LONG BIASPrice may likely not sell further, unless it breaks that 4 hours long support wick. Price likely going to make new high, tap back into current zone which eventually becomes a higher low and make a new high
AUDEUR trade ideas
54pips target was met Price broke previous low and pulled back to meet new low, breaking previous trend line
euraud buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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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 updatethis pair is retesting another time the trendline
we can enter a long (buy) position with a small stop loss
trade safe guys
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EUR/AUD: Sellers Gain Momentum Ahead of Lagarde's SpeechTechnical Analysis
On the four-hour chart, EUR/AUD is currently fluctuating between the key resistance level at 1.62219 and the support level at 1.61695. Sellers are attempting to push the price below this critical support level. If they succeed, it could lead to further declines, targeting the next support levels at 1.61322, 1.61127, and eventually 1.60847.
Alternative Scenario
However, if the price manages to break above the resistance level at 1.62219, attention would shift to the next target at 1.63067.
Key Events to Watch
Chinese manufacturing data has already provided support to the Australian dollar, and ECB President Christine Lagarde's speech later today will be crucial for the euro's direction. Investors are also looking at the Eurozone unemployment rate, which is expected to remain at 6.3%. Any dovish remarks from Lagarde may weaken the euro further, particularly given the likelihood of an ECB rate cut in December.
Buy euraud Downtrend broken clearly and now successfully retested the broken trend
We can now enter into buy trade
EURAUD Set for Downside Before Upside ReversalHello,
FX:EURAUD is expected to experience a decline towards the range of 1.605819–1.605472 before reversing and moving upward.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
EURAUD BUY SETUP1️⃣ Demand Zone Reaction
The price is currently in a clearly defined demand zone, where we’ve seen strong buying interest in the past. This zone has already shown signs of holding support, making it an ideal area to look for a long position.
2️⃣ Volume Profile Confirmation
The volume profile shows increased activity near the demand zone, indicating significant interest from buyers in this area.
3️⃣ Fibonacci Confluence
The demand zone aligns with the golden pocket area (61.8%–78.6%) of a Fibonacci retracement, adding strength to this level.
4️⃣ Bullish Momentum Potential
There are signs of rejection from lower levels, with wicks and candles showing hesitation in breaking lower, suggesting bullish momentum may build from here.
5️⃣ Liquidity Grab
The price recently swept the lows, grabbing liquidity from weak hands before a potential move to the upside.
Trade Plan:
Entry: 1.61900 (current demand zone).
Stop Loss: 1.61600 (below the demand zone and liquidity sweep).
Take Profit Levels:
TP1: 1.62500 (local resistance).
TP2: 1.63000 (higher timeframe resistance zone).
Bias:
The overall market structure remains bullish, with price expected to continue upward after this retracement.
Reminder:
Always manage your risk. Use proper position sizing and wait for confirmations if needed.
Potential bullish bounce?EUR/AUD is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.61696
Why we like it:
There is an overlap support level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.60603
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 1.63624
Why we like it:
There is a pullback resistance level.
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EURAUD Short - this is a tricky one especially on origin as we have volume in favor of buyers but trend is clearly to the short side. this could just be a pullback as confirmed by that sharp move down towards the end of week as price tagged CPR and 20 on qtrly chart.
if price holds below POC on volume, I'll consider pullback complete and look to get involved in shorts.
EURAUD-SHORTEURAUD is forming a bearish flag pattern so we will take sell entry at the break of poll
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 bullishA bullish idea, there is a positive trend. On Dailz looks like a bullish flag so I am bullish on this one.
Have fun by trading!
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
29-11 EURAUD29-11 EURAUD in the channel between 1.60 and 1.65 the pair moves as since September. After the pair reached the bottom of 1.60 last week, the way up has been found again. We have placed a buy series at 1.630.
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.
SHORTPrice broke trend line on the daily\4 hourly, we currently have a pullback to gather bearish momentum to 1,61748
euraud buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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.
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.
