Euraudsell
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.
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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 )
EURAUD daily breakdownEURAUD has finally broken the range and made a spike to the upside. The market looks overextended to the upside and we can look for a short anytime soon. Remember that EURAUD can continue even higher. But the market has a very high probability of testing the strong daily resistance and making it support level before continuing higher. Also, the daily support will be 0.618 fibo retracement if the market stops creating high from here. Now, to look for a short we have to see 4H turn bearish, and if the market goes and tests the 0.618 fibo the market will create a higher high. So, we can look for a long later.
EURAUD, 1hr tf, sell below the kumo cloudHello my friends,
This week is not a good week for me so i don't trade many positions.
I also got some position taken out by SL or closed at entry.
For today i only gonna trade lightly as the market going sideways and quite hard to follow.
EURAUD on 1hr timeframe just fulfilled my sell setup requirement and i am gonna set a sell limit for this pair.
I will wait for a bit retracement to 1.6395 before taking a sell position so we could get a nice RR Ratio.
As usual, i am using ichimoku setup combined with parabolic SAR based on this chart.
Price below the kumo cloud and it is red colored so we will only look for sell position. Parabolic SAR also switched to above the price indicating sell pressure after the last 1hr candle.
Sell limit EURAUD @1.6395
Stop loss @1.6430
Take profit 1 @1.6360
Take profit 2 @1.6325
RR Ratio 1 : 2
Use only 1-2% risk
Good Luck
EURAUD : 380 pips Short with excellent Risk / Reward ratio.As you can see price reached a strong resistance and we have to wait until next week and monitor for reversal candlestick patterns on H4 and H1 time frames and short after confirmation , we could place stop loss a little pips above Resistance and 200 Day Moving Average around 1.66400 and our target is major support around 1.61600.