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Euraudtrade

EurAud- Can it drop under support?Two days ago I was speaking about 1.6150 support and that EurAud can correct towards 1.65. This didn't happen, MORE, the pair had a false break above the triangle's resistance and now is trading just in pattern's support. With Eur "not feeling good" at all and AUD being very strong a break under this support followed by a break under 1.62 can lead to the continuation of the downtrend and we can see the pair trading under 1.6 for the first time since the pandemic.
by Mihai_Iacob
1
EURAUD SELLInteresting trade I am looking at for EURAUD. We made a huge dump from the demand turned supply zone, and we have started to recover from one of the previous demand zones. This indicates to me personally that we will see a retest and rejection at this level and then a further dump back down to the demand zone (marked). As always be cautious trading, especially with the sheer amount of high impact news that's coming out this week! I WILL NOT be entering this trade without some clear bearish rejection of the supply zone and a shift downwards.
Short
by conappleton
EurAud- Is the correction over?I was bullish EurAud ever since 1.65 and the break above 1.66 came to confirm my outlook. The break was violent and the pair skyrocketed to 1.68 in a straight line. A correction after this violent rise was normal and this gave bulls the opportunity to open long trades on dips. Now the pair found some support on 1.6650 zone which is also 50% fibo retracement and the correction could be over now. A confirmation of this outlook comes with a daily close above 1.67 and this also opens the door to further gains to my predicted target of 1.7
Long
by Mihai_Iacob
EURAUD, 1hr tf, sell below the kumo cloudHello my friends, This week is not a good week for me so i don't trade many positions. I also got some position taken out by SL or closed at entry. For today i only gonna trade lightly as the market going sideways and quite hard to follow. EURAUD on 1hr timeframe just fulfilled my sell setup requirement and i am gonna set a sell limit for this pair. I will wait for a bit retracement to 1.6395 before taking a sell position so we could get a nice RR Ratio. As usual, i am using ichimoku setup combined with parabolic SAR based on this chart. Price below the kumo cloud and it is red colored so we will only look for sell position. Parabolic SAR also switched to above the price indicating sell pressure after the last 1hr candle. Sell limit EURAUD @1.6395 Stop loss @1.6430 Take profit 1 @1.6360 Take profit 2 @1.6325 RR Ratio 1 : 2 Use only 1-2% risk Good Luck
Short
by HayatoDragonFX