AUDEUR trade ideas
EUR/AUD H2 AnalysisPrice has broken out of the descending trendline, which originated at the end of October this year.
Now with price forming a consolidation outside of the trendline, there's a potential that we could see a push from from the buyers and a new impulsive move.
A break and close above the consolidation, may be an opportunity to get long this market if it meets your strategy rules.
EURAUD - Doing It Again...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURAUD has been bearish trading within the falling channel in red.
Currently, EURAUD is approaching the lower bound of the channel.
Moreover, the zone marked in blue is a strong support.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the support zone and lower trendline acting as non-horizontal support.
📚 As per my trading style:
As #EURAUD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURAUD Possible SELL The market is currently testing the current Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern.
We could see Buyers coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
euraud buy signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURAUD Short Opportunity: Rejection Below 1.6200The EURAUD pair has shown signs of rejection near the key resistance levels, with the price now retreating toward 1.6196. Here's the revised analysis:
Current Price Action:
The pair is trading below the 1.6200 level, indicating the resistance zone around 1.6300–1.6340 remains intact.
Bearish momentum appears to be resuming as price starts pulling back.
Indicators:
The Stochastic RSI is reversing from overbought territory, suggesting downside potential.
EMA alignment confirms bearish bias, with the price below the 50 and 200 EMAs.
Entry Point:
A sell position can be considered around 1.6190–1.6200, with confirmation of further downside (e.g., bearish candlestick).
Stop Loss:
Place the stop loss above 1.6230 to allow room for minor fluctuations.
Take Profit:
Target 1: 1.6125 (recent support zone).
Target 2: 1.6070 (lower support level).
Risk-Reward Ratio:
This trade offers a good risk-reward setup, with a potential downside move of ~60 pips compared to a 30-pip risk.
If the price breaks back above 1.6230, the bearish outlook will be invalidated. Monitor price action carefully for confirmation.
EURAUD: Confirmed CHoCH & Bullish OutlookWe spotted a clear change of character on 📈EURAUD on a 4H chart.
The market is currently trending downwards, but has managed to break through a falling trend line and a key horizontal resistance level.
It is expected that the market will continue to rise, with the next resistance level at 1.6334.
EURAUD Buy CallEURAUD is on continuation of bullish phase
Seasonality trends are Showing Bullish Trend of EURAUD . However, overall sentiment from endogenous factors leans more in favor of the EUR than the AUD.
That said, EUR shows improvement in endogenous factors, AUD recentlly CPI Data is negative so negative effect on AUD. impacting its endogenous outlook. On the exogenous front, AUD is more Strong than EUR.
EUR/AUD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
EUR-AUD downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 1.620 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the EUR/AUD pair.
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Wed 27th Nov 2024 EUR/AUD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/AUD Buy. Enjoy the day all. Cheers. Jim
EURAUD💡The analysis shown in the chart displays a technical analysis of the currency pair EURAUD on the 4-hour frame. The drawing shows the price movement within a descending price channel. Identifying support and resistance areas The MACD indicator indicates the beginning of an upward momentum. If it continues to present longer green bars, the price may reach the R.1 or R.2 resistance levels. If the green bars start decreasing, this could be a signal of a weak uptrend and a possible reversal.
⛔️It is not investment advice, for educational purposes only.