euraud buy idealook those to devils at top two equal highs so many liquidity up there
we buy and we go for those as tp
EURAUD trade ideas
EURAUDThe Upcoming Economic Data of AUD could affect EURAUD ,AUD Cash Rate: Forecast 4.10%, Previous 4.35%,RBA (Reserve Bank of Australia) Monetary Policy Statement and RBA Rate Statement all are red folders with volatility
Cash Rate Cut: The forecast indicates a cut in the AUD cash rate from 4.35% to 4.10%.
Impact: A rate cut typically weakens the currency. Lower interest rates make the currency less attractive to foreign investors seeking higher returns.
RBA Monetary Policy Statement and Rate Statement: These statements provide insights into the RBA's outlook on the economy and future monetary policy decisions.
Hawkish Tone: If the RBA statements suggest that the rate cut is a one-off event and that the central bank remains vigilant about inflation, it could mitigate the negative impact of the rate cut on the AUD.
Dovish Tone: If the RBA statements indicate further rate cuts are likely or express concerns about economic growth, it would likely reinforce the bearish sentiment for the AUD.
Potential Impact on EURAUD on tuesday;
Bearish Scenario: If the RBA cuts rates and issues a dovish statement,EURAUD is likely to UPSWING and if they remain hawkish EURAUD will sell.
On Friday EURZONE data print will be released and it will bring volatility.
Eurozone PMI data releases might affect the EUR/AUD trade directional bias this week.
To better Understanding the Data we will start with the Purchasing Managers Index (PMI): A PMI is derived from surveys conducted among purchasing managers in key business sectors, such as manufacturing and services. A reading of 50.0 and above indicates optimism and industry expansion, while a reading of 49.9 and below suggests pessimism and possible industry contraction.
Flash PMI: A preliminary release that provides an early snapshot of economic activity for the month.
French Flash Manufacturing PMI: Actual 45.3, Forecast 45.01
French Flash Services PMI: Forecast 49.0, Previous 48.21
German Flash Manufacturing PMI: Forecast 45.4, Previous 45.01
German Flash Services PMI: Forecast 52.4, Previous 52.51
Eurozone Flash Manufacturing PMI: Forecast 46.9, Previous 46.61
Potential Scenarios and EUR/AUD Trade Bias:
Scenario 1: Mixed PMIs with Services Outperforming Manufacturing:
Likelihood: Given that the French Flash Manufacturing PMI beat expectations while remaining in contraction, and the German Flash Services PMI is expected to stay in expansion, this scenario is plausible.
EUR Impact: The euro tends to react with strong directional bias and volatility to PMI releases. If services PMIs rise high enough to pull composite PMIs into growth territory, then EUR traders may price in more interest rate hikes from the European Central Bank (ECB).
EUR/AUD Bias: In this scenario, EUR may gain pips against currencies that have less hawkish central banks. If the data supports expectations of ECB rate hikes, the EUR/AUD may experience bullish momentum.
Scenario 2: Manufacturing PMIs Miss and Services Sector Cools:
Likelihood: If manufacturing PMIs miss estimates and the service sector cools enough to stagnate or contract Euro Area growth, then the probability rises that markets may price in a lower rate hike or even a rate hike pause from the ECB.
EUR Impact: A lower rate hike or pause from the ECB is generally bearish for the EUR.
EUR/AUD Bias: In this case, look out for a sustained downside break and/or a retest-hold of the triangle pattern before considering a short risk management plan,
Review Technical Indicators: If you expect the fundamentals to push the euro higher / Aussie lower this week, be an the lookout for a sustained upside break and/or a retest-hold of the triangle pattern before considering a long risk management plan4. And vice versa if you expect the fundamentals to push the euro lower / Aussie higher this week, be an the lookout for a sustained downside break and/or a retest-hold of the triangle pattern before considering a short risk management plan.
Watch the Trendlines holding as support as all indication shows that if the trendline breaks, then it could trigger an event to open fresh bearish positions.
Trade with caution
Short on EURAUDMalaysian snr and advanced lucrative strategy
- Market traded into weekly A level, confirming 1st entry shorts.
- Daily broke relevant structure to the downside and closing below weekly snr trendline, confirming daily A level 2nd entry
EURAUD Will Go Down! Sell!
Here is our detailed technical review for EURAUD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.651.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.636 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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What To Look On EURAUDOur analysis is based on multi-timeframe top-down analysis & fundamental analysis.
Based on our view the price will fall to the monthly level.
DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you.
Please support our analysis with a like or comment!
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EURAUD double top "neckline" at 1.6500The EURAUD currency pair price action sentiment appears neutral, supported by the longer-term sideways consolidation. However, the recent oversold bounce-back retest of the major resistance at 1.6500 could trigger a bearish reversal.
The key trading level is at 1.6500, which is the current swing high. A bearish rejection from the 1.6500 level could target the downside support at 1.6400 followed by 1.6350 and 1.6220 levels over the longer timeframe.
Alternatively, a confirmed breakout above 1.6650 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 1.6740 resistance followed by 1.6810 levels.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Buy Limit OrderIn the chart, a **limit position** typically refers to an order placed at a predefined price level rather than the current market price. Based on the image, here’s how limit orders might be relevant:
1. **Support & Resistance Levels**
The red horizontal line near 1.65272 suggests a key resistance or support level at which traders might place limit orders.
- Similarly, the price cluster at **1.64584 - 1.64404** could be a **support zone**, where buy limit orders might be placed.
2. **Possible Limit Orders**
- **Buy Limit Order:** Likely placed near **1.64500** (anticipating a price bounce from support).
- **Sell Limit Order:** Possible around **1.65300 - 1.65400** (expecting resistance at that level).
14.02.25 Morning ForecastPairs on Watch -
FX:AUDUSD
FX:GBPUSD
FX:EURAUD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
EUR/AUDOn Daily, it seems it's creating Shooting Star at 1.66000 psychological number.
on 1H chart, IF and IF it makes a Head & Shoulders, then Bearish move will be the game. It's unclear and i would watch and wait.
EURAUD SELL (Ideal Trade Setup)Institutional Trade Plan: Pullback to Institutional OB
🔴 Refined SELL Entry: 1.6530 - 1.6570 (refined OB zone)
🔴 Stop Loss: Above 1.6630 (to avoid stop hunts).
🟢 Take Profits:
TP1: 1.6400 (First SSL)
TP2: 1.6300 (Deeper Liquidity Pool)
📌 Trade Type: Swing / Trend Continuation.
📌 Confidence Level: High (Tighter confluence-based execution).
🔥 Final Institutional Decision:
✅ Wait for pullback to 1.6500-1.6600 before shorting. (wider zone)
✅ Do not short yet—Smart Money may induce liquidity before the drop.
✅ If price aggressively breaks 1.6650, re-evaluate for bullish bias shift.
🚨 Action Plan:
Set alerts for price approaching 1.6500-1.6600.
Watch for bearish rejection & BOS before entry.
If price breaks past liquidity zones, avoid early shorts.
EURAUD Short**this is not financial advise**
EURAUD is approaching an extremely overbought state and is likely to drop in the next few hours.
Please let me know what you think
Thu 13th Feb 2025 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
Potential bullish rise?EUR/AUD has bounced off the pivot which acts as a pullback support and could rise to the 1st resistance which is slightly above the 61.8% Fibonacci retracement.
Pivot: 1.6520
1st Support: 1.6416
1st Support: 1.6416
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURAUD ENTRY CHARTAs THE TREND IS CURRENTLY STILL BEARISH, though PRICE is around a strong demand AREA on the DAILY TF, We then had a push to the UPSIDE, while hitting A STRONG SUPPLY area ON THE H4 TF, So we waited for our Entry Confirmation to be CREATED on the LOWER TIMEFRAME with an INDUCEMENT CREATED, You can add this to your watch-list if this CHART meet up with your IDEA, Update will be given in the UPDATE SECTION, THANK-YOU.
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We dive deep into a powerful trading strategy that combines Gann’s 144-225 time and price cycles with Fibonacci retracement levels to predict market reversals with high accuracy. We explore how to identify key turning points, confirm entries using price action, and develop a well-planned exit strategy to maximize profits.
Whether you're a beginner or an experienced trader, this method will provide you with a structured approach to understanding price movements and timing your trades more effectively. Apply these principles to your trading routine and start seeing improvements in your decision-making and trade execution.
Learn how to master Gann market reversals using the 144-225 time cycle and Gann price synchronization, combined with Fibonacci trading strategies. This powerful approach helps traders identify key turning points, align time and price for precision entries, and enhance market predictions with Fibonacci confluence.
EURAUD ready to start a bearish runfor quite some time the price remained in range, which can also be called the consolidation phase. The current scenario shows that after breaking the support level the price is now retesting it. I have opened the short position by placing sell stop order and aiming at 1:2 RR.
EURAUD at Key Resistance: Potential Sell OpportunityOANDA:EURAUD is currently in a well-defined downtrend, trading within a descending channel. The price is approaching a significant resistance zone, which aligns with previous structural rejections. This level is critical as it may act as a supply zone where sellers could regain control.
The projected scenario suggests a potential rejection at this resistance area, leading to a continuation of the bearish trend. If price action confirms a rejection—such as forming bearish candlestick patterns or strong wicks—there is a high probability of a downward move toward the 1.63590 level, which aligns with a key support zone.
This setup follows the broader market structure, suggesting that sellers may remain in control unless a significant breakout above the resistance zone occurs.
EURJPY BULLISH SETUPOur analysis is based on multi-timeframe top-down analysis & fundamental analysis.
Based on our view the price will rise to the monthly level.
DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you.
Please support our analysis with a like or comment!
Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
EUR/AUD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
EUR/AUD is making a bearish pullback on the 1D TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.670 level.
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Asia Session Recap - EURAUD, AUDJPYRecapping my Asia session trades from yesterday and today. Yesterday's trade on EURAUD was my bread-and-butter trend retracement setup. Today's trade on AUDJPY was a False Breakout on the Weekly.
Plan: EURAUD BUYThis might be a change in trend with two big Marus developed from its lowest low. After breaking off from the range i set an Upward Key Level (clean base) from the lowest low hoping it would jump up from the Key Level and gimme a 1:2 rr.
But if it moves up further from this, i'll wait for a valid break out and only then i'll set the next Key Level.
Not leaving this trade as Set and Forget as it is going against the trend. The encircled might not be a valid break out as the maru is only supported by what i see as just a doji. But after a long downtrend with several downwards Key Levels developed before that, i think its time to change the trend upwards.
Entry: 1.6401
SL: 1.6386 (0.9%)
TP: 1.6431
Risk Management:
1. cancel trade if significant Imbalance developed within the discount zone.
2. Shock Move straight to targeted Upward Key Level.
Pullback resistance ahead?EUR/AUD is rising towards the pivot which has been identified as a pullback resistance and could drop to the overlap support.
Pivot: 1.6520
1st Support: 1.6363
1st Resistance: 1.6591
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
