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Eur-aud

EURAUD going for the 1D MA200 testThe EURAUD pair has been trading within a long-term Bearish Megaphone pattern but since the April 05 bottom, it has established a Channel Up on the medium-term. A similar Channel Up pattern was what took the Megaphone to its previous Lower High. In the process, the 1D MA50 (blue trend-line) has been turned into a Support and the next technical Resistance is the 1D MA200 (orange trend-line). It would be best to trade this with a break-out approach. If the price breaks above the 1D MA200, go long and target the 0.5 Fibonacci around 1.58450. If rejected, take a long-term sell towards 1.4500 and quite possibly 1.4000 as a Lower Low. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
3
💡Don't miss the great sell opportunity in EURAUDTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.4876). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURAUD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 45. Take Profits: TP1= @ 1.4816 TP2= @ 1.4745 TP3= @ 1.4695 TP4= @ 1.4649 TP5= @ 1.4599 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
4
💡Don't miss the great sell opportunity in EURAUDTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.4876). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURAUD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 45. Take Profits: TP1= @ 1.4816 TP2= @ 1.4745 TP3= @ 1.4695 TP4= @ 1.4649 TP5= @ 1.4599 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
8
EURAUD VIP LONGEURAUD LONG Why are we entering? - We broke out of the descending trend and now in a descending correction before we are bullish - Being held down by DAILY EMA - Expecting AUD weakness and EUR strength What is our confirmation? - Break of DAILY EMA and WFB - Bounce off our ascending trendline - Break of possible RISK trendline Entry - Safe Entry: Bounce off our ascending trendline with a break of our Possible RISK trendline - RISK Entry: Bounce off our ascending trendline - RISK Entry 2: Early break of our possible RISK trendline or DAILY EMA Once entered, where will our Stoploss be? - below our structure level and trendline (1.465) 30 pips Where do we take profits? - Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips) First TP: 1.496 (280pips) Final TP: 1.532 (640pips)
Long
by Pips-Collector
1
EURAUD: Trend-Following Trading Setup 🇪🇺🇦🇺 EURAUD is trading in a long-term bearish trend. After the price set a new low at the beginning of April, the pair started a correctional movement. It looks like bears are finally started to push: yesterday the price broke a strong horizontal demand cluster and a major rising trend line. Now I expect a bearish continuation to 1.44 level. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
11
EURAUD 1D MA50 rejection. Sell signal.The EURAUD pair has been rejected on the 1D MA50 (blue trend-line). In fact Monday was the first time the price hit this trend-line since February 18. The trend is heavily bearish long-term as the pattern has been a Bearish Megaphone since June 2020. We are expecting a new Lower Low near the 2.0 Fibonacci extension (1.4051) and then a medium-term rebound towards the 0.5 Fib retracement and the top of the Megaphone. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
2
Trading Day Morning Jumpstart ahead of the Asian sessionMarkets held up okay in the US session but the pressure is definitely on as major Indexes across the board start to break lower. I cover the key markets for the start of the new session ahead of the Asian market open. Major levels to watch and the current bias for markets....and how I would look to trade around these levels. Markets covered : - SP500, DOW, Nasdaq, ASX200, HSI, Nikkei, DAX and FTSE US DOllar index, AUDUSD, EURUSD, GBPUSD and USDJPY Oil, Gold and Copper Bitcoin and Ethereum
NYMEX:CL1!
by TradeTheStructure