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Eur-aud

HATE TO SAY, WE ARE STAYING ABOVEIDEA BEHIND THIS TRADE: 1. FIRST OF ALL, I planned this trade after CPI on 10 Mar 2021. From my POV, I think EURUSD is forming the bottom for sure this week. 2. I really think this pair will not break the bottom, instead of breaking the current low. The market takes an interest to test the top. 3. What I plan here we are going to top and form a lower high and we saw a fall from there. Maybe a week swing trade duration. Thanks for taking time to read my idea and like & comment is much appreciated. thanks.
Long
by UnknownUnicorn338529
EURAUD on a bear flag 🦐EURAUD after the recent lows created a string impulse until the 1.57 area. From there the price moved to the lower side and currently is moving inside a bear flag. According to Planctpn's strategy if the price will break below we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
10
EURAUD is facing bearish pressure, potential for downsidePrices are facing bearish pressure from 1st resistance level , in line with horizontal swing high resistance, which coincides with 78.6% Fibonacci retracement as well as 50% Fibonacci retracement . Prices might push down to our 1st support level which is in line with 61.8% Fibonacci extension , 127.2% Fibonacci extension as well as horizontal swing low support. If prices break through 1st resistance, it might hit the 2nd resistance which coincides with the 127.2% Fibonacci extension . Stochastics is also showing that it might face resistance and pullback from the 77.0 level.
Short
by FXCM
2
EURAUD is facing bearish pressure, potential for downsidePrices are facing bearish pressure from 1st resistance level, in line with horizontal swing high resistance, which coincides with 78.6% Fibonacci retracement as well as 50% Fibonacci retracement. Prices might push down to our 1st support level which is in line with 61.8% Fibonacci extension, 127.2% Fibonacci extension as well as horizontal swing low support. If prices break through 1st resistance, it might hit the 2nd resistance which coincides with the 127.2% Fibonacci extension. Stochastics is also showing that it might face resistance and pullback from the 77.0 level.
Short
by FXCM
3
EURAUD ABOUT TO POP!!EURAUD is going to fall nicely soon and it should give us over a 10 percent return for one trade. We've had another great week here at forexinsightsuk and we still have one more trading day left. We have taken full advantage of our watch list this week and have seen mega returns. We are staying humble and will constantly keep the grind going with the markets. What a day! We entered this pair earlier and will be sitting on it for the next few hours while we monitor the pair carefully to see when we can bank profits. Good luck to anyone that has taken this trade.
Short
by Forexinsightsuk
EURAUD: The price is Confirming the DOUBLE BOTTOM PatternHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/AUD ⚪ Technical Analysis : Since the 2nd of February, the price has been following a strong downtrend, breaking through two S/R zones at about 1.57700 and 1.57000. Few days ago, on the 8th of February, the price reached the main support at about 1.56000, re-testing the same zone twice, creating a possible double bottom pattern. It is currently moving up trying to reach its next S/R zone at about 1.57000 and a clear pinbar on the main support could be a interesting sign of strong rejection. 🔴 Conclusion : I'm confident to see a bullish movement, considering its previous strong downtrend, I think it's time to get a correction and my target would be the S/R zone at about 1.57900, matching with the 0.61% of Fibonacci retracement. I'll be waiting the breakout of the level 1.57000, confirming the validity of the pattern and only after this condition I'll plan my long position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
12