EURAUD trade ideas
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.
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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.
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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
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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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.
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.
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.
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.
❤️Please, support my work with like, thank you!❤️
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.
