EURAUD💡Hello everyone, EURAUD chart analysis
The price is moving inside a falling wedge pattern, which consists of two decreasing lines that indicate that there is gradually diminishing selling pressure.
Buy scenario:⬆️
If the price manages to break the falling wedge pattern upwards. Breaking the wedge is usually a strong signal that the downtrend is over and the price is preparing to rise.
Sell scenario:⬇️
If the price fails to break the falling wedge upwards and continues to trade inside or below it, this may be an indication of a continuation of the downtrend.
⛔️ Not investment advice, for educational purposes only.
EURAUD trade ideas
Euraud long trade ideaHello everyone, I've identified a fresh Demand zone in the EUR/AUD pair, and the location is quite appealing.
As always, it's essential to apply proper money management and never trade without placing an appropriate stop-loss. Remember, trading is a game of probabilities, so your success should be measured over a series of trades, not just one.
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Guys always read this quote.It will help you mentally."I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, 'I just lost my money, now I have to do something to make it back.' No, you don't. You should sit there until you find something.” “Jim Rogers:
Thanks!
EURAUD Analysis: Resistance at 1.6250 and Targeting 1.6335EURAUD is currently trading at 1.6250. It is attempting to break out of the descending trendline resistance. If the price manages to break above this level, we could see an upward movement toward 1.6335. Traders should keep an eye on this breakout, as it may indicate a stronger bullish momentum.
Euraud bullish for 1200 pipsIf you're looking at a bullish scenario for the EUR/AUD pair with a target of 120 pips, it's important to consider the current technical and fundamental factors driving the pair. Here's a broad analysis:
1. Technical Analysis:
Support and Resistance Levels: Identify key support and resistance levels. If EUR/AUD has broken through a significant resistance, it may indicate further upside potential.
Moving Averages: Look at short-term and long-term moving averages (e.g., 50-day and 200-day MA). A crossover or strong upward trend could indicate a bullish trend.
Chart Patterns: Are there any bullish formations such as an ascending triangle, cup and handle, or inverse head and shoulders?
Indicators: Relative Strength Index (RSI) or MACD divergence may suggest overbought or continuation signals.
EURAUD Short Bias – Bearish OB Rejection and Sell-Side EQLTargetEURAUD is currently in a clear downtrend. After sweeping sell-side liquidity at 1.60237, price retraced into a daily bearish order block (OB), which is a high-probability setup. The latest candle has closed within and below the OB, signaling further bearish momentum. Price is displaying a shift from External Range Liquidity (ERL) to Internal Range Liquidity (IRL), with sell-side liquidity and equal lows (EQL) at 1.59973 as the next target.
EURAUD: Bullish Move After Breakout Observe the movement of the price action on the EURAUD chart. The price successfully broke a significant horizontal resistance level on an internal time frame.
Subsequently, the price underwent a minor correction on a 4-hour chart, forming a bullish flag pattern.
After a positive response from buyers, the market surged and breached its resistance level.
It is likely that the upward trend will persist, with a target set at 1.6336.
Buy euraudJust check our last two idea buy and sell both reached to our targets
Now we are looking again buy
Currently trading in a range and respects its weekly buy level
Buy wee can see 2 major buy sell sell rejection in week candel , that's still not good sign for buy now
Just wait to sweep.downside then enter in buy for long term
EurAud Trade IdeaOctober 7th I published a long set up on EurAud and stated how I was looking for price to flip at 1.60430 and potentially get into some longs after another retest. Price did just that. So my play for last week on the pair will be the same for this week. We never had the retest with having low volume on the pair. If price can retest this week I'll definitely be going long on the pair for a possible 1:3rr. We'll see what happens.
Euraud likely can see more downsideHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Overall a bearish chart on the daily, now with the rejection as last R zone on daily, likely to see more downside on EA.
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 H4 AnalysisPrice printed a bullish impulse earlier this month. The subsequent price action saw a break through and close above the 1.6200 barrier. This was previously support back in early September.
Now with price seemingly forming a corrective pattern and retesting 1.6200, we wait to see if buyers enter the market for the next impulse higher.
EUR/AUD Short Trade Setup – 4H ChartThis trade is only valid if the current 4 hour candle closes below 1.62364.
I'm currently looking at a potential short opportunity on EUR/AUD after the upward trendline was broken, confirming a shift in momentum. Price has retested the broken trendline and respected the downward trendline, which remains valid.
Entry: 1.62620
Stop Loss (SL): 1.62850
Take Profit (TP) Targets:
TP 1: 1.62364 (Set Stop Loss to Break Even at this point)
TP 2: 1.61944
TP 3: 1.61171
TP 4: 1.60330