EURAUD Massive Long! BUY!
My dear friends,
Please, find my technical outlook for EURAUD below:
The price is coiling around a solid key level - 1.6552
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.6600
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
EURAUD
EURAUD I Potential downside continuation to support Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
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EURAUDEURAUD is trading in range bound with 200 PIPS range.
some time ranges are the best things to play just buy the support and sell the resistance.
as this one is 200 pips range which can deliver fine risk to reward.
currently the price is at support level and being rejected due to buying pressure.
will the pair head back to resistance area ?
what you guys think of this idea ?
EUARAUD BEARS IN THE MARKETHello Traders, taking a technical outlook on the EurAud.
I initially had a bullish outlook on the pair but am now seeing a structural market shift in the prevailing trend.
Noting that the market has broken below the holding bear channel. We can see some strong push by the sellers.
Looking at the pairs in two ways:
1. We wait to see if price eases and give a bullish correction to retest the broken trendline. A retest of this zone might give an opportunity to retest 1.65885
2. Wait for break of the low around 1.64400 . This has been a strong support zone that has held the market for some time.
3. For both cases am interested in seeing if the bears have enough steam to test the 7/01/24 low around 1.62820
Key Notes:
RBA held their interest rates at 4.35% largely as anticipated by the markets.
Members of the RBA highlighted their resolution to work towards returning inflation within their target.
Markets are anticipating seeing atleast 2 rate cutes later on in the year.
EURAUD: Growth Continues 🇪🇺 🇦🇺
EURAUD broke and closed above a resistance line of a horizontal range
on a 4H time frame.
It is a strong bullish signal that follows after a breakout of a key horizontal resistance.
Growth is expected at least to 1.6697 now.
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EURAUD Swing Trade 4H Time FrameThird trade I am taking today. Two other trades earlier today was closed for small loss of a total of -0.46R(NZDUSD) and maybe -0.56R(CADJPY).
I realised my folly. I should have checked the big boys level on the 4H and/or even also the Daily Time Frame as confirmation before entering my trades.
I need price to be at a discounted price zone on the Big Boys Level. Before I give the go ahead for myself to buy or sell. For others, they would do a top down analysis, which is to find setups that is near their Area Of Value on the big boys level. Actually, the theory is the same, regardless of if you do it from bottoms up or top down.
In the chart attached, it shows that the sellers are reluctant to give a discount now, and it might mean that the sellers are anticipating a wave of demand to come in soon, and that is why they are not willing to sell for a discount now, and instead, am stocking up before the demand surge.
Thats what I see now.
2047SGT
18032024
EUR AUDMy analysis on EUR AUD, I use limit orders so I don't need to be in front of the chart all day.
To consider this a good entry there are certain criteria to follow:
1. Clean BoS with IMB.
2. * Look for areas where liquidity has been purged.
3. * Stochastic: in uptrend 0-15, in downtrend 85-100.
( * ) = Not optional but increases our probability.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
EURAUD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
EURAUD,🔴It Bearish...?🔴(Details on Caption)
I like this chart 📊
Please pay attention to the details.
The price did the stop hunt and create the FVG, then could not continue to go higher and created the inversion. After that, by closing the candle's body below the last down-close candle, the price activated the breaker block, and also the market structure shifted.
Now, the price has moved higher and it is close to the premium, so we are looking for a sell position.
In that case, a bearish breaker block and buy-side liquidity formed inside the FVG are our confidence in a bearish move.
It is a high-probability setup, but this market is all about probability, so stick to your risk management. Do not forget we need LTF confirmation to execute the sell position.
💡Wait for the update!
🗓️15/03/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
EUR/AUD SHORT from 1.6545EUR/AUD has hit a band of resistance under the WPP pivot at 1.6567 which coincides with the 200 EMA on H1.
With the 200 and WPP above the price, then EUR/AUD BULLS will have their work cut out to push the price musch higher and this gives us a natural STOP for SHORT trades at 1.6574 (29 pips).
However.
This trade carries risks as we have few confirming indicators.
The Andean Oscillator has the red SELL line flat and we would like to see this above zero although it doesn't look like it will be long before it turns north.
The Pivot Point SuperTrend has been signalling a SELL trade since last Wednesday so this is good.
RSI is in midtable and tells us little and MACD has the fast and slow MA's locked together both reading close to zero so we have directional information just yet.
The last 3 H1 candles could be considered a triple top and these tops have all touched the 100 EMA on H1 and been rejected.
This looks a SHORT trade set-up and with news out of the way we could see this pair head lower but this will have to be watched.
Target initially is support at 1.4679.
EURAUD If you're like me, always looking for sell (or buy) traps, this would make a great contrarian trade. These normally become fast and aggressive after a false move. I've set profit target at monthly pivot resistance level (pivot R not shown). I would get in now to minimize drawdown.
KISS...more on this later. This has helped me trade tremendously.