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EURAUD trade ideas

EURAUD Will Grow! Long! Here is our detailed technical review for EURAUD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.667. Considering the today's price action, probabilities will be high to see a movement to 1.672. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURAUD is in The bullish Direction after Triple Bottom FormationHello Traders In This Chart EUR/AUD 4 HOURLY Forex Forecast By FOREX PLANET today EUR/AUD analysis 👆 🟢This Chart includes_ (EUR/AUD market update) 🟢What is The Next Opportunity on EUR/AUD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
EURAUD BEARISH 100PIPSBearish Forecast (100 pips) Trend Analysis: A bearish forecast suggests that you expect the price of EURAUD to decline. This could be based on a technical setup, such as a clear downtrend or price action indicating weakness in the euro or strength in the Australian dollar. Resistance Levels: You might have identified resistance levels or technical patterns (like a head and shoulders, bearish flag, or a rejection at a key moving average) that point to a potential downward move. Target (100 pips): You're aiming for a price move of 100 pips from your entry point, which could be based on a calculated move or previous price swings in a similar range. 20 Pip Stop Loss Risk Management: A 20-pip stop loss is relatively tight, which indicates you're trying to limit your downside risk in case the market doesn't move in your predicted direction. Risk-to-Reward: If you're targeting 100 pips with a 20-pip stop loss, that gives you a 5:1 risk-to-reward ratio. For every 1 pip of risk, you're aiming for 5 pips in reward, which is a favorable risk profile for your trade. Volatility Consideration: EURAUD can sometimes be volatile, so it's important to ensure that the stop loss is placed at a reasonable level where price action can fluctuate without triggering you prematurely. You’ll want to place the stop loss just above a key resistance level or swing high that could be a logical invalidation point for your bearish view.
Short
by LORDOFTHETRADERS