EUR/AUD H4 AnalysisPrice has now corrected to the 61.8% Fibonacci retracement level. The correction may be over and we could see buyers push price higher, breaking out of the structure and towards the -27% Fib extension level. Look for buy setups that meet your strategy rules.by FusionMarkets4
Euraud is still bearishEuro prices rose above our previous high this week and failed to displace further❌. This alone indicates that price was just targeting buyside liquidity 📊to fuel the Bearish market. As per sweep, price finally filled enough orders to give us bearish momentum with our thursday candle⬇️. Friday failed to close in on our displacement, therefore giving us a daily fvg and a fresh supply zone. This is not an entry signal, but an analysis based on observations as per strategy and experience with the charts. What do you think about this one?Shortby ZIPHO673
euraudEuraud broke its downtrend last week, but continued to fall by acting on this trend. It has now received a sharp reaction from the point where this trend intersects with the support zone. As a result of the continuation of the price action, the targets on the chart will come.Longby foxforex34
Further downside seems possible for EurAudHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. More downside might be coming on EA...bias will be to short.Unless it whips. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. ********************************************************************* Shortby Shadowing_The_Big_Boys1
EUR-AUD Local Short! Sell! Hello,Traders! EUR-AUD is retesting A local horizontal resistance Level of 1.6212 form where We will be expecting a Local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals225
EUR/AUD BULLS ARE GAINING STRENGTH|LONG Hello, Friends! Previous week’s red candle means that for us the EUR/AUD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.629. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignals111
EURAUD SellShorting breakout consolidation of EURAUD. Going back to the book, I am trading according to Rayner's MAEE. Market condition, Area of value, Entry, Exit.Shortby ProfessionalDuckHunterUpdated 1
EURAUD for shortPrice mitigates a major zone, formes double top, broke and retest the neckline.by makindetoyosi21
EURAUD: Bearish Outlook Explained 🇪🇺 🇦🇺 EURAUD broke and closed below a support line of a horizontal range on a daily. The broken structure turned into a resistance now. The violation opens a potential for a bearish continuation. Next supports: 1.611 / 1.605 ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader117
Short EUR/AUD setup looking for retest of 1.6000Thursday's bearish engulfing candle has seen the price move below 1.6188, a level that has acted as both support and resistance over recent weeks. If the price can remain beneath this level into the European open, consider shorting below with a stop above for protection. The initial target would be 1.6115. If that were to give way, a retest of 1.6000 could be on the cards. Good luck! DSEditors' picksShort01:31by FOREXcom11133
EUR/AUD Testing Support Below 1-Year PivotHello, FX:EURAUD remains bullish in the long term; however, the price is currently below the 1-year pivot point (PP) and is testing support levels, though the extent of this decline is still somewhat uncertain. At present, the price is expected to drop to around 1.605445 or 1.600245. The initial 1-year support at 1.603541 has, so far, been sufficient to push the price upward temporarily. TradeWithTheTrend3344 by TradeWithTheTrend33441
EURAUD H4 Double Top: More Downside Ahead?EURAUD is showing a classic double top pattern on the H4 chart. Price action has already broken the neckline, and it seems to be retesting it now. If the retest holds, we could expect further downside for this pair. This setup aligns well with bearish momentum, so it might be a good opportunity to watch for short entries. Make sure to confirm with other indicators and manage your risk effectively. What are your thoughts on this pattern? Are you looking to short EURAUD too? Let me know below! Shortby KinkiHuang2
EURAUD Looking for 150pips When you're taking a trade on EUR/AUD with a 150-pip profit target and a 40-pip stop loss, you're aiming for a trade setup that has a reward-to-risk ratio of 3.75:1. This means for every pip you risk (40 pips), you're potentially earning 3.75 times that amount (150 pips). Here's a breakdown of the thought process: 1. Setting the Profit Target (150 Pips) The 150-pip target likely corresponds to a significant level on the chart, such as a previous support or resistance zone, a Fibonacci extension level, or a major pivot point. This target should be realistic based on the current volatility and historical price action of EUR/AUD. Check for daily average range: If EUR/AUD tends to move around 100-150 pips per day, this makes the target more achievable within a reasonable time frame. 2. Defining the Stop Loss (40 Pips) A 40-pip stop loss should ideally be placed below/above a significant technical level, such as: Recent swing highs/lows. A moving average. A key Fibonacci retracement level. The stop should protect you from a potential market reversal but not be so tight that normal market noise would trigger it. It’s important to make sure that placing the stop here still keeps you below a key invalidation level, meaning if the stop is hit, your initial analysis was incorrect.Longby LORDOFTHETRADERS4
EURAUD: Bearish Move From ResistanceThe EURAUD currency pair formed a distinct double top pattern on the 4-hour chart after testing a key horizontal resistance level. Today's economic data release triggered a price drop, breaking below the neckline of the pattern and confirming a bearish trend continuation. The price is likely to continue downward, possibly reaching the 1.6127 level soon.Shortby NovaFX235514
"EUR/AUD may rise from this level.""EUR/AUD may rise from this level." As always, it's essential to apply proper money management and never trade without placing an appropriate stop-loss. Remember, trading is a game of probabilities, so your success should be measured over a series of trades, not just one. Guys always read this quote.It will help you mentally."I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, 'I just lost my money, now I have to do something to make it back.' No, you don't. You should sit there until you find something.” “Jim Rogers: Thanks!Longby MohammedFaysal0
EURAUD: Bearish Move From ResistanceThe EURAUD currency pair showed a clear double top pattern on the 4-hour chart, following a test of a significant horizontal resistance level. The release of today's economic data caused the price to decrease and break below the pattern's neckline, confirming a bearish trend continuation. It is likely that the price will continue to move downwards, potentially reaching the 1.6127 level soon.Shortby linofx1115
EUR_AUD BEARISH BREAKOUT|SHORT| ✅EUR_AUD broke the key Horizontal key level of 1.6220 Which is a resistance now And the breakout is confirmed So we are bearish biased And we will be expecting a Further local move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ Shortby ProSignalsFx224
EurAud Trade IdeaOn October 13th I spoke about price retesting a level before getting into any longs. Price finally pulled back into the level I'm personally interested in. I'm currently in my last trade for the week so I won't be entering another BUT if EurAud can give some type of bullish sign than you can expect the pair to continue heading to the upside. I won't be trading the pair until next week so hopefully all goes well and I'll look to execute some longs. Longby OfficialJ233
EURAUD: Expecting Bullish Continuation! Here is Why: The recent price action on the EURAUD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down. ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals116
EurAud Short Limit from 1.62If the price retrace from the weak support of 1.61 and touches again 1.62 area, then bounces I will consider it a confirmed short, Entry : 1.6200 SL : 1.6260 TP : 1.600 Shortby Horazio0
Fundamentals 10/17/24 New York SessionHello All, Today we will be reviewing our fundamentals and trade opportunities that were presented to us yesterday and why they have changed. Fundamentals of the day include STRONG: AUD USD* WEAK CAD* CHF EUR GBP JPY NZD 15:08by milesjohnson7781
Targeting the Golden Fibonacci Level for Shorts EUR/AUD Analysis: Potential Move Up to the Golden Fibonacci Level Based on Fibonacci levels and structural analysis, we might see OANDA:EURAUD move up toward the golden Fibonacci level, presenting a potential selling opportunity. Once the price reaches this level, it will be essential to observe how the market reacts. Our target is the next order block above. If we see rejection at this level and the formation of a bearish structure, we will consider looking for short positions. by GlebalTraderUpdated 1
#1 Forexpair EURAUD is Down Trending Am about to soak the rice for about 10mins before I boil it for another 7 mins.. This is what the instructions say on how to cook rice on the rice packet Will this work?🤔 I don't know. Is this the exact instructions? No it's not. The method of how to cook the rice is based on my tolerance level Meaning how much time am I willing to wait for it to cook plus the amount of gas that is needed to cook it. Risk Management in trading is very similar to cooking rice on a gas stove You need to calculate the best strategy to save on gas or firewood or charcoal to cook your rice In this chart FX_IDC:EURAUD The following 3 Steps have happened: 👉the price is below the 50 EMA 👉the price is below the 200 EMA 👉the price has gapped down on a down trend These 3 Steps confirm a down trend market price. 🚀 Rocket boost this Content to learn more ⚠️Discliamer: Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not.Shortby lubosi1