EURAUD 01/09/2024Weekly:
-Inverse H&S pattern.
-78.6% retracement.
-Expecting at least a reaction to the upside.
Daily:
-Fib completion -68%.
4H:
-Inverse H&S pattern.
-Impulse and correction pattern.
EURAUD trade ideas
shortif the AUD news comes up positive then euraud is the best pair to trade towards short as the eur is week and aud as the inverse currency comes as strong will get the euro down
EURAUD | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
Trend |Time Frame Conductive | Daily Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | 15 Minutes Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
EURAUD to move down side...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Instead for this week i am bearish on EURAUD, but waiting to see some retracement before shorting. Let's see how the PA plays out this week.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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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.
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EUR_AUD BEARISH BIAS|SHORT|
✅EUR_AUD is about to make
A local retest of the horizontal
Resistance level of 1.6400
While trading in a local downtrend
So we are bearish biased and
We will be expecting a further
Move down after the retest
SHORT🔥
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EURAUD: Very Bullish Outlook Explained 🇪🇺 🇦🇺
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 most likely reach 1.6376 level soon.
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More downside on EURAUD (Trade opportunity)There might be some potential in further shorting on EurAud. From a correlation standpoint. I don't prefer this type of setup but still it does qualify as a valid trade setup none the less. For details such as entry, stop, targets view the chart.
EURAUD is in The Down DirectionHello Traders
In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUSD 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
EURAUD Potential DownsidesHey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.64200 zone, EURAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.64200 support and resistance area.
Trade safe, Joe.
EUR/AUD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
The BB lower band is nearby so EUR-AUD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1.659.
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EURAUD Strategy & AnalysisKey Tech/Fundamental runover amid current risk on mood.
Massive fall on EURAUD, Time to get long?
SELL EURAUD - trade explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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EURAUD - Now We Want!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURAUD has been bearish trading within the falling channel.
Currently, EURAUD is approaching the lower bound of the channel.
Moreover, the zone marked in blue is a strong support.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the support zone and lower trendline acting as non-horizontal support.
📚 As per my trading style:
As #EURAUD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURAUD SELL TF H4 TP = 1.6323 On the H4 chart the trend started on Aug. 06 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 1.6323
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
EURAUD SHORT Market Structure is Bearish on HTFs DH
Entry around both Daily and Weekly AOi
Weekly Rejection At AOi
Daily Rejection at AOi
Around Psychological Level 1.65000
H4 EMA retest
Rejection At AOi
Rejection from H4 previous Structure
Levels 6.27
Entry 90%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
EURAUD BearishEURAUD will continue its downward trend , AUD is fundamentally stronger than EUR.
Seasonals data shows that of EURAUD with continue its bearish trend until beginning to Sept.
EUR Expected to reverse by next week of September as COT Data of EUR and AUD both are increasing and EUR is decreasing its short positions of non commercials.
EURAUD Sell IdeaThe reason I am selling the EUR/AUD currency pair is because
inflation in the Eurozone has eased to 2%, which could prompt the ECB to cut interest rates again.
Meanwhile, inflation in Australia has risen slightly while the Reserve Bank of Australia has kept interest rates unchanged, and on the other hand, Australia's trading partner, China, is making efforts to boost its inflation, which has been under pressure, by cutting interest rates and providing future stimulus.
Therefore, the AUD has better long-term prospects compared to the EUR.
Sell Limit : 1.65700
Stoploss : 1.66100
Take Profit : 1.64500
Be safe and protect your capital with stoploss
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
Is the Aussie Dollar Doomed? CPI Reveals AllThe release of Australia's CPI index on the upcoming Wednesday, July 31st, is anticipated to have a significant impact on the foreign exchange market. Specifically, a negative CPI figure is likely to weaken the Australian Dollar, thereby strengthening the EUR/AUD currency pair. Traders may consider selling this pair from clearly defined resistance levels above the current market price.
Monitoring Market News: Given the dynamic nature of the forex market, it's crucial to stay updated with relevant news and events that can impact the EUR/AUD pair. Keep an eye on economic releases, central bank announcements, geopolitical developments, and any other factors that may influence these currencies. By staying informed, traders can make more informed decisions and adjust their positions accordingly.
EURAUD - Possible setups.EURAUD (15-Minute Time Frame) has formed a higher high, indicating a bullish trend. If the previous lower low remains intact and the resistance level is broken, this could present a good buying opportunity. However, if the resistance level does not break, consider looking for a short entry.
28.08 Overview of Trading daySummary of the thought process how I behaved na what I did as a trader today.
