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Euraudshort

EURAUD - Short Opportunity.Hi Traders, I have a short opportunity for EURAUD here. The reasoning has been demonstrated in the chart using annotations. But, to sum up you can see that the area of entry has good confirmation confirming a move downside. This includes: - 3rd touch and rejection of the trendline. - Resistance zone rejected. - The rising support trendline was broken (waiting for a clean retest and rejection of the resistance zone again before short entry. - My target is the support zone highlighted in the chart. We'll see how this works out. Thanks for taking the time to read! - SilencedTrader *Disclaimer* I am not a financial advisor. This post is strictly for educational purposes only. Trading involves substantial risk of loss and is not suitable for every investor. Protect your capital at all costs. Enter anything I post at your own risk and discretion.
Short
by LearnTryEarn
EURAUD - New Impulse Brewing From the setup above we can see price is clearly on a downtrend on higher timeframes. We had a little bit of bullish pullback to previous level of supply. This was a 61.8% retracement on the Fibonacci level which aligned with the descending trendline. We have more than 3 confluences to look for sells from current price - Bearish trend still obvious - Price failed to create a new high - Rejected 61.8 Fib level - 4hr break of structure - Bounced off the descending trendline To go short on this trade, our Stop loss will be placed few pips above the trendline (1.50000). Our first take profit would be targeting the recent low where priced bounced to the upside (1.44000). Second TP will be at 1.40000. We are looking at a 450 pip swing take profit for TP1 and 800+ pip for TP2. This is a swing setup, apply risk management 💙
Short
by mariobillz7
Looking to sell the EURAUD resistance.EURAUD - Intraday - We look to Sell at 1.4925 (stop at 1.5000) Previous support located at 1.4850. Previous resistance located at 1.4900. Prices expected to stall near trend line resistance. Risk/Reward would be poor to call a sell from current levels. A move through 1.4850 will confirm the bearish momentum. Our profit targets will be 1.4775 and 1.4750 Resistance: 1.4900 / 1.4925 / 1.4950 Support: 1.4850 / 1.4800 / 1.4775 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EURAUD bearish continuation the week of 12 Sep 2022This pair has been bearish for a while, for the most part has been respecting previous significant levels (areas). The bulls tried to break and hold above the 1.4800 area last week but did not succeed. I am looking to see if they attempt again and another failure will provide a nice shorting opportunity. If this happens, we could be looking at a 4R trade that will be in line with the major trend. Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
EURAUD | SIMPLE PRICE ACTION WITH SnREURAUD has formed double top at 1.48800 level where we witness multiple bearish candle indicating hurdle for bulls. For short term traders this is an opportunity to do shorting with stoploss just above double top. For long term traders, wait for the price to get out of no trade zone; meaning we need to surpass the 1.48800 level to invalidate the double top pattern. Or close below the recent breakout level which can acted as support. What are your analysis on the idea?
by TradeTrio
4
EURAUD Short Scenario Entry - In the supply zone Target - 1.45680 Invalidation - 1.48820 Risk to reward ratio - 8 Technical confirmations Full cycle of Elliot wave impulsive part is done and now the corrective part(ABC) needs to be finished towards C. Price has reached the supply zone forming the B wave. Technical confirmations Unemployment report in Australia comes on Thursday. The market consensus stands at 35.0 thousand for August, which would be a huge rebound after the -40.9 thousand reading in July. Australian GDP grew by 0.2 percent in Q2 2022, from 0.7 to 0.9.
Short
by JVS_Signals
1