EURAUD FORECASTThe structures in EURAUD are really developing nicely what we need is to to be patient to wait and see how the market will develop.
EURAUD trade ideas
Heading into pullback resistance?EUR/AUD is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 1.65785
Why we like it:
There is a pullback resistance level.
Stop loss: 1.67101
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Take profit: 1.63589
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement.
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EURAUD SELLWe have just taken out buyside liquidity, after a BOS (a while ago) we can now target sellside liqudity in the near term
EUR/AUD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are targeting the 1.634 level area with our short trade on EUR/AUD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
EURAUD Buyers In Panic! SELL!
My dear subscribers,
This is my opinion on the EURAUD next move:
The instrument tests an important psychological level 1.6446
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.6367
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
Head and ShoulderMarket have been moving sideways creating head and shoulder pattern long term. The spike up on the right shoulder and fast move down indicates that market is ready to sell just waiting for the breakout of the neckline down. For now based on my analysis it’s a high probability sell. Long term bearish indication. For anyone looking to short sell please wait for pattern and confirmation on lower time frame to enter sell position.
euraud bullish trade continuation... As I showed before that I was waiting for price to pull back to make a second entry. You just have to be patient, follow your trading plan and most importantly the weekly trend. Afterwards, other confirmations are needed in other temporalities 1m, 5m.
Only risking 10pips on that trade. And when tp1 hits, we put the trade in breakeven, and that's it, let it run.
Why do I say that everything is in the weekly tf, well ask me why?
EURAUD(Short)Turtle soup and Smart Money Concept Trading Strategy
The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend.
Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts.
ENTRY :- SELL -Above opening price (daily) BUY - Below opening price (daily)
STOPLOSS :- above or below recent swing High
1st TARGET :- Book profit 50%
2nd TARGET :- Book profit 25%
3rd TARGET :- Book profit 25%
Consisitency and hard working is the key of success.
KEY OF SUCCESS :-
*) Buy below opening price of Daily Candle AND Sell above opening price of Daily Candle.
*) Do not take risk more than 1% of Equity.
*) Take Profite Should be More then 2% of Equity .
*) Book 50% profit of running trade first and remaining 50% hold for long term.
euraud bullish trade.... 209pips. Just following the trend, but not in 4h or daily as others say. But analyzing and making decisions based on w timeframe. This is what has been giving me positive results for the last 3 weeks, and I still have lost trades, but some are because I do not follow my trading plan and others are because of some news. But I'm still making profits every week due to good risk/reward management. The important thing is that in losses you know why the trade went against you as you thought.
EURAUD ShortLooking for a short opportunity once the market gets to the area of interest i drew there.
EURAUD Will Go Up! Buy!
Take a look at our analysis for EURAUD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.632.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.640 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 selling opportunityWe are in overall in EURAUD in a bearish move so we could plan to go short at the end of a bullish corrective move.
Here I believe that in this pair we are at the end of bullish corrective move and if price could close below the arrow then we can go short.
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
EURAUDFrom the chart pattern, I see price break and retest structure, I expect pair to buy to the marked zone
EURAUD: Pullback From Key Level 🇪🇺 🇦🇺
EURAUD may pullback from a key daily horizontal support.
The pair looks very oversold after a recent bearish rally.
On Friday, the price formed a double bottom pattern on a 4H time frame
and broke and closed above its horizontal neckline.
We see its retest at the moment.
The price will reach 1.6376 level soon.
❤️Please, support my work with like, thank you!❤️
EURAUD SHORTEURAUD SELL
FUNDAMENTAL:
EUR LEI is on decreasing side, with poor BP and NFP, along with CPI.
AUD on the other side is performing well on LEI, with better BP, Norders, IR, PPI, Govt, Budget
Scores informs us about strong position of AUD vs EUR
Ammar bhai's model shows us continuous sell from Apr24 on EURAUD, with 4 sell on Jun, 3 sell Jul, and 3 sell on Aug
Conditional scoring of AUD increasing very well, with more positive news. Whereas with EUR we see more negative news in past and current month.
EUR COT report's RSI has touched 100%, and shorts increasing. Whereas in AUD longs are increasing and shorts decreasing
Seasonality of EUR shows bearish trend till 10th of Sep, and AUD shows a small spike up.
Irone ore exports: "Overall global iron ore exports: In the first half of 2024, global exports increased by 5% compared to the same period in 2023. Australia accounted for 427 million tons of these exports, representing a 2% year-on-year increase"
Technical:
Shorts opened, bearish trend , 0.5% risk
eur index bearish and Aud index bullish
Bullish rise off overlap support?EUR/AUD has bounced off the pivot which acts as an overlap support and could rise to the 1st resistance which is a pullback resistance.
Pivot: 1.62655
1st Support: 1.61578
1st Resistance: 1.64573
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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.
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EURAUD Daily TFBias Bearish
Fundamental
EUR have bearish fundamental momentum. AUD have bullish fundamental momentum
Price Action
Price broke through H4 support level. Price retrace back into H4 broken support level. Price rejected from the H4 support level and close below the H1 SR level twice. H4 bearish engulfing is formed and likely to create a inverted hammers in H8 candle pattern.
Setup
Short setup at H1 broken SR level.
TP next Daily Support level 1:6
SL above the swing high.
