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EURAUD

EURAUD Technical Analysis and Trade IdeaThe EURAUD is currently exhibiting a bullish bias with increasing momentum. On the 4-hour timeframe, a retracement has brought the pair to a key support level, potentially presenting a trade opportunity at the Fibonacci 61.8 retracement. It's crucial to note, however, that the pair is currently somewhat extended, leaving the possibility of further downside before establishing a firm footing. In the video, I analyze two potential trade scenarios: one for the 4-hour timeframe and another for the daily timeframe. While I believe these strategies merit consideration, please remember that this information is intended for educational purposes only and should not be construed as financial advice. It's essential to conduct your own due diligence before taking any trading positions.
Long
by fxtraderanthony
Double zigzag continuation? or wave (B) sideways patternDear FRIEND, I hope you're doing well and that the new year has started on a good note for you. I wish you success in your business endeavors and a happy new year with your loved ones. As someone interested in the Elliott Wave principle, I find it to be a valuable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market. I am sharing my analysis with you. However, please note that I am not providing any buy or sell signals. My goal is to share my unbiased analysis with you so that you can use it as a guide to make informed decisions. In the attachment, I have included my previous analysis of the same market so that you can compare and see the. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily). I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished. Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, (Mr. Nobody)
by mehdi47abbasi79
EURUAD I Potential downward movement from weekly reversal zoneWelcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
EURAUD Is Very Bearish! Sell! Here is our detailed technical review for EURAUD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.649. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.640 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
EURAUD A Fall Expected! SELL! My dear followers, I analysed this chart on EURAUD and concluded the following: The market is trading on 1.6372 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.6299 Safe Stop Loss - 1.6410 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
7 Dimension analysis For EURAUD 🕛 TOPDOWN - Bearish Continuation Setup for EUR/AUD Overview: Monthly and daily analyses reveal a prolonged bearish trend with notable liquidity sweeps. Weekly analysis is pending, focusing on the daily for detailed insights. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS). 🟢 Swing Move: Impulsive. 🟢 Inducement: None observed. 🟢 Pull Back: Absent. 🟢 Ext OB: Mitigated. 🟢 Support/Demand Area: Weak demand area - possible redistribution. 🟢 Trendline: Daily trendline intact. 🟢 Buildup/Pre-break/Post-break/QC: Data insufficient. 🟢 Traps: None detected. 🟢 Time Frame Confluence: Daily. 2️⃣ Pattern 🟢 CHART PATTERNS Reversal: Head and shoulders, double top. Rounding Patterns: Double at the 2nd shoulder with strong rejection. 🟢 CANDLE PATTERNS Key Considerations: Record session count indicates a possible consolidation at this support. Strict marubozu candle could be a climactic player. Tower top/bottom indicates potential climax at the opening. 3️⃣ Volume: 🟢 Fixed Range suggests a profit booking area. 🟢 Good breakout volume. 4️⃣ Momentum RSI: 🟢 In a super bearish zone. 🟢 Range shift not confirmed. 🟢 No divergence. 🟢 Loud moves shifted from sideways to bearish. 5️⃣ Volatility Bollinger Bands: 🟢 Middle band rejection. 🟢 Squeeze done with breakout outside the lower band. 🟢 Walking on the band just started. 🟢 Dual band derivation supported. 6️⃣ Strength According to ROC: 🟢 Values: EUR at 0.31, AUD at 4.1. AUD exhibits more strength at this level. 7️⃣ Sentiment: After comprehensive analysis, the sentiment strongly favors a sell setup in this pair. ✔️ Entry Time Frame: Daily ✅ Entry TF Structure: Bearish ☑️ Current Move: Impulsive ✔ Support/Resistance Base: Support level already broken with a momentum candle. ☑️ Candles Behavior: Momentum is bearish. ☑️ Trend Line Breakout: Confirmed. 💡 Decision: Sell at opening. 🚀 Entry: 1.63137 ✋ Stop Loss: 1.6551 🎯 Take Profit: Hold until price walks on the band. 2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 1:3.5 🕛 Expected Duration: 10 days SUMMARY: The analysis strongly supports a bearish continuation setup. The absence of significant pullbacks and strong bearish momentum across multiple indicators suggests a favorable sell opportunity. Risk management is key, and the strategy involves holding until a clear indication of a trend reversal.
Short
by Optimum369
1
EURAUD -12hrs ( Buy Trade Target Range 400 PIP ) 💵Pair Name : EUR/AUD Time Frame : 12hrs Chart / Close Scale Type : Large Scale ------ 🌐 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 —————————— ☑️Bullsih Break 1.64400 Area Reasons - Major Turn level - Visible Range Hvn - Channel Break - Day / week low - Fixed Range Lvn ☑️Bearish Reversal 1.68500 Area Reasons - Major Turn level - Visible Range Value - Fibo Golden - 3 Q High + Q High
Long
by GentleGoldenEngine
1