Standard Fakeout Play In Progress on EURAUDKey details in Signposts.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
Euraudsell
EURAUD Bearish Candle Rejected from 1.5730 SR LevelHi Traders,
This pair is bearish and we are adding Short Positions in this pair. Now again there is a chance to enter in sell due to following confluences.
1. Downward Channel
2. Price Reject from S/R area (1.5730)
3. Engulfing Red Candle
4. Daily Bearish Trend.
Lets See how price action unfolds.
EUR/AUD could FALL!Hey tradomaniacs,
after the previous breakout and retest of the trendchannel we could see another drop of EUR/AUD.
A bullish stockmarket is usually a great confirmation for that assumption as AUD/USD and NZD/USD tend to rise stronger than EUR/USD.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EUR/AUD SellDue to the current strength of the Australian Dollar, we can expect continued bearish momentum toward equal lows at 1.59481. This is where the stop losses of long position traders are and the institutional traders may target this liquidity pool at 1.59481.
Further take profit areas are: 1.56787 and another equal low at 1.53323
Retail buyers may believe that price is at current support but due to the current trend, there is a good chance of continued bearish movement.
Look for selling opportunities in the Asian session and New York session near the current support area.
EURAUD - SWING - 07. DECE. 2020Welcome to our weekly trade setup ( EURAUD )!
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1 HOUR
Strong bullish reaction towards main sr level.
4 HOUR
Overall bearish market structure about to drop!
DAILY
Great short entries, prices too high imo.
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FOREX SWING
SELL EURAUD
ENTRY LEVEL @ 1.63170
SL @ 1.64070
TP @ 1.61920
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
EurAud- Can it drop under support?Two days ago I was speaking about 1.6150 support and that EurAud can correct towards 1.65. This didn't happen, MORE, the pair had a false break above the triangle's resistance and now is trading just in pattern's support.
With Eur "not feeling good" at all and AUD being very strong a break under this support followed by a break under 1.62 can lead to the continuation of the downtrend and we can see the pair trading under 1.6 for the first time since the pandemic.
EUR/AUD Wave Analysis EUR/AUD Wave Analysis
The counter is correcting in an ABCDE formation.
It has completed wave D and is taking support at the trendline.
Further, the the stochastic oscillator is forming an inverted head and shoulder at the lows.
We expect the pair to move higher to complete wave E.
EURAUD SHORTHere's a trade I took yesterday on EA.
- Downtrend, with lower highs and lower lows being created.
- Nice reaction from 0.786 fib level and then a big bullish confirmation candle to the downside (my entry).
- Price made some decent moves to the downside and is currently reacting nicely at 0.618 fib level.
EURAUD sell TRADE short trading ( RISKY TRADE ) | ( ANALYSIS )it's a risky trade i recommend that you take a low risk trade of your account
EURAUD may fall back to inital buy position 1.65315
EURAUD i think will fall till TP 1, my recommendation is to try the trade and setup alerts on every 20 pips in the trade
I REAPEAT USE AT YOUR OWN RISK ( it's an anaylist but could be aslow a trade )