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EURAUD trade ideas

EURAUD - A Structure Trading Opportunity With A TwistA look at a structure-based trading opportunity on the EURAUD showcasing 4 different ways to get involved including using a Cypher Pattern as a reason for entry. In this video we taker a full look at why I'm interest in the area and where I'm expecting price to go to if we indeed get some follow through on the trading opportunity. If you have any questions or comments please leave them below and I wish you guys a great and safe week of trading. Akil
Short
by Akil_Stokes
14
EURAUD Weekly Analysis and OutlookEURAUD Weekly Analysis and Outlook This week, the EURAUD pair has shown a strong upward trajectory, closing in a bullish continuation phase. This upward momentum indicates a positive sentiment among traders, suggesting further potential for growth. Current Market Overview: The pair has been steadily moving upwards, supported by favorable market conditions and bullish sentiment. As it approaches a key resistance zone, traders should closely monitor the price action. A successful break above this resistance would likely confirm the continuation of the bullish trend. Expectations and Potential Scenarios: Upon breaking the resistance zone, we anticipate that the EURAUD will continue its upward momentum. This breakout could open the door to higher levels, offering traders potential opportunities to capitalize on the bullish trend. Primary Expectation: If the resistance is broken, the price is likely to sustain its upward movement, potentially targeting higher resistance levels. This scenario would reinforce the bullish outlook, making it a favorable environment for long positions. Alternative Scenario: However, if the price encounters strong resistance and fails to break through, a temporary pullback could occur. Traders should be prepared for this scenario, as it might provide opportunities to reassess entry points at lower levels before resuming the upward trend. Conclusion: In summary, the EURAUD pair is poised for further upward movement following its recent bullish phase. Traders should watch for a decisive break above the resistance zone, which could serve as a catalyst for continued gains. Maintaining awareness of both bullish and corrective scenarios will be crucial for effective trading strategies. Stay updated with market developments and adjust your positions accordingly. By Piptera Digital Solutions, Invest Wisely!
Long
by Piptera-Digital-Solutions
EURAUD - Monster Move Hey traders, EURAUD has been moving correctively for almost one year. According to Elliot Waves, the type of correction that has made is an irregular flat correction that consists of 3 waves: Wave A= 3 waves Wave B =3 waves Wave C = 5 waves Wave C is an ending diagonal = Reversal will happen. In addition to that, we are seeing nice divergence which indicates price is going to reverse soon. LONG Setup: - Watch break of 4H 50 EMA for entry - Stoploss : Below 0.382 fib - Targets: 1.70 ( 900 pips ) and 1.78 ( 1700 pips ) Check 4H chart for entry Goodluck and trade safe!
by Tradenessfx
EurAud- Important break could lead to 1k pips riseAfter a recent dip to the 1.6 zone and a period of consolidation, the EUR/AUD has reversed strongly over the past two weeks, leading to a significant breakout. As shown in the chart, following an initial upward movement lasting about a year, the pair corrected and consolidated within a falling wedge pattern for another year. Currently, we see a clear breakout above the falling wedge's resistance, which could lead to a rise of approximately 1,000 pips in the medium to long term. Swing and positional traders might consider buying on any dips around 1.64, aiming for a target of 1.75, while keeping the interim resistance and falling wadge's target at 1.7 in mind.
Long
by Mihai_Iacob
EURAUD I Price has reached the resistance execution area Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
1
Tips and Tricks on How to Trade the Inside Bar Candlestick Tips and Tricks on How to Trade the Inside Bar Candlestick Formation What is an Inside Bar? An Inside Bar is a two-bar price action pattern where the second bar (the inside bar) is completely contained within the high and low range of the first bar (the mother bar). This often signifies a period of consolidation or indecision. Trading the Inside Bar: Breakout Strategy: Look for a strong breakout above the mother bar's high for a long position, or below the mother bar's low for a short position. Volume Confirmation: Increased volume on the breakout candle can strengthen the signal. Stop-Loss Placement: Consider placing your stop-loss at the opposite end of the mother bar. Risk-Reward Ratio: Ensure a favorable risk-reward ratio before entering a trade. False Breakouts: Be aware of false breakouts, especially in ranging markets. Combine with Other Indicators: Use the inside bar in conjunction with other technical analysis tools for improved accuracy. Remember, the inside bar is a powerful tool, but it's not a foolproof strategy. Always practice risk management and consider using it as part of a broader trading plan. #tradingview #insidebar #priceaction #forex #stocks #tradingtips
Education
by Forex_Wealth_Factory