Euraudshort
EURAUD H&S Pattern Forming (Short Setup)If you like this idea, like it and follow me for more.
Colour key: Pink = weekly, Grey = daily
I've marked out some supply and demand zones as well as some key support and resistance levels from the weekly and daily timeframe. I've also identified a bullish channel which will offer confirmation for a bearish reversal once it is broken.
I'll be entering with low risk due to the abundance of fundamentals being released this week.
Updates to follow, follow me to see them.
EUR/AUD Short Setup After Daily Closure To Confirm,200 Pips HereThis 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
EURAUD - Bearish BiasEURO - Weak Bearish
1️⃣ Both Manufacturing and Services PMIs in the Eurozone declined in September.
2️⃣ Political uncertainty in Germany could affect the value of the EUR.
AUD - Weak Bullish
1️⃣ The Prime Minister of New South Wales Australia, Gladys Berejiklian says that the reopening of the economy in the region could be implemented as early as 11 October, and its full reopening is seen on 1 December.
2️⃣ Risk-on sentiment can support high-beta currencies like AUD.
3️⃣ The recovery in iron ore prices benefits the AUD.
=====
Technical
=====
We are selling the EURAUD after it breaks the support zone.
EURAUD: Ride the WaveTrading zone to zone can be made simple with the understanding of smart money concepts.
In this example, the price pushed away from the bearish order block that created the initial dive.
Once we got bearish confirmation, we refined our entry and placed our order.
Now we sit on our hands and manage risk ready for FOMC
Good luck!
EURAUD Sell trade ideaAs stated on my previous post, EURAUD has printed a bearish head and shoulder pattern on the weekly chart, it looks like a second head and shoulder pattern is also developing on the 4 hour chart. For a more conservative entry i will wait for the break of the purple trend line before selling
EUR/AUD Full Analysis, New Short Setup To Get Free 200 Pips !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
💡Don't miss the great sell opportunity in EURAUDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.6142).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURAUD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 1.6071
TP2= @ 1.5976
TP3= @ 1.5905
TP4= @ 1.5785
TP5= @ 1.5704
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in EURAUDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.6142).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURAUD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 1.6071
TP2= @ 1.5976
TP3= @ 1.5905
TP4= @ 1.5785
TP5= @ 1.5704
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️