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Euraudanalysis

20 Reasons for sell EURAUD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: prices side way or in a range from last 10 years to date 2 📆Monthly: a clean bearish trend also filled their correction 3 📅Weekly: after a weekly correction, now price grab one all liquidity as a flag pattern and forming upper side wicks candle 4 🕛Daily: a long consolidation and Wyckoff spring all major resistance at the point 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Sideways 6: 2 Pattern Candle Chart: Wyckoff 7: 3 Volume: below average 8: 4 Momentum UNCONVENTIONAL Rsi: Sideways 9: 5 Volatility measure Bollinger bands: Head fake 10: 6 Strength ADX: sideways 11: 7 Sentiment ROC: Eur is weaker than AUD ✔️ Entry Time Frame: H4 12: Entry TF Structure: Clean bear 13: entry move: impulse 14: Support resistance base: previous Resistance Ob Base 15: FIB: triggered ☑️ final comments: sell right now 16: 💡decision: sell 17: 🚀Entry: 1.5528 18: ✋Stop losel: 1,5565 19: 🎯Take profit: 1.5381 20: 😊Risk to reward Ratio: 1:5 🕛 Excepted Duration: 5 day
Short
by Optimum369
4
EurAud- New leg up after flag's break? (Good R:R trade)After the low at the 1.43 zone, EurAud broke above falling trend line resistance in September and at the beginning of October also broke above 1.52 horizontal resistance confirming a double bottom in place. In mid-October, the pair reached a local high and started to correct. The drop from this high is contained in a flag pattern and the low of it coincides with a retest of the broken horizontal level. At this moment the odds are favoring bulls and a new leg up could follow after the flag's break. The target for such a move could be the next important horizontal resistance above 1.6.
Long
by Mihai_Iacob
10