Selling $EURAUD hereTrade type BBB
Reasons for taking this trade:
Price is at a resistance zone
Price has hit a 4hr supply zone. This is the first time the zone has been hit.
M15 Candlesticks are closing bearish.
There is a liquidity zone below.
Trade type glossary:
Trade type AAA - Very good
Trade type BBB - Good
Trade type CCC -🧐
I usually use trade types to determine the amount of risk to use:
In AAA - 1, 1.5 and 2%
In BBB - 0.5%
IN CCC - 0.25%
Euraudanalysis
DeGRAM | EURAUD structure based tradeEURAUD is in a ascending channel and is in an uptrend. However, the price is near the structure resistance.
The market made equal measured move; AB=CD pattern.
Price is likely to go down from the resistance level 1.57500 and fibo extension level.
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DeGRAM | EURAUD false breakout EURAUD is in a ascending channel. But
The market made a shallow higher high, then the price was pushed back below the resistance level 1.55650. False breakout
Bull are running out of steam and the market is likely to restest the support level.
We expect bearish move.
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EURAUDCurrently, it is expected that by registering a ceiling above the B range of the pattern in the range of 1.53134, in case of registering the floor and getting confirmation of the failure in the lower fractal, we expect a rise in the range of 1.58298 and in case of crossing to the range of 1.61745
It can grow, on the other hand, the resistance dynamic line overlaps with the range of 1.58298.
Support ranges:
1-1.53886
2-1.51635
3-1.50242
4-1.47545
And the A-C range of each harmonic pattern is always in the role of support.
The most important point that was mentioned above is to get confirmation in a lower time frame
DeGRAM | EURAUD breakout tradeEURAUD is in a descending channel and is in a downtrend.
The market is consolidating at the resistance level after the sell off.
Price action is printing a potential AB=CD pattern.
We expect bearish move if price brreaks and closes below the support level of 1.54000.
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EurAud approaching strong support, Great R:R trade in sightAfter the large double bottom that took 6 months to complete back in 2022 and the break of the neckline in October, EurAud reached a high at 1.6 and started to correct and consolidate.
Now the pair is trading near support again and traders could look for buying opportunities in this zone.
Considering the importance of the break I don't think the H&S from October will play and I favor range trading for this pair.
As I said, the bottom of this range is in the 1.53 zone and swing traders could target 1.6 for their trades.
1.5650-1.5700 is also resistance.
This outlook is negated by a drop under the neckline that should offer support at this point.
EURAUD SELLWelcome back guys we are currently looking at EA on a Massive Movement for about 500 pips plus, so we are currently on a nice resistance zone or level and EA is on a down trend movement so lets waiting on a sell confirmation at 1.55557 lvl and our take profits lvl at 1.50025. so guys tell me what you think about this trade.
DeGRAM | EURAUD trend continuation EURAUD is in a descending channel and is in a downtrend.
The market is consolidating at the resistance level after AB=CD pattern.
Price action is printing HLs and LLs and is likely to go down from the psychological level 1.5600 + resistance + dynamic resistance + 61.8% fibo.
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Yemi_Fx1 | Short for EURAUDPrice has respect the upper dynamic trendline. I'm expecting an impulsive move, then followed by correction in form of a bearish tight flag continuation pattern to the downside. And I'll be considering a Risk entry type on the third upper touch of the flag.
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#EURAUD- Going towards 1.5900 REGIONHello Traders, Hope you all doing great, so EURAUD had a nice rejections at previous daily low expecting a continuous a bullish momentum!
Entry Criteria!
-Enter when price break-through trendline of liqudity, that will be a safest entry!.
-Watch for price momentum when the 4H candles closes and then enter.
Good Luck, Trade Safe!