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EURAUD trade ideas

EURAUD 1H Short Trade - 1:3 RRRSL: 1.64973 TP: 1.62000 In this trading strategy, we present a compelling opportunity for a long position on the EURAUD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:3. Indicators: EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
Short
by panjikadar
2
Potential Bullish Move in Range-Bound Market - EURAUDEURAUD is currently trading within a range-bound market, meaning it has been moving within a defined support and resistance level for a period of time.Looking at the price chart of EURAUD, we can identify a clear support level where the price has repeatedly bounced off in the past. This support level indicates a strong area where buyers have historically stepped in to push the price higher. For this trade idea, a potential profit target could be set at or near the resistance level within the range. This level represents an area where sellers have historically been active, so it's reasonable to expect some resistance to price movement. As for stop-loss areas, they should be placed below the support level to limit potential losses if the market moves against the trade.
Long
by AndialAF
ICT Long Setup EURAUD (Scalping ONLY)👋Hello Traders, Our 🖥️ AI system detected that there is an ICT Long setup in EURAUD for scalping (Its Daily Chart is in Downtrend) Please refer to the details Stop loss, Demand Zone(Buy Zone), TP 1 and TP2 for take profit. For more ideas, you are welcome to visit our profile in tradingview. If the price had hit the TP2 when you see this idea, please wait for next idea. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Long
by ICT_Trader_SB
1
EURAUD MAY 2024 WEEK 2 OUTLOOK - Daily - Bearish, in need of a pullback. this seems like a flip of AUDUSD. right now EUR and USD are not the main players here in both these assets. seems like AUD is in driving seat. we might get a chance to sell on pullback on EA in coming days. Origin - bearish (neutral). just looking at the structure we can say that this can be a pretty volatile week with price chopping around in overall bearish trend. **1.63013 - 1.63657** is the key area to look out for. if price pulls back into this area and then gets rejected and holds below previous week AVWAP we can look for shorts on our trigger TF.
Short
by Osiris992
Strifor || EURAUD-01/05/2024Preferred direction: SELL Comment: Previous trading ideas for this currency pair worked perfectly, and, as expected, the resistance level of 1.64767 has stopped buyers. At the moment, the probability of resuming the downward movement is high. An increase towards 1.65500 is not excluded within the framework of scenario №2 . However, the more likely scenario №1 involves a fall from current prices with a target at the level of 1.63067 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Viktor_strifor_analyst
3