Sell EURAUD Channel BreakoutThe EUR/AUD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.6336, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.6282
2nd Support – 1.6242
Stop-Loss: To manage risk, place a stop-loss order above 1.6390. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
EURAUD
EUR-AUD Short From Resistance! Sell!
Hello,Traders!
EUR-AUD went up and
Retested the key horizontal
Resistance of 1.6400
From where we are
Already seeing a
Bearish reaction so
I will be expecting
A further move down
Sell!
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EURAUD: A huge swing buying opportunity is forming 800+ pip moveOANDA:EURAUD
Price has created a unique pattern which suggest that buy swing impulse is in making, we have seen how price has behaved, upcoming news might also impact on how price may move. Long term target consist 800+ pips move. If you are planning to take this trade then please use accurate risk management and do your own research too.
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EURAUD Still bearish within the Channel Down.This is basically an update to our last EURAUD analysis (April 05, see chart below) two months ago:
As you can see the price was rejected at the top of the 1-year Channel Down but since May 07 has turned sideways. In fact, looking at the 1D RSI, we see a Higher Lows Bullish Divergence since April 09, while the price was on Lower Lows.
This is similar to the Higher Lows that started on December 01 2023 and resulted in a Bullish Leg of +3.39%. As a result, we are taking profit on our sell position and open a buy, targeting 1.6550 (top of the so far dominant Channel Down).
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👇 👇 👇 👇 👇 👇
EURAUD Will Go Down! Short!
Here is our detailed technical review for EURAUD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.635.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.630 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EURAUD - 4hrs ( Buy Trade Target Range 180 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 ( Long )
Type : Mid Term Swing
———————————
Bullish Break
1.63700
Reasons
- Major Turn level
- Channel Break Out
- Visible Range Hvn
- Major Choch Zone
- Day / week High Break
- Fixed Range Hvn
Bearish Reversal
1.65800 Area
Reasons
- Major Turn level
- Visible Range Hvn
- PAttern Target
- Triangle Area
- Choch Zone
- Quarter High Area
EURAUD I Neutral bias and what I expect next (trade update)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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Strifor || GBPUSD-Week StartingPreferred direction: BUY
Comment: We highlighted short-term buy-priority at the end of the previous trading week, and at the beginning of this week this mood continues. Just like in the euro , there will most likely be at least a short-term strengthening, which will not be long in coming.
Here we highlight two main scenarios, where scenario №2 (plan B), as well as for the euro, is not entirely desirable for buyers. Therefore, scenario №1 is a higher priority and it is better to try to use small stop losses and open new transactions if something happens. The growth target can be fixed near the level of 1.28000 and slightly higher.
Additional comments on this trade will be provided as situation changes. Follow us!
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EURAUD On The Rise! BUY!
My dear followers,
This is my opinion on the EURAUD next move:
The asset is approaching an important pivot point 1.6302
Bias - Bullish
Technical Indicators: Supper Trend generates a clear (short long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.6339
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
Corrective sideway patternDear analysts and traders,
I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to your principles.
As an advocate of the Elliott Wave principle, I regard this methodology as a valuable instrument for market analysis. Over the past three years, I have honed my approach by amalgamating this principle with a meticulous evaluation of diverse market scenarios. I strive to mitigate market uncertainties by upholding a broad spectrum of market perspectives, enabling me to discern market structures with utmost precision.
I am pleased to share my analysis with you, with the disclaimer that I do not offer buy or sell recommendations. My perspective on analytical ideas remains entirely impartial, and if my analysis aligns with your standards, it can serve as a compass for informed decision-making.
I have enclosed my prior analysis of the same market for your perusal and comparison. All aspects of my analysis are clearly delineated for clarity. Nevertheless, familiarity with the Elliott Wave principle theory facilitates comprehension of the analytical concept. I apologize for the repetitive nature of the text, as my week is occupied with formulating analytical and educational ideas, as well as engaging in trading activities and managing my social networks. Due to time constraints, I am unable to provide textual explanations for every idea, hence the inclusion of a separate text alongside the labeling. Should the text be unclear, I am available to elucidate the key points.
My rigorous study of the Elliott Wave Principle spanned nearly three years, during which my grasp and utilization of this invaluable tool evolved. My progress thus far stands as a tribute to the legacy of Ralph Nelson Elliott, whose brilliance underpins my accomplishments. May he rest in peace.
I am grateful for your unwavering support and benevolence, and I eagerly anticipate your feedback and constructive criticism.
May my analysis serve as a valuable asset in your business endeavors, and I remain yours sincerely,
Mr. Nobody
Previous analytical ideas
Double zigzag pattern bearish scenario
EURAUD - Trading the Range 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURAUD has been overall bullish , trading within the flat rising channel in red.
At present, EURAUD is approaching the upper bound of the channel acting as an over-bought zone.
Moreover, it is retesting the upper bound of the short-term channel marked in blue.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue and red trendlines.
📚 As per my trading style:
As #EURAUD approaches the circle zone, I will be looking for bearish reversal setups (like a double top 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 Trading Opportunity! SELL!
My dear friends,
Please, find my technical outlook for EURAUD below:
The instrument tests an important psychological level 1.6392
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.6330
Recommended Stop Loss - 1.6437
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Potential bearish drop?EUR/AUD has rejected off a resistance level which is an overlap resistance that aligns with the 32.8% Fibonacci retracement and could potentially fall to our take profit.
Entry: 1.63814
Why we like it:
There is an overlap resistance level which lines up with the 50% Fibonacci retracement.
Stop loss: 1.64935
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Take profit: 1.61614
Why we like it:
There is a pullback support level.
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EURAUD Breakout and Potential retraceHey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.64000 zone, EURAUD was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 1.64000 support and resistance area.
Trade safe, Joe.
EURAUD - Short active ✅Hello traders!
‼️ This is my perspective on EURAUD.
Technical analysis: Here we are still in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action after price took liquidity from old high and rejected from bearish order block + institutional big figure 1.64000.
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EUR-AUD | 15 M SHORT | TECHNICAL CHART Hello traders, I have determined the formation target on the FX:EURAUD chart. I wish everyone success.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Thank you for considering my analysis and perspective.
Good luck
EURAUD - 4hrs ( Sell Trade Target range 180 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 ( Long )
Type : Mid Term Swing
———————————
🔗 Bullish Break
1.640000
Reasons
- Major Turn level
- Channel Break Out
- Visible Range Hvn
- Major Choch Zone
- Day / week High Break
- Fixed Range Hvn
🔗Bearish Reversal
1.65800 Area
Reasons
- Major Turn level
- Visible Range Hvn
- PAttern Target
- Triangle Area
- Choch Zone
- Quarter High Area
Strifor || EURAUD-24/05/2024Preferred direction: BUY
Comment: Previously, we published a medium-term trading idea with a target at the level of 1.64767 . This idea is still at work, and the stated goal is also relevant. If we consider the current picture, we can consider entering a long position with the same target at the level of 1.64767 (scenario №1). This will be especially interesting for those who did not manage to enter a long position earlier.
As an alternative entry into a long position within the short-term framework under consideration, we can highlight scenario №2. However, it is undesirable, and it is better to look for a buy at current prices at the time of writing this trading idea.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || EURUSD-24/05/2024Preferred direction: Neutral
Comment: AToday, the situation on the euro looks more neutral, and for a more grounded trades, it is better to wait until certain levels are reached. Let's start with the most likely scenario №1 , which assumes a fall towards the level of 1.07500 and below. It should be noted that in a more global perspective than in the short term, most likely bears will dominate the market. To fall, you need to wait until the price fixes below the level of 1.08000.
Alternative scenario №2 assumes a short-term strengthening of the euro towards the level of 1.09000 . If such a scenario is realized, it is still most likely that the instrument will turn downward in the medium term.
Additional comments on this trade will be provided as situation changes. Follow us!
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