EURAUDit making hh and hl. if it breaks hh then I would like to take that trade and for that I have placed buy order above hh.
AUDEUR trade ideas
Eur/Aud,shortWeak euro due to russia Ukraine war. Aud primed for a bull bounce. Head and shoulder on daily. Retesting right shoulder for lower high. Anticipating lower low.
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 updatethis pair has formed an broke an descending trendline so now we're in a long position in it
happy trading and trade safe
follow us for more pair update
EUR/AUD Sustained Downtrend (Trade Plans)EUR/AUD has continually fallen on a further weaking of the EUR.
Rebounds since taking us back to key resistance upper TL.
Shorts warranted.
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.
Euro/ AUD SHORTweekly:bearish
Weekly patroon BW
last candel close RED
FIB works for me
DAILY: BIG BW
extra S/D works for me to sell
4H : BW with out BOS
but I see the switch of momentum
EURAUD SELLSPair reached trendline resistance, given us a head and shoulder. we should see some down movement.
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.
✅LIKE AND COMMENT MY IDEAS✅
EURAUD SellDaily head and shoulders. 71% fibonacci retracement. Lower timeframes are shifting bearish
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.
EURAUDIt is necessary to wait for the activation of the IFVG at least to enter a sell position towards the target.
EURAUD Wave Analysis 26 November 2024
- EURAUD reversed from support zone
- Likely to rise to resistance level 1.6350
EURAUD currency pair previously reversed from support area set between the pivotal support level 1.6020 (which has been reversing the pair from the end of June) and the lower daily Bollinger Band.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star Doji.
Given the oversold daily Stochastic, EURAUD currency pair can be expected to rise further to the next resistance level 1.6350 (top of the previous wave (2)).
