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Euraudshort

Potential Head and Shoulder Pattern Spotted @ EURAUDFX:EURAUD [/symbol Friends, [ b]H&S pattern and rising wedge are brewing on EURAUD (1D TF) with a potential price move of about 1000 pips (10,000 ticks) if measured from resistance area formed by left shoulder (potential right shoulder) to height projection of the H&S from it's neckline. 2 sell positions will be appropriate with TP1 @ the neckline while TP2 @ the end of the rising wedge. Good luck to us all. PPPDirhams... Follow my ideas at your own risk!
Short
by Kingsley_lotanna
2
EURAUD Daily Short! Where R Buyers (if any)? Price -Action POV.Aug 20 saw PEAK of price at Major Resistance 1.64301. Breach of this price would've created path to targets 1.70152 | 1.73186. Also, price peaked AFTER completing THREE Major Targets: 1.63591 |1.63467 | 1.61714; all in line with previous Buy-zones. What happens when Targets are reached? A SELLOFF ENTAILS. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you, Happy Trading.
Short
by legacyliked
EURAUDEURAUD is approaching strong daily support in so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. ON 1 H Chart EURAUD is forming a descending parallel channel but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. Trigger => Waiting for that swing to form and then buy after a momentum candle close above it . Meanwhile, until the buy is activated, EURAUD would be overall bearish can still trade lower.
Short
by SmoothJB
EURAUD - Bearish BiasEURO - Weak Bearish 1️⃣ Pressured by negative sentiment in the Eurozone. 2️⃣ Concerns about the spread of COVID-19 variant Delta in the region. 3️⃣ In August 2021, ZEW economic sentiment in the Eurozone fell by 18.5 points to 48.7 from the previous month’s 61.20. 4️⃣ The IHS Markit Eurozone Manufacturing PMI edged down to 61.5 in August of 2021 from 62.8 in July, and compared to market forecasts of 62, preliminary estimates showed. 5️⃣ The German IFO business climate is forecast to deteriorate, following a decline in German ZEW sentiment. AUD - Weak Bullish 1️⃣ Recovered from a massive sell-off last week after Fed Officer Robert Kaplan considered delaying a reduction in Fed stimulus. 2️⃣ A positive market environment benefits high-beta currencies such as the AUD. ===== Technical ===== We are selling the EURAUD after it breaks SBR. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Short
by MonsunAsia