals to BLL RUN. Pullbacks or retracements are inevitable. At this point I will just watch the market behavior and patiently wait before I take any position. Whether long term buys or short term sells.
by EXECUTIVE_FX_BOSS
EURUAD I Detailed analysis ahead of AUD Cash Rate ReportWelcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
by BKTradingAcademy
2
EURAUD Technical Analysis and Trade IdeaThe EURAUD is currently exhibiting a bullish bias with increasing momentum. On the 4-hour timeframe, a retracement has brought the pair to a key support level, potentially presenting a trade opportunity at the Fibonacci 61.8 retracement. It's crucial to note, however, that the pair is currently somewhat extended, leaving the possibility of further downside before establishing a firm footing. In the video, I analyze two potential trade scenarios: one for the 4-hour timeframe and another for the daily timeframe. While I believe these strategies merit consideration, please remember that this information is intended for educational purposes only and should not be construed as financial advice. It's essential to conduct your own due diligence before taking any trading positions.
Long
by fxtraderanthony