Euraudshort
RBA raises interest rates and signals for AUD bullishThe Australian Central Bank raised interest rates more than market participants expected and signaled they could increase interest rates more in the coming period to curb high inflation. The RBA this morning raised interest rates by 25 BPS to 0.35%, This is a the first to do so in almost 15 years as Australia is in elections.
However the RBA is also firmly committed to doing what is needed to ensure that inflation in Australia returns to target over time and this requires further rate hikes over the coming period, Governor Philip Lowe said.
Market Direction
By looking at the above phenomenon, it can be ascertained that the strengthening of the AUD currency in the future can last a long time because it is predicted that the Australian central bank will raise interest rates to reduce the impact of prolonged inflation, the above conditions will have an impact on the pair:
Pair
EUR/AUD Tend to be under pressure Bearish
Entry Sell
R1: 1.5019
R2: 1.512265
R3: 1.521558
Take Profit
S1: 1.466516
S2: 1.453291
S3: 1.43971
DeGRAM | EURAUD shortEURAUD is testing a resistance which has been tested multiple times before.
Price shows doji candles indicating slowing momentum.
We are anticipating some relieve before continuing upwards.
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EURAUD 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 SHORTS INCOMING 📉📉📉Expecting bearish price action on EURAUD as we are in bearish market strucutre from a HTF premise, i would like to wait for the buy side liquidity manipulation and rejection from the bearish orderblock area on the H4.
The retail herd is LONG on this pair 70% meaning we have to look for short entry that would be a higher probability if we implement contrarian trading approach to the markets.
What do you think ? Comment below..
EURAUD Triangle Breakout higher probability for a SHORTTriangle Breakout will probably see a fake breakout to the upside on 4HR chart then will proceed to breakout short for the higher probability. Targets and SL are noted on the chart for either way. Remember to trade on the third candle after breakout on 4HR TF. Good Luck!
EURAUD SHORTS 📉📉📉📉 Expecting bearish price action on the EURAUD as price takes out buy side liquidity above the equal highs + rejecting a bearish orderblock area on the H1 timeframe. Also price rejectes exactly the institutional figure 1.46500 closing bearish below with a huge bearish momentum candlestick meaning sellers stepped in.
What do you think ? Comment below..