Euraud broke its rising trend.Euraud broke its rising trend. and tested this trend, which it broke. In this case, I opened a sell position because I expected a downward movement.
AUDEUR trade ideas
EURAUD: Bullish Forecast & Outlook
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURAUD chart which, if analyzed properly, clearly points in the upward direction.
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EURAUD BUlls are down to play this gameit's time to make make the big moves, confluences that support this analysis
1. a clear liquidity pool in the form of relatively equal high
2. a clear formation of reverse head and shoulder
3. a clear market structure shift on the 15 minutes
4. a clear low for stop loss placement
5. a retracement to 0.702 fib retracement level
6. an overlap of the fib point with a bullish order block
EURAUD - Short from trendline !!Hello traders!
‼️ This is my perspective on EURAUD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for short position. I wait price to continue the retracement and then to reject from trendline + FIBO 0.618 level + institutiomal big figure 1.61000.
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EURAUD BEARISHEURAUD IN H4 bearish trend
now euraud play suppport and resistence we wait at resistence level to sell
because it is in good trend and fail to break the last lower high
EURAUD Bulls are making their sinister movesthese are the confluences that support a bullish bias
1. Divergence between the EURAUD and EURNZD on the Daily Timeframe
2. change is state of price delivery on the 4hr
3. liquidity pool at the buy side as raid on internal range
4. a clear bullish dealing range
5. overlap of volume imbalance and fib retracement at 0.702
EURAUD ascending triangle patternThe formation of the ascending triangle pattern, along with the current price being at the lower trendline, and the stochastic divergence, as well as the price action indicating losing momentum marked by a doji candle, increases our optimism to go long.
The formation of 2 higher lows indicates a potential trend reversal. In the next 3 candles, we should see confirmation.
SL: 1.60411 (30 pips)
TP: 1.61611 (+3)
Potential buys on EURAUDThe trade is basically based on liquidity purge, Break of structure, inducement and retest/reclaim of Order block
Potential buys on EURAUDThe trade idea is basically based on liquidity purge, Break of structure, inducement and retest/reclaim of Order block.
EURAUD- BREAKOUT OF SYMM.TRIANGLE. DOWNTREND CONTINUATION PLAY?Price has been in a downward play on the breakout of the symmetrical triangle pattern. Price looks like could retest RESISTANCE level before heading south. Watching pair closely as I look forward to SHORT scalping pair during intraday sessions till price eventually arrives at next SUPPORT level of 1.5900 - 1.5868.
Sentiment data shows a mixed reaction on EURAUD.
EURAUD Is Very Bearish! Short!
Please, check our technical outlook for EURAUD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.611.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.606 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EUR-AUD WILL KEEP FALLING|SHORT|
✅EUR_AUD made a retest
Of the horizontal resistance
Level of 1.6115 and we are
Already seeing a bearish
Reaction from the level so
We are bearish biased and
We will be expecting a
Bearish move down
SHORT🔥
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EURAUD BULLISH.We will be seeing a little bullish run on EURAUD, H4 time frame confirms bullish engulfing candle stick pattern others things confirm the moves, as it is resting on a support level, also having a support of MA 200 holding it on a 1hr time frame..
EURAUD is risingEURAUD is in uptrend on hourly chart price is making higher highs and higher lows buying is recommended at current levels with strict stop loss at previous higher low,
EUR/AUD BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
We are going long on the EUR/AUD with the target of 1.610 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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EUR-AUD Potential Short! Sell!
Hello,Traders!
EUR-AUD is trading in a
Downtrend and the pair
Made a retest of the
Key horizontal level
Of 1.6159 and we are
Already seeing a move
Down so we will be expecting
A bearish continuation
Sell!
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Check out other forecasts below too!
EURAUD BearishEURAUD has formed divergence with the rising wedge pattern which indicates possible trend reversal.
EUR/AUD: Preparing for a Bullish Rebound in a Defined RangeThe EUR/AUD currency pair is presently trading within a defined range area. Technical indicators show that the price is in oversold conditions, suggesting that a rebound is likely. Our area of interest is the Demand zone, where we expect to see a significant price increase. This expectation is supported by the fact that institutional traders are holding major long positions, indicating their confidence in an upward movement.
Furthermore, we have conducted a seasonal analysis, which reveals that historically, the price tends to grow over the next two months. This seasonal trend adds another layer of confidence to our bullish outlook. Given these factors—the oversold technical indicators, the concentration of long positions by institutional traders, and the positive seasonal trend—we are now considering entering a long position in the EUR/AUD currency pair.
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EURAUD making bullish patternBullish Divergence
Making new HH HL
New trendline
EP on confluence of FIB and Trendline
Trading Signal for EUR/AUDDirection: Sell
Enter Price: 1.60643
Take Profit: 1.59963
Stop Loss: 1.6133
Based on the data analysis and insights provided by the EASY Quantum Ai strategy, we recommend placing a Sell order for the EUR/AUD currency pair.
Here's why:
1. Technical Indicators: Our analysis shows bearish signals from key technical indicators, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), suggesting downtrend momentum.
2. Resistance Levels: The pair has faced significant resistance around the current Enter Price of 1.60643 and has failed to breach it convincingly, indicating a potential reversal.
3. Trend Analysis: Historical price action suggests that the EUR/AUD is in a broader downtrend, supported by recent lower highs and lower lows on the daily chart.
4. Market Sentiment: Sentiment analysis points to increased selling pressure from larger market participants, reinforcing the likelihood of downward movement.
5. Economic Data: Recent economic releases from the Eurozone and Australia indicate stronger economic performance on the Australian side, further supporting a bearish outlook for EUR/AUD.
Keep in mind, this forecast relies on the EASY Quantum Ai strategy's interpretation of market dynamics and should be used alongside your own judgment and other analyses.
Happy trading!
EURAUD is BullishPrice was in a strong downtrend, and was consistently printing lower highs and lower lows. However, bullish RSI divergence appeared on four hourly time frame and seems to be playing out now, as first higher high is printed successfully. Price would define a higher low now and move up according to Dow theory. Targets are mentioned on the chart.
Bearish Bat Pattern Spotted on EUR/AUDHello trader,
I hope your week has been profitable.
I want to highlight a classic bearish bat pattern I spotted on the EUR/AUD pair. The chart shows price rejection at point D around 1.61110, with the red zone indicating strong resistance between 1.61069 and 1.61244, which also serves as the PRZ (Potential Reversal Zone).
With additional confirmatory signals, entering a short position near the PRZ seems promising. I plan to place my stop loss slightly above the PRZ at around 1.61334 and set profit targets at 1.60756 and 1.60546.
Cheers!
BEARISH EURAUDBears seem to be in power by a long shot I believe we’ll continue to see this sell off and reduction in price till the 1.5895 - 1.5850 price range back in June of 2023. My take profit is set @ 1.5880
