Strifor || EURAUD-30/04/2024Preferred direction: BUY
Comment: After negative data on retail sales in Australia , the AUD is losing ground, and here we can count on a short-term weakening of this currency. This trend is also confirmed by technical factors. For the EURAUD currency pair, a test of the area is expected at the level of 1.64767 , where the limit seller area is located. Most likely, this will realize today, the deadline is tomorrow. After which, sales will most likely resume.
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EURAUD
EURAUD Set To Grow! BUY!
My dear friends,
Please, find my technical outlook for EURAUD below:
The price is coiling around a solid key level - 1.6354
Bias -Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.6451
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Buy EURAUD Channel Breakout The EUR/AUD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This breakout suggests a shift in momentum towards the upside and a higher likelihood of further gains in the coming hours.
Key Points:
Buy Entry: Consider entering a long position (buying) above the broken resistance level of the channel, ideally around 1.6300 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones:
1.6402: This represents the first level of resistance within the channel.
1.6456: This is a further extension of the upside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally around 1.6290. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.
Thank you
EURAUD 1H Short Trade - 1:3 RRRTP: 1.62317
SL: 1.64671
In this trading strategy, we present a compelling opportunity for a long position on the EURAUD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:3.
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
EURAUD (Bearish)“The Trend is your best friend”
This statement holds true in all aspects of trading; and in this case with EURAUD, we see an example of this.
Remember, Trading is basically “strategic gambling” when simplified to the average person. However, if we can form multiple confluences along with price action and market structure, our probabilitys go up.
**Remember Risk Management and Candlestick Confirmation before blindly entering any trade**
EURAUD I Correction and more decline 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.
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EURAUD - 4hrs ( Sell trade Target Range 210 PIP ) Pair Name : EUR/AUD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Break
1.65000 Area
Reasons
- Major Turn level / M
- Channel Break
- Major Triangle As counter
- Fibo 50 % mid wave
- Visible Range Hvn
- Day + week low break
- Choch Zone
Bullish Reversal
1.62900 Area
reasons
- Major Turn level
- Visible Range Lvn
- Channel Lower Band
- Choch Zone
- Fibo Golden ZOne
- P Quarter low
- P 3 Quarter Low
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💌
EUR-AUD Swing Breakout! Sell!
Hello,Traders!
EUR-AUD was trading
Along the rising support
But now we are seeing a
Swing breakout and the
Breakout is confirmed so
We are bearish biased
And we will be expecting
A further move down
Sell!
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Check out other forecasts below too!
EURAUD - Classic pattern for a short ✅Hello traders!
‼️ This is my perspective on EURAUD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to make a retracement to fill the imbalance higher and then to reject from bearish order block.
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EUR/AUD BULLS ARE STRONG HERE|LONG
Hello,Friends!
We are targeting the 1.649 level area with our long trade on EUR/AUD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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Strifor || USDCHF-24/04/2024Preferred direction: SELL
Comment: The US dollar has started a long-awaited correction, but the franc and a number of other major currencies have so far kept away from growth. One such currency is the franc. Here, we continue to adhere to sell-priority. The focus is on the sport resistance level at 0.91424 to which the price is currently stuck. Main scenario №1 assumes a slight movement above this level as part of a false movement before a fall, where the target for sales is the level of 0.90108 . Scenario №2 is unlikely, but we do not exclude it since there is a number of important data coming up that could immediately increase volatility in favor of the US dollar.
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Strifor || EURUSD-24/04/2024Preferred direction: BUY
Comment: The long-awaited growth in the euro , which we considered and held the position for two weeks. Most of the potential growth has been spent. Buyers still dominate and buy off sales in the market. Most likely, there will be another shot upward towards the level of 1.08000 . However, we limit ourselves to the target at the level of 1.07500.
We highlight two scenarios (see chart). Today, just like yesterday, we are waiting for a lot of statistics from the EU and especially the US , against the backdrop of which the expected upward movements may act.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || SILVER-23/04/2024Preferred direction: BUY
Comment: Metals , on the contrary, show a negative trend at the beginning of the week, but within the framework of long-term movement, this is just a normal correction. Long trades of both gold and silver are considered. For silver , the price approached important support at the level of 26.50 , from where last time we recorded a maximum at the level of 29.78. A more likely scenario involves growth from this support with a target at the level of 28.50 ( scenario №1 ). Scenario №2 assumes growth after a small false movement towards the support area of 25.50 .
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Strifor || NZDUSD-23/04/2024Preferred direction: BUY
Comment: The New Zealand dollar duplicates the sentiment of its older brother, the Australian dollar . Since last week, the buy priority has been maintained, and only the growth target has been changed, which we are considering at the level of 0.59857 . Setting a goal higher than 0.60000 will be a rather risky idea, so it is best to limit the goal to this level.
Considering this week, we offer two scenarios where the most likely growth will not be long in coming (scenario №1) .
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Strifor || AUDUSD-23/04/2024Preferred direction: BUY
Comment: Tuesday has started more positively for the majors, especially for the euro and pound , which we talked about yesterday (these trading ideas can be viewed). The Australian dollar, like the above currencies, is on the buy list. Here, we continue to keep previous long positions with a target at the level of 0.65010 . Within the framework of the current week, we can consider two scenarios, which are depicted on the chart. The more likely scenario №1 assumes growth from around current prices. US PMI data may help buyers here if the figures will be less than forecast.
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Strifor || GOLD-Week StartingPreferred direction: BUY
Comment: Gold has been saving a long mood since last week. Despite the short-term fall at the beginning of the new trading week, growth is still expected towards the current historical highs at the level of 2430 . Scenario №1 , which we gave in our previous trading idea for gold, is already active. The maximum from current prices is expected to grow towards the level of 2430 . Most likely, a new maximum will be recorded, so growth to 2500 can be considered.
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Strifor || EURUSD-Week StartingPreferred direction: BUY
Comment: Since last week, we continue to follow to the buy-priority for the euro . Last week passed mainly within the balance of 1.06000 - 1.07000 . For the coming week, we highlight two scenarios, where the most likely scenario №1 says about an increase from current prices. Scenario №2 is quite aggressive on the part of the seller, but it is not excluded since the US dollar may still strengthen at the moment, and strengthen significantly. We consider the growth target at the level of 1.07225 .
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