EURAUD | BULLISH TRENDEURAUD has given a bullish reversal on daily timeframe and making good higher highs and higher lows on lower timeframe confirming a good bullish momentum. The current price is bouncing from the 0.618 fib level which will act as a good support.
The price has potential to go atleast the falling trendline and can break it as well.
Trade your levels accordingly.
Euraudshort
EUR AUD ShortEUR AUD formed a head and shoulders pattern that is heading downwards and on the right side of the pattern has also formed a reverse falling wedge and has retested so that the targets are TP 1 and even TP 2. But if the HNS pattern is perfectly formed then the targets are TP 3 and TP 4. can go to TP Bonus.
EURAUD forecast for the next few daysWith EURUSD heading to take a possible fall, the minor EURAUD is also exhibiting the signs of weakening Euro against Australian Dollar. This may be a smaller frame analysis but with the huge engulfing with the last daily candle seemingly warrants to favor the bears.
Technical prospects of the EURAUD Analysis:
1- Proper Head and shoulder exhibited by H4 timeframe
2- Bearish engulfing on daily frame
3- Last possible H4 Lower Trendline broken
Since, Head and Shoulder pattern travels back to its base, or at least near to the base, we might be looking at the trade possibility of 300+ pips. The price chart says that EURAUD is heading down low. The rectangle marks the target support region of the trend.
Best of luck, Happy trading and Happier Profits!
EUR/AUD - SELLMonthly:
1. Impulse
2. Brake of previous structure
3. Correction on lower timeframe
Looks bearish at this moment
Weekly:
We can see more clearly on the Weekly timeframe
the impulse, brake of structure and correction.
Looks bearish at this moment.
Daily:
Fibonacci is added from lower timeframe
1.Impulse
2.Correction
3. Engulfing Daily candle from Fibonacci level
Going to make a entry on 4h timeframe
4H:
Bearish Engulfing candles and pinbars from fibonacci levels. Good time for entry
RR 1:4
EUR/AUD Full Update And My View For The Next Few Days 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/AUD Short IdeaDouble Top Formed On Daily Timeframe.
Bearish Trending Channel.
8 & 18 MA's Trending Bearish.
Break of Daily Trendline.
**Possibly a good price to enter at current market, can always look for a closer entry point on a smaller time-frame.**
*Target is at the start of the broken daily trend-line.*
EURAUD| EXPECT SOME BOUNCEEURAUD has reached to important support zone and a bounce is expected from it now. Since 25th Nov 2021 the pair is trading above this support zone. A little time it will spend here and falling trendline is the guague for bullish reversal.
Alternatively, breaking below the support will continue the bearish spell and expect more sell of from it.
Trade your levels accordingly.
EURAUD | Breakout insightEURAUD, price has been in congestion for a long amount of time now and we are looking for breakout anytime now. Price is standing at good support and if breakout appears over trendline one can enter long in here.
Alternatively, break of support zone will calls bears back in the party and attempt short position from there.
Trade your levels accordingly.
EURAUD | Falling WedgeEURAUD is trading in falling wedge making lower highs lower lows. This pattern is bullish reversal, so a buy on dip is suggested with stoploss in place below support. We expect bulls to be active and push the price to atleast mentioned zone.
To negate this view, the bears should break the support and void the bulls power.
Trade your levels accordingly.
EURAUD is in sell zone!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.