EURAUDFrom the chart pattern, I see price break and retest structure, I expect pair to buy to the marked zone
EURAUD trade ideas
EURAUD: Pullback From Key Level 🇪🇺 🇦🇺
EURAUD may pullback from a key daily horizontal support.
The pair looks very oversold after a recent bearish rally.
On Friday, the price formed a double bottom pattern on a 4H time frame
and broke and closed above its horizontal neckline.
We see its retest at the moment.
The price will reach 1.6376 level soon.
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EURAUD SHORTEURAUD SELL
FUNDAMENTAL:
EUR LEI is on decreasing side, with poor BP and NFP, along with CPI.
AUD on the other side is performing well on LEI, with better BP, Norders, IR, PPI, Govt, Budget
Scores informs us about strong position of AUD vs EUR
Ammar bhai's model shows us continuous sell from Apr24 on EURAUD, with 4 sell on Jun, 3 sell Jul, and 3 sell on Aug
Conditional scoring of AUD increasing very well, with more positive news. Whereas with EUR we see more negative news in past and current month.
EUR COT report's RSI has touched 100%, and shorts increasing. Whereas in AUD longs are increasing and shorts decreasing
Seasonality of EUR shows bearish trend till 10th of Sep, and AUD shows a small spike up.
Irone ore exports: "Overall global iron ore exports: In the first half of 2024, global exports increased by 5% compared to the same period in 2023. Australia accounted for 427 million tons of these exports, representing a 2% year-on-year increase"
Technical:
Shorts opened, bearish trend , 0.5% risk
eur index bearish and Aud index bullish
Bullish rise off overlap support?EUR/AUD has bounced off the pivot which acts as an overlap support and could rise to the 1st resistance which is a pullback resistance.
Pivot: 1.62655
1st Support: 1.61578
1st Resistance: 1.64573
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EURAUD Daily TFBias Bearish
Fundamental
EUR have bearish fundamental momentum. AUD have bullish fundamental momentum
Price Action
Price broke through H4 support level. Price retrace back into H4 broken support level. Price rejected from the H4 support level and close below the H1 SR level twice. H4 bearish engulfing is formed and likely to create a inverted hammers in H8 candle pattern.
Setup
Short setup at H1 broken SR level.
TP next Daily Support level 1:6
SL above the swing high.
EURAUD Daily TFBias Bearish
Fundamental
EUR have bearish fundamental momentum. AUD have bullish fundamental momentum
Price Action
Price broke through H4 support level. Price retrace back into H4 broken support level. Price rejected from the H4 support level and close below the H1 SR level twice. H4 bearish engulfing is formed and likely to create a inverted hammers in H8 candle pattern.
Setup
Short setup at H1 broken SR level.
TP next Daily Support level 1:6
SL above the swing high.
EURAUD 01/09/2024Weekly:
-Inverse H&S pattern.
-78.6% retracement.
-Expecting at least a reaction to the upside.
Daily:
-Fib completion -68%.
4H:
-Inverse H&S pattern.
-Impulse and correction pattern.
shortif the AUD news comes up positive then euraud is the best pair to trade towards short as the eur is week and aud as the inverse currency comes as strong will get the euro down
EURAUD | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
Trend |Time Frame Conductive | Daily Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | 15 Minutes Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
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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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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EUR_AUD BEARISH BIAS|SHORT|
✅EUR_AUD is about to make
A local retest of the horizontal
Resistance level of 1.6400
While trading in a local downtrend
So we are bearish biased and
We will be expecting a further
Move down after the retest
SHORT🔥
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EURAUD: Very Bullish Outlook Explained 🇪🇺 🇦🇺
EURAUD may pullback from a key daily horizontal support.
The pair looks very oversold after a recent bearish rally.
On Friday, the price formed a double bottom pattern on a 4H time frame
and broke and closed above its horizontal neckline.
We see its retest at the moment.
The price will most likely reach 1.6376 level soon.
❤️Please, support my work with like, thank you!❤️
More downside on EURAUD (Trade opportunity)There might be some potential in further shorting on EurAud. From a correlation standpoint. I don't prefer this type of setup but still it does qualify as a valid trade setup none the less. For details such as entry, stop, targets view the chart.
EURAUD is in The Down DirectionHello Traders
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
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.
EUR/AUD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
The BB lower band is nearby so EUR-AUD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1.659.
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EURAUD Strategy & AnalysisKey Tech/Fundamental runover amid current risk on mood.
Massive fall on EURAUD, Time to get long?
SELL EURAUD - trade explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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EURAUD - Now We Want!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURAUD has been bearish trading within the falling channel.
Currently, EURAUD is approaching the lower bound of the channel.
Moreover, the zone marked in blue is a strong support.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the support zone and lower trendline acting as non-horizontal support.
📚 As per my trading style:
As #EURAUD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURAUD SELL TF H4 TP = 1.6323 On the H4 chart the trend started on Aug. 06 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 1.6323
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
