Euraudshort
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.
EUR/AUD SELL 9,000 Pip PROFITSThis is just a technical analysis with no fundamental or upcoming economic events reviewed. View upcoming post of smaller time frames for full analysis and more trading ideas.
Trade Types-
-- Support & Resistance
-- Following the trend
*I will message any and everyone who follows me the overlays and sub indicators used to assist in concluding trade idea.
Jamie Gun2Head Trade - Selling EURAUDTrade Idea: Selling EURAUD
Reasoning: Possibly forming an inverse head and shoulders but resistance is holding for now. Looking to fade the rally.
Entry Level: 1.47000
Take Profit Level: 1.45150
Stop Loss: 1.47660
Risk/Reward: 2.8:1
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EURAUD is setting for a drop!!EURAUD(4H) has formed a very strong bearish price action. price already grabbed liquidity from monthly resistance and formed a clear reversal pattern. In the previous session price already has tested the neckline as resistance and we see a rejection. It is a high probability EURAUD will continue to drop as the long-term trend is down.
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EURAUD possible sell zone!!EURAUD is in a long-term downtrend. After monthly strong bearish engulfer, we have seen monthly doji last month. Currently, the price has grabbed liquidity from the resistance, and we have seen strong rejection from the top. As the price formed a reversal pattern, it is a high probability that EURAUD will continue to drop after testing the neckline of the reversal pattern as resistance, the price may continue to drop.
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EURAUD Multiple timeframe analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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⁉️ EURAUD - Market AnalysisHello traders!
⁉️This is my analysis on EURAUD .
Here we are in a bearish market structure, so I am looking only for shorts. I expect price to fill the imbalances above and to reject from bearish orderblock + institutional big figure 1.46000.
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EURAUD,EURCAD and EURGBP top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURAUD preparing for a big drop!!EURAUD has formed strong bearish price action on the 4H timeframe. The price is already long-term bearish. After the previous month's bearish engulfer, this moths price already retraced, now preparing for a big drop to create a new lower low!
The current price has broken the previous swing high, grabbed liquidity, and started to drop with 4H bearish engulfer
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🛎🛎 EURAUD 30 MIN PROJECTIONEURAUD is in A Downtrend.
Now For This Entry we Have Multiple Confluences .
1) The Market Firstly Grabed The Liquidity Then Move to the Downside And make BOS.
2) There is Inducement Liquidity on The Upside
3) The Area Where the Fake Pump Happened Now Became A Strong Supply Zone. And Possibly the Market Would Reverse From That Zone
EURAUD topdown analysis, UPDATED!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURAUD prearing for another drop!!UDATEDEURAUD ( 4H ) has broken out of support and is preparing for another drop. On the bigger picture, monthly there is bearish engulfer has formed on a strong down-trending market. price grabbed liquidity with strong doji and it is a high probability that the price will continue to drop in the direction of the major trend.
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EURAUD Short To SupportEURAUD has recently broken a short term uptrend line and is currently attempting to push below a strong support level. I expect price to make a small bounce off of support, retest the uptrend line as resistance, and then continue its descent to the next support level at 1.434. Remember to trade wisely and use proper risk management.