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Euraudanalysis

EUR/AUD looks bullish! Good RR!Hey tradomaniacs, looks like we are going to get a nice buy-signal for EUR/AUD as soon as the breakout of the trendchannel of the lower timeframe happened. As soon as we get momentum and eventually an FVG which has to be closed by a pullback, we could consider to go long in this scenario. A strengh in USD aswell as rising Yields might cause upcoming downmoves of indices and stock, which would boost this setup as AUD tends to fall harder as a risk-on-currency than EUR. What do you think?
Long
by Trading2ez
Time To SHORT ??As we surpass the 1.64 mark, I am preparing to establish a long-term short position. We have now entered a significant monthly supply/sell zone, with the price appearing to be attracted to the 1.65 level. This level also coincides with a robust monthly resistance area deeply situated within this monthly zone. There is a high likelihood that we are currently in a zone where sellers will begin accumulating positions. We can expect to see signs of buyer fatigue on lower timeframes and sideways movement as we approach the 1.65 level. I will be monitoring for a signal on my TRFX indicator above 1.64 on the 12-hour and daily charts to initiate a short position. I will gradually build the position if the price continues to climb, as we could witness a quick rise to 1.655 before a sell-off occurs. The primary target for this trade is the green line on the chart, which represents the previous high in the ongoing upward trend and is now functioning as support. We should anticipate a brief reaction here before the price moves downwards toward the green box area, a newly formed, untested demand/buy zone. Please note that this is a long-term swing trade idea and could take one to two months to fully develop, but the potential for profit is substantial.
Short
by TheFxAce
7
EURAUD : Short Trade , 4hHello traders, we want to check the EURAUD chart in the 4-hour time frame. After moving in an ascending channel, the price has reached the resistance level of 1.63800 and also the ceiling of the ascending channel. We expect that this resistance level will stop the upward trend of the price and the price will reach May the specified targets fall, good luck. EURAUD sell Entry : 1.63775 Stop : 1.65455 , Target1 : 1.62070 , Target2 : 1.60420 Risk/Reward Ratio : 2
Short
by mrAT_Trader
Potential long swing trade for EUR/AUDEUR/AUD closed lower for five consecutive days last week during a week of volatility and turbulence. With the Fed and five other central banks announcing a coordinated effort to provide liquidity for US swaps, and UBS agreeing to purchase Credit Suisse over the weekend, perhaps there's potential for it to confirm a swing low. Last week's low found support at the 20-day EMA, trend support and 38.2% Fibonacci ratio and the daily closes held above the monthly R1 pivot. The bias is for a move towards 1.6100 (monthly R1 pivot) whilst prices hold above last week's low - or trend support can be used to fine-tune risk management.
Long
by CityIndex