Bulls are not done yetThe bulls on EurAud don't seem to be done yet. Just last week, EurAud hit a 3 year ATH. What is price going to do next? Higher prices or is it time for a reversal?
EURAUD trade ideas
EurAud bullish Liquidity on buy side
Weekly void insufficient pRice action seen on buy side.
Sell side liquidity hunted ...
Good risk reward
Buy limit on EA
EURAUD: Bearish Forecast & Outlook
Looking at the chart of EURAUD right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely.
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SELLGod First
Minimum Risk Maximum Reward
Action Backed Believe
# faith, strategy, and execution all in one #
potential buyI am patiently waiting for the price to reach the order block before executing my buy order, ensuring that the market confirms my setup before I commit. With a refined strategy in place, I plan to enter the trade once the price reacts to the order block, using Fibonacci confluence and price action signals for validation. My risk management is set, with a stop-loss positioned just below the order block to minimize potential downside, while my target is strategically placed at the projected resistance level. Focused on maximizing my risk-to-reward ratio, I stay disciplined, ready to adjust my approach based on market behavior while aiming for a high-probability trade.
TRADE THE FACTS!!!!...NOT...what you think will happenAll the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade then this is how you will gain consistency in you trading and build confidence
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EURAUD to 1.74000 LevelLooking at the EA Chart Price made a strong move to the upside from the 1.71000 level which after the move price broke above a Strong Key Level around 1.72 with a Lower High Break of Structure, Currently i can see price forming a nice Inverted H&S Pattern at the Key Level giving me a strong indication price wants to break previous Market Structure Higher Lows. I do believe if price stays above the Key Level it will eventually reach the 1.74 level at least a move to the first Market Structure High ( 1.73 level ). The Euro has started the month with some good fundamental data and now that AUD data is being released and so far is not looking good I'm more confident price will start pushing anytime soon.
EURAUD Will Move Higher! Long!
Here is our detailed technical review for EURAUD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.721.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.729 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EURAUD: Strong Bullish SignalsThere are clear confirmations of bullish momentum on the 📈EURAUD:
This is evident from the breakout above a resistance line in a bullish flag pattern and the formation of a confirmed change of character CHoCH on the 4-hour chart.
I believe that the market is likely to sustain its upward movement, with the next resistance level seen at 1.7300.
EUR/AUD For Bullishyou can go long now
or
wait for pull-back near by entry point and then go long
general trend is up trend
have fun :)
EURAUD, 1H EURAUD broke the down trend and broke the resistance.
Now we are looking for BUYING opportunity on the retest of the trend.
EURAUD, 1H As you can see we EURAUD is on the BEARISH trend on the 1H
Let's wait for the bearish engulfing to close and then we can SELL
NO BEARISH ENGULFING CANDLE = NO TRADE
EURAUDAfter a break in 1.71890 of H1 structure the price could raise the levels of the high 1.74194
It would be great to take partials at levels of 1.72800 and use BE until the end of thetrade.
SELLGod First
Minimum Risk Maximum Reward
Action Backed Believe
# faith, strategy, and execution all in one #
EURAUD - Overbought in Shot TermEURAUD is overbought in short term in an otherwise corrective mode. The formation of rising wedge signals pullback to at least nearest support area.
EURAUD Short Term Buy Idea Follow UpHi Traders, on March 13th I shared this "EURAUD Short Term Buy Idea"
We had a strong bullish momentum on the 4H chart and I mentioned that I expect pullbacks towards the marked key support zones and then a potential continuation higher.
Price has currently reached the first key support zone with the price developing a bullish divergence. Expecting the price to potentially move higher further from the first key support zone.
Until both the key support zones hold my short term view still remains bullish here.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURAUD Corrective pullback supported at 1.0750
The EURAUD currency pair maintains a bullish sentiment, supported by the prevailing long-term uptrend. However, recent price action suggests an overextended bullish breakout, approaching significant resistance zones on both daily and weekly timeframes.
The key trading level to watch is 1.7050. A potential overbought pullback from current levels, followed by a bullish rebound from 1.7050, could extend the upside, targeting 1.7320, with further resistance at 1.7676 and 1.7800 over a longer timeframe.
Conversely, a confirmed break below 1.7050, with a daily close under this level, could signal a corrective pullback towards 1.6880 and 1.6800.
Conclusion:
While the broader trend remains bullish, the current overextended move suggests the possibility of short-term retracements. Holding 1.7050 as support will be critical for further upside continuation, while a breakdown below this level could trigger deeper corrections. Traders should monitor price action closely and adjust risk management accordingly.
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.
Short Term retracement of EURAUDLooking at a retracement from this mornings rally as US participants begin to arrive .
A retracement from Fibonacci levels
Short Entry at 17156
Target 17087
Stop at 17215
Targets and stops approx 1:1 risk reward at Previous Swing Levels .
EUR/AUD For Bullishyou can go long now
or
wait for pull-back near by entry point and then go long
general trend is up trend
have fun :)
EURAUD: Pullback From Support 🇪🇺 🇦🇺
There is a high chance to see a pullback from the underlined support on EURAUD.
As a confirmation, I see a bullish breakout of a resistance line of a falling
wedge pattern on an hourly.
The price may touch at least 1.71575
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TradingView Idea for EUR/AUD (4H Chart)
Market Overview:
The EUR/AUD 4-hour chart displays a downtrend followed by a consolidation phase at a critical support zone. The price is currently reacting within a demand area, indicating a potential bullish reversal.
Key Levels:
Support Zone: ~1.7050 - 1.7100 (Highlighted in dark grey)
Resistance Zone: ~1.7200 (Short-term)
Target Level: ~1.74217
Potential Trade Scenarios:
Bullish Scenario: If the price holds above the support zone, we could see a rebound towards 1.7200, with further continuation towards the 1.74217 target.
Retest and Breakout: A slight pullback into the support zone, followed by a breakout above 1.7200, could confirm a strong buying momentum.
Bearish Risk: A failure to hold above support may lead to further downside continuation.
Trade Plan:
Entry: Look for bullish confirmation in the demand zone.
Stop Loss: Below the support zone (~1.7050).
Take Profit: First at 1.7200, then 1.74217 for an extended move.
Bias: Bullish if support holds, bearish if price breaks below.
