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Euraudshort

EURAUD approaching 1st resistance, potential for a reversal!Price is approaching 1st resistance, which is in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension and descending trendline resistance, where we could see a reversal and further drop towards 1st support, in line with 78.6% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support. It is worth noting that price is also holding under both the descending trendline and Ichimoku cloud resistances, showing signs of bearish pressure in line with our analysis. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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by TradeGATEHub
EURAUD, daily tf, hanging man candle appearsPrice previously broken above the marked yellow resistance area and go up for 160 pips. In my opinion we haven't see any retest to this resistance as a support and we might see one soon. There is going to be RBA meeting soon and it might follow it neighborhood RBNZ stance which send NZD gone up. Notice also the previous daily candle close looks like hanging man candle indicating sellers could be in control soon. Sell EURAUD 1.5790 Stop loss 1.5840 Take profit 1.5665 (2.5R) Use only 1-2% risk Good luck
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by HayatoDragonFX
Eur/Aud Bearish Gartley Okay, so this is my first time posting a pattern with the HPC Software from Scott Carney i have had the software for quite sometime now, but hardly use it or even have it turned on... i just feel like i can pull patterns better than the software can. either way here on the Euro Aussie we have a bearish Gartley on the daily. the pattern has completed, and we have a complex structure on the AMP RSI. so now what were waiting on is for the RSI to meet the midline and come back into the extreme area before we enter. i have a massive Bearish ABCD pattern that lines up perfectly on the 4H so i am pretty confident that PA is in a significant area or resistance. again on both patterns were looking for both patterns to throw the RSI in overbought conditions (hate that term) and then move down. we enter when the RSI exits the extreme area!
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by ARegularGuy
EURAUD > Bearish Gartley Pattern!!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you. Analysis on #EURAUD Hello friends. Bearish Gartley pattern might complete soon near very strong supply zone, i will be watching the price action inside the zone for a sell entry for a good risk to reward entry. Safe trading everyone Check today analysis below⠀ >> “Control Your Emotion and You Control Your money.” _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
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by TheTradersAvenue
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