Possible Head and Shoulders?Looks to me at the top of my marked area e can see some kind of had and shoulders pattern maybe forming/ failed attempt at creating higher highs. This is giving me an idea that the market may crash down.
Looking to enter at around 1.68755
Trail 6.82941
With targets around
1.611 and 1.62547
Care with this one, many traders have tried to sell it and so far it hasn't given any reversal potential until no * At least for my liking*
Euraudsell
EurAud- correction around the corner?
From 1.61 EurAud has risen continuously for 9 consecutive days reaching a value of over 1.71.
With RBA cutting rates 50 minutes ago (at the time of writing) and thus having no effect on the market, we can conclude that the cut was already taken in the price.
A technical correction is inevitable for this pair and we can see the price falling to the support area from 1.66
euraud touched the upper trendline & ended with a wick.price of the euraud hit the upper trendline and ended with a nice wick where the bears are turned in to the market. with a bullish audusd/audjpy in mind, we certainly can expect a bearish euraud for the upcoming days where we can see that the price can fulfill the targeted areas
EURAUD, SCALPER and SWING entries!In this moment, the value can't surpass a supply zone, so we expect a short zone to retest our trendline and to retest the 38% of fibo, we will have an accumulation zone too, so our firt tp could be in 1.68000, thats the minimum i expect that the value will fall after the big rise.
I have explained the short entry, we will have after of this a long entry, for more ANALYSIS and UPDATES, FOLLOW me and give a LIKE for more pips!!
EURAUD reaches the Channel TOP once again, SELL?EURAUD has rallied to the channel top driven by the dramatic sell-off in risk assets like AUD.
Now, is it possible that we can get a sell entry here?
As you can see in the chart, on all the previous occasions, the price dropped after hitting the channel top.
So, yes, there is a possibility of a drop. But, for that to happen we need to see improvement in risk appetitive and a healthy correction in the stock markets. If that happens then EURAUD is going to drop.
EURAUD and the SELL ZONEWe need to wait a little but the sell zone is there, we have a evening star that says to us that the value needs to fall before continuing the rise, we also need a retest in the downtrend and a previous accumulation in the KL, this could be also a confirmation to rise up, the EXY is starting to fall so care about this accumulation because it could go down without this accumulation and accumulate in the future increase.
price-rejection for EURAUD at minor ressistancewith an expected strong AUD we have seen a 618 rejection. the price is rejected at the minor resistance zone where we saw multiple rejections in history. the extension level of the -27 level aligns with the support level which is rejected multiple times. this is a longterm trade where we can expect some choppy levels. main bias for this pair is short
EURAUD - FOREX - 21. FEB. 2020Welcome to our weekly trade setup ( EURAUD )!
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1 HOUR
Very bullish price action towards previous resistance
4 HOUR
Waving formation at its top, we need a drop now.
DAILY
Short holders taken out before droping further down.
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FOREX SETUP
SELL EURAUD
ENTRY LEVEL @ 1.63460
SL @ 1.64560
TP @ 1.61260
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
EURAUD possible 600 pip drop (ECB Depending)I have a sell order for a rejected high during the london/euro session.
Looking for a bearish engulfing to close below the purple line TODAY, it must happen today.
If we get that my targets are all the prior swing lows of 2019.
If we get this, you can make some serious bread this spring.
If we reach the red line, expect some buy orders to flood in
EURAUD Sell Limit
Entry -1.6284
SL - 1.6315
TP - 1.5700 (potential)
EURAUD SHORTEA short looks good here. We have seen 1 rejection from the purple box area marked showing us it is respecting the 38.2 fib level as well as the descending trend line and 50 EMA. I'm looking to take this short down to the 61.8 fib level if we see further rejection from the purple box region.
350 PIP GAIN 6/1 RR
EURAUD: OPPORTUNITY TO SHORT! DAILY/INTRA-DAY/SWINGEarlier post with channel analysis provided confluence of Resistance to this pair.
This current post has a critical levels approach with short bias and target levels to the pair.
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