MY VIEW ON EURAUD As long as the monthly trendline was broken previously and in the last week the daily trendline was broken and the price has completely retested the broken support (resistance currently) this gives us a stronger shorting signal, and when we look upon our H1 timeframe there is a minor broken and retested trendline that shows a sign of continuation of shorting trades. WHAT IS YOUR VIEW ON EURAUD tell us in the comments.
Euraudshort
EURAUD,EURGBP & EURCAD 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.
EUR/AUD: Short Setup in the makingEUR/AUD: Short Setup in the making
> EUR/AUD shows a structureal break: lower high with lower low after upward move
> short-term trendchannel is broken as well
> POC printed above current price levels, wich indicates heavy bank selling
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EUR/AUD Short Setup After 4H Closure To Confirm The Direction !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/AUDX2 Position
1. Sell: EUR / AUD
SL @ 1.53040
TP @ 1.50650
Max Risk: 2%
2. Sell: EUR / AUD
Sell limit: 1.53180
SL @ 1.53700
TP @ 1.51600
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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It is not an investment recommendation