EURAUD BULLISHEURAUD broke above a bearish trendline on h4, currently testing it and we expect a bull run soon from here
EURAUD trade ideas
EURAUD is finding the support...bull take over from nowEURAUD is doing the reversal pattern.
Seller is getting weaker and weaker.
Last Friday we could observed buyer was starting to show the strength (by bulling engulfing)
Earlier today was ranging around 1.6100 level, but i'm expecting price will go higher during Europe & US session
Good luck
ShortEURAUD I was believe to going up and i took one entery bulish so hits sl then it was happen broke for 30m ' you can see 4h time frame for bearish signal becouse the candle closed inside of high ' its not closed on the upside of high so i believe euruad going sell and i took onother entery for sell .
Please care full to use low risk to protect your account
EURAUDThe EUR/AUD is in a short-term bearish trend on the daily timeframe, following a descending channel and Elliott Wave ABC pattern. The price recently broke a key support level, suggesting further downside movement towards the channel's support trendline, completing the C wave. After reaching this point, we will look for bullish rejection signals for a potential long-term entry.
EURAUD short term bullish move starting soon**Monthly Chart**
The monthly timeframe shows that EURAUD (Similar to EURNZD) moving into a range between a High 1.70800 and a low of 1.58500 levels. Last month candle closed as a bearish candle. This month's candle which is still active has moved lower and swipe liquidity below the swing low of Jan 2024.
**Weekly Chart**
EURAUD Last week's candle closed lower after swiping liquidity. This suggests a start of a short-term swing long at least to test 1.64000 level. However, this is a low probability trade as it might go lower and test the low of relative equal monthly levels.
**Daily Chart**
Last Friday's candle closed as a bullish key reversal after swiping the liquidity of the previous swing low. This suggests a start of a bullish move at least for a short term to test 1.6300 and then 1.6400 levels.
EURAUD JUNE 2024 WEEK 4 OUTLOOK -
Daily - looks extended. wait till AUD CPI. another reason to believe that AUD CPI is coming in lower than expected on Wednesday.
Origin - break and hold below **1.60664** will prep EA for another leg down. but I am not comfortable taking part in EA shorts. probably staying out of EA this week is the best course of action.
EURAUD - LONGanytime EURAUD can push up, almost 300pip+
wait for the 4h buy setups to enter. try and take some parcel profits along the way.
the market made the 5-way correction, and its completed and it can push up from here or a little blow
in the market anything can happen, so up move is a high possibility but it can drop 1000 pips too thats why we need to have SL always.
trade with care.
V.Ragu
EuraudOf we look closely to the chart we can see that sell side liquidity was taken out then change of character occurred now we wait for price to return to the discount be we execute our orders.
EURAUD Coming Week A look at the intraday 4hr chart.
Trend = Bearish
1. Trendline - angular resistance holding from 10th June
2. Moving Average = 50 MA above price
3. RSI - within the 20-50 zone , supporting short side.
Phases - Phase 1 + Phase 2 + Phase 1 and on last Friday the start of the next Phase 2.
High Probability Zone - confluence of the 50 MA, Trendline , Fibonacci 50 retracement.
Secondary Graystone Zone - identified on chart
Into next week , the bias is for shorts . A short price action setup within the above zones is of interest.
EURAUD SWING BUYGenerally we should expect some big euro move against the KIWI
As price is forming a huge bullish pattern
EUR/AUD BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
EUR/AUD is trending up which is clear from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a classical trend following opportunity for a long trade from the support line below towards the supply level of 1.615.
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EURAUDPrice is bearish so I’m simply looking for a retest of broken support. Once price retraces to retest broken support, I’ll look for sells/shorts towards weekly support (1.58700).
EURAUD is approaching an important resistance zoneHey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.61700 zone, EURAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.61700 support and resistance area.
Trade safe, Joe.
EURAUD SHORTSYesterday I closed my position at BE because H4 broke structure and as part of my rules I had to exit trades, Monitored EA and Price moved down creating structure again, I am looking at an opportunity of going short again, There is enough confluence for an opportunity;
Market structure bearish DH
entry at weekly and daily AOi
Weekly rejection from AOi
Daily Rejection at AOi
Daily rejection from previous structure point
Around Psychological Level 1.61500
H4 Candlestick rejection
Rejection from H4 Previous structure
Levels 4.91
Entry 95%
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EURAUD making bullish divergence 1H timegrameEURAUD is making bullish divergence on 1H timeframe. confirmation can be done after breaking of previous LH.
EURAUDEURAUD is in strong bearish trend.
As the market is consistently printing new LLs and LHs.
currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL.
What you guys think of this idea?
EURAUD BUYLooking for a long on EURAUD
Expecting more long term move on the pair as far as the technical and fundamental is concern
EURAUDEURAUD is now inside descending channel
targting area 1.5550 / 1.5450 as long term target
but need to see how it will interactive with area 1.61 / 1.6030
EURAUD - NEW BEARISH MOVE Hello Traders !
After a huge bearish move, The EURAUD price broke the support level (1.61290 - 1.62182).
Support becomes a new resistance level !
So, I expect a new bearish move📉
___________
TARGET: 1.59200🎯
EURAUD Swing longEA has completed an ABC correction on D1. Completed trend break, rsi divergence, and sl hunt. Expecting a major move from here
EURAUD: Important Breakout 🇪🇺 🇦🇺
We got a massive breakout on EURAUD.
The pair broke and closed below a wide horizontal daily demand zone.
It confirms the overall bearish sentiment and increases the probabilities that
the market will keep falling.
Next supports: 1.60 / 1.59
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