EURAUD: Update -Reached a Peak at 1.6800, New Downtrend EmergingEURAUD: Update -Reached a Peak at 1.6800, New Downtrend Emerging
EURAUD climbed to 1.6800, encountering a significant resistance zone.
Yesterday, at the start of the new year, EURAUD broke down from a wedge pattern, indicating a potential trend reversal.
Following this decisive breakout, the price dropped by nearly 220 pips.
Currently, the market is not at full strength, so we might see EURAUD take a pause before continuing its downward movement, as depicted in the chart.
You may find more details in the chart!
Thank you and Good Luck!
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AUDEUR trade ideas
SHARK PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
Around the purple highlighted area, which coincides with previouBearish Continuation: If the price breaks below the support zone, further downside movement is expected, as indicated by the blue arrow.
This setup aligns with the broader bearish sentiment, but traders should wait for confirmation of the breakout before entering short positions. Targets could be set near the lower boundary of the channel or even lower depending on momentum.
EURAUD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range.
But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
BUTTERFLY PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
EURAUD H4 awaiting support trendline to be brokenThis pair is definitely attracting my attention with a potential bearish movement.
I'm still waiting H4 close to break support trendline as per drawn in the chart.
Once broken, the movement to downward is more promising in my opinion.
Good luck and happy trading.
A CLEAR BEARISH STUCTURE ON EURAUD.
There was confusion between bulls and bears on EURAUD the previous week ,making the pair to be choppy throughout the week. Hence, the confusion seems to be caused by the brake and retest of structure (resistance level) on weekly time frame ,meanwhile price rejected on a major /supply/liquidity zone but the previous monthly candle closed bullish leaving us to wonder what could happen next. all I can see is sells, there is a great shooting star on the monthly resistance level that is still pushing-price down and I can see a break of trend and retest on a 4hr time frame .I can also see a bearish flag that completed with shooting star on the current resistance level giving a sell signs. Trade with care
EURAUD possible ideaAfter price broke previous high, It initiated a liquidity grab before it preceded to rally and break a previously protected strong higher low. This then gave us a shift in market structure from a bullish to bearish market. Price has currently formed liquidity just below a supply zone that it could use to fuel it's move to the downside, running an established trendline liquidity as well as the latest formed weak low.
EURAUD - Start 2025 with a BIG Win!EURAUD has given us a fantastic opportunity to get in at the very start of a BIG move.
We are currently in an ABC correction. We'e completed waves A and B and now currently in wave C. We're expecting 5 waves from wave C and looks as if we've completed wave 1 and currently in wave 2. We're looking to catch the rest of the move on the break of the trendline.
Trade Idea:
- Safe entry on break of trendline
- Riskier entry within the fibs or anywhere below invalidation
- stops above invalidation
- Targets: 1.6 (700pips), 1.156 (1100pips)
- Taper as we move lower
What do you guys think?
Goodluck and as always, trade safe!
EURAUD OutlookEURAUD -
yearly
bullish, price has already tagged 12M VA and POC both and price got absorbed as it tagged POC.
monthly - bullish, price tagged and got absorbed from Dec's POC and VA and is now struggling to clear the secondary POC. structure on the monthly chart suggests an incoming aggressive move to the upside.
weekly
bullish. coast seems clear for the price to move up to the POC above.
plan to trade EA
my hypothesis is that EUR will get stronger suddenly as Trump comes into office on 20th and this will drive EA up.
drop down to origin and I see price aggressively moving up to tag the POC above and then pulling back to last week's POC.
alternatively, price can pull back to POC during the start of next week and then buyers might step in as we move closer to 20th.
EURAUD (4H)📊 EURAUD 4H Analysis
The market structure has shifted from a bullish trend (higher highs and higher lows) to a bearish one with the break of structure and a new lower low (LL).
We observed:
🔹 Impulsive Move breaking the bullish trendline.
🔹 Corrective Move retesting the supply zone.
🔹 A potential continuation to the downside is expected as the market may respect the supply zone and form new lower lows.
📉 Bias: Bearish.