Hey Traders, Check EURAUD out, the pair has been on a very tight uptrend after breaking above the upper band of the WEEKLY descending channel. Now, the market got a fast rebound from the OB, and then commence a new bearish trend phase to retest the broken band or make a deeper flow below. Additionally, the price made a complete Head and Shoulder pattern and...
The EURUD is currently retesting the daily supply zone making it the first time in over 1 month to retest that area. Technically, i am expecting some fight at that zone from the buyers trying to push it a bit higher, but above that is the 2023 All-time high (Weekly Supply zone - OB). So, you can positing yourself ahead of the fall coming in hot, sooner than later.
Waiting for a retest of 1.54077 to short EURAUD back down to 4H swing low target at 1.51794 If you agree drop a like and if you have any questions leave a comment below :)
False breakout on the triangle 1st entry sell after taking profit 2nd entry buy to continue with the uptrend
#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance...
EURAUD looks to be in a Wyckoff Distribution pattern, awaiting UTAD formation to confirm sell bias. I would enter on a lower timeframe retest of the UTAD area using price action to confirm the sell.
Hi Guys ! On the technical side, the EURAUD is setting up for a nice reversal to the downside. Based on that keep your eyes on 5min-15h timeframe for your sell setups. Try to catch your trade as high as it possible. There is huge profit to be made (if this pair follows the script) and the trade has a nice reward – risk ratio. Any strong break to the upside will...
Hi trades, Keep your eyes on lower time frame for your sell setups.
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Good time For the Buy uPside, I am Expecting one more upside MOve. ThankYou
Shorting EURAUD due to bearish sentiment on EU + AUD strength.
I opened sell order on EURAUD on 1.5930 because i see head and shoulders pattern and 2 levels (blue squares) and 2 breakouts of this levels. TP - 1.5745 SL - 1.6005 RRR - 2.46. Sl near 74 pips so use lower trading volume. Good profit for all us!
EURAUD is testing its resistance at 1.5818 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) price could potentially react off, causing price to fall to its support at 1.5672 (38.2% Fibonacci retracement, horizontal swing low support). We do have to be cautious of the intermediate support at 1.5748 (61.8% Fibonacci...