EURAUD trade ideas
EURAUD - Long Term Sell (TP : 1.64075)Hello,
EURAUD is good time to bearish because it could not recover the Bull.
So far, it is range market in H4 for long time.
Weekly and Monthly showed me they are going to bearish trend.
I am trading the entry level soon. I do not trade yet because it is showed strong retracement by news.
I am waiting for more multiple 4 hours candles and trade with small risk.
Good luck.
SL : 1.668
Sell Entry Level : 1.66766 - 1.65913
TP : 1.64075
Good Luck - Do not trade big lot to prevent Margin Call. Big lot with small margin, the trend will be reversal temporarily until stopped-out your account by Margin call and big drop.
Bullish reversal off overlap support?EUR/AUD is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 1.6361
1st Support: 1.6284
1st Resistance: 1.6487
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Euraud for short.Price formed got to a monthly resistance zone, formed a double top. Price broke out of the neckline, let's wait for a retest and a bearish candlestick pattern for short entry.
EURAUD Will Keep Falling!
HI,Traders !
EUR-AUD is going down
And the pair broke the
Key horizontal level
Of 1.65093 so we are
Bearish biased and we
Will be expecting a
Further move down !
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EURAUD: Important Breakout 🇪🇺 🇦🇺
EURAUD successfully violated a support line of a wide horizontal
range on a daily time frame.
We see a positive bearish reaction to that after the market opening today.
With a high probability, the market is going to drop at least to 1.64 support.
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EURAUD FORECASTWhen I look at this price, it really looks very good due to how the market opened with momentum. However, that is just a signal price action. What I need to see is the confirmation from the market, which actually is a flag continuation. All in all, this week is looking promising. Let's see how it goes, guys!
EURAUD SellThe blue dots is my current range that price is moving within. I see the trend as down at the moment and price has come more then 50% of the range.
Now I am interested in selling with my SL at the top blue dot and my TP1 at the bottom dot. My final TP 50% of the larger fib
My EURAUD Long Idea 23/2/2025A lot is happening recently that it is almost hard to keep up with the market BUT! Recently the EURO has finally got 1 good W. Germany election is in favor to the currency and DAX so I expect things to turn out to be bullish.
EURAUD - 23/02/25EURAUD - 23/02/25 Ideas for the coming week. Will update the comments if any trades come in to play.
EURAUD double top “neckline” at 1.6517The EURAUD currency pair price action sentiment appears neutral, supported by the longer-term sideways consolidation. However, the recent oversold bounce-back retest of the major resistance at 1.6517 could trigger a bearish reversal.
The key trading level is at 1.6517, which is the current swing high. A bearish rejection from the 1.6517 level could target the downside support at 1.6350 followed by 1.6300 and 1.6220 levels over the longer timeframe.
Alternatively, a confirmed breakout above 1.6650 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 1.6740 resistance followed by 1.6810 levels.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
EURAUD POSSIBLE BUY?The market is currently testing the current Daily area. Based on 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal.
We could see BUYERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor
EUR/AUD NEXT MOVESell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER
Stop lost before pattern
R/R %1/%3
Trade in 5 Min Timeframe, use signals for scalping
EURAUDMy option about euraud Is more bullish so that zone is good and strong support,if the price comes to that zone it can pullback
EURAUDThe Upcoming Economic Data of AUD could affect EURAUD ,AUD Cash Rate: Forecast 4.10%, Previous 4.35%,RBA (Reserve Bank of Australia) Monetary Policy Statement and RBA Rate Statement all are red folders with volatility
Cash Rate Cut: The forecast indicates a cut in the AUD cash rate from 4.35% to 4.10%.
Impact: A rate cut typically weakens the currency. Lower interest rates make the currency less attractive to foreign investors seeking higher returns.
RBA Monetary Policy Statement and Rate Statement: These statements provide insights into the RBA's outlook on the economy and future monetary policy decisions.
Hawkish Tone: If the RBA statements suggest that the rate cut is a one-off event and that the central bank remains vigilant about inflation, it could mitigate the negative impact of the rate cut on the AUD.
Dovish Tone: If the RBA statements indicate further rate cuts are likely or express concerns about economic growth, it would likely reinforce the bearish sentiment for the AUD.
Potential Impact on EURAUD on tuesday;
Bearish Scenario: If the RBA cuts rates and issues a dovish statement,EURAUD is likely to UPSWING and if they remain hawkish EURAUD will sell.
On Friday EURZONE data print will be released and it will bring volatility.
Eurozone PMI data releases might affect the EUR/AUD trade directional bias this week.
To better Understanding the Data we will start with the Purchasing Managers Index (PMI): A PMI is derived from surveys conducted among purchasing managers in key business sectors, such as manufacturing and services. A reading of 50.0 and above indicates optimism and industry expansion, while a reading of 49.9 and below suggests pessimism and possible industry contraction.
Flash PMI: A preliminary release that provides an early snapshot of economic activity for the month.
French Flash Manufacturing PMI: Actual 45.3, Forecast 45.01
French Flash Services PMI: Forecast 49.0, Previous 48.21
German Flash Manufacturing PMI: Forecast 45.4, Previous 45.01
German Flash Services PMI: Forecast 52.4, Previous 52.51
Eurozone Flash Manufacturing PMI: Forecast 46.9, Previous 46.61
Potential Scenarios and EUR/AUD Trade Bias:
Scenario 1: Mixed PMIs with Services Outperforming Manufacturing:
Likelihood: Given that the French Flash Manufacturing PMI beat expectations while remaining in contraction, and the German Flash Services PMI is expected to stay in expansion, this scenario is plausible.
EUR Impact: The euro tends to react with strong directional bias and volatility to PMI releases. If services PMIs rise high enough to pull composite PMIs into growth territory, then EUR traders may price in more interest rate hikes from the European Central Bank (ECB).
EUR/AUD Bias: In this scenario, EUR may gain pips against currencies that have less hawkish central banks. If the data supports expectations of ECB rate hikes, the EUR/AUD may experience bullish momentum.
Scenario 2: Manufacturing PMIs Miss and Services Sector Cools:
Likelihood: If manufacturing PMIs miss estimates and the service sector cools enough to stagnate or contract Euro Area growth, then the probability rises that markets may price in a lower rate hike or even a rate hike pause from the ECB.
EUR Impact: A lower rate hike or pause from the ECB is generally bearish for the EUR.
EUR/AUD Bias: In this case, look out for a sustained downside break and/or a retest-hold of the triangle pattern before considering a short risk management plan,
Review Technical Indicators: If you expect the fundamentals to push the euro higher / Aussie lower this week, be an the lookout for a sustained upside break and/or a retest-hold of the triangle pattern before considering a long risk management plan4. And vice versa if you expect the fundamentals to push the euro lower / Aussie higher this week, be an the lookout for a sustained downside break and/or a retest-hold of the triangle pattern before considering a short risk management plan.
Watch the Trendlines holding as support as all indication shows that if the trendline breaks, then it could trigger an event to open fresh bearish positions.
Trade with caution
Short on EURAUDMalaysian snr and advanced lucrative strategy
- Market traded into weekly A level, confirming 1st entry shorts.
- Daily broke relevant structure to the downside and closing below weekly snr trendline, confirming daily A level 2nd entry
What To Look On EURAUDOur analysis is based on multi-timeframe top-down analysis & fundamental analysis.
Based on our view the price will fall to the monthly level.
DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you.
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EUR/AUDOn Daily, it seems it's creating Shooting Star at 1.66000 psychological number.
on 1H chart, IF and IF it makes a Head & Shoulders, then Bearish move will be the game. It's unclear and i would watch and wait.
Thu 13th Feb 2025 EUR/AUD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/AUD Buy. Enjoy the day all. Cheers. Jim
EURAUD ready to start a bearish runfor quite some time the price remained in range, which can also be called the consolidation phase. The current scenario shows that after breaking the support level the price is now retesting it. I have opened the short position by placing sell stop order and aiming at 1:2 RR.
EURAUD at Key Resistance: Potential Sell OpportunityOANDA:EURAUD is currently in a well-defined downtrend, trading within a descending channel. The price is approaching a significant resistance zone, which aligns with previous structural rejections. This level is critical as it may act as a supply zone where sellers could regain control.
The projected scenario suggests a potential rejection at this resistance area, leading to a continuation of the bearish trend. If price action confirms a rejection—such as forming bearish candlestick patterns or strong wicks—there is a high probability of a downward move toward the 1.63590 level, which aligns with a key support zone.
This setup follows the broader market structure, suggesting that sellers may remain in control unless a significant breakout above the resistance zone occurs.
