EUR/AUD:DOWNTREND| PRICE ACTION|HEAND & SHOULDER|SHORT🔔Welcome back Traders, Investors, and Community!
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Eur-aud
EURAUDHere on the EURAUD, price has approached a strong support zone and is currently reacting to this zone. This may be an opportunity to Long the market as it forms a double bottom.
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EURAUD Second Sell Entry for Next Week.I'm looking at this sell for next week, patiently waiting on a pullback to the area that I highlighted above.
I have been doing pretty good this week only focusing on 3 pairs, they have kept me having consistent 20-30 pips a day.
I'll keep posting every night except on Fridays -saturdays
EURAUD looking to short ...
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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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EURAUD long opportunity progressing well 📈💪Trade details for current trade are shown on the chart.
I have been in this trade since 2:30 am UK time.
Sorry I missed this one on this mornings ideas but in a rush other projects always on the go.
We are working the 30M time frame on this strategy.
We're looking for the green line which is take profit target.
Little blue long arrow is entry point and purple line is stop loss.
Trade history can be seen at the foot of this trade idea too for full transparency.
Previous trade can also be seen on chart didn't hit TP but closed for good profit.
Lets see where this one finishes up.
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The stats for this pair are shown below too.
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Darren
EUR/AUD Two potential scenarios:
1. Bullish
If price finds bullish momentum we could see price break above the key resistance level of 1.6170 level. IF this happens, we could see price return to previous highs of 1.6380.
2. Bearish
On the daily chart, we can see a possible head and shoulders structure forming. If the price rejects at key resistance (1.6170) we could see price return to the 1.5920 level.
Fundamentally, I have a bullish bias on this pair due to the poor performance of AUD.
Lets see what happens!
💡Don't miss the great sell opportunity in EURAUDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.6142).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURAUD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 1.6071
TP2= @ 1.5976
TP3= @ 1.5905
TP4= @ 1.5785
TP5= @ 1.5704
SL: Break Above R2
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💡Don't miss the great sell opportunity in EURAUDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.6142).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURAUD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 1.6071
TP2= @ 1.5976
TP3= @ 1.5905
TP4= @ 1.5785
TP5= @ 1.5704
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Buy setup with EURAUDH4 time frame.
Structure: Uptrend.
After a deep downward move, the price formed a consolidation area.
The price after a strong increase broke through the consolidation zone at 1.60900, there was a retest and there was a signal to increase again from this zone.
Here, waiting for the price to form a continuation candlestick pattern, you can buy with the profit target at the price of zone 1.62500 and 1.64500.
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Wish you all have a good trading day!
EUR/AUD About to Start a New ImpulseGood morning, traders! Today, we will analyze EUR/AUD in multiple time frames to explain why we consider upside potential for the short term.
🔸Based on the technical context, we see that the price is in a short-term uptrend.
🔸Recently, there was a bounce in the support zone that gave a possible completion to the current price correction.
🔸If this is the bottom, what we are looking for is the following:
This is the 4H chart.
🔸The downtrend line is broken, and the price is now consolidating.
🔸What we expect is a break from the current consolidation. If this happens, the price may seek the resistance zone.
EURAUD - DAY TRADE VIEWEURAUD - Looking good on hourly candles trying to reverse back from the support zone .
My approach will be a buy here at current price 1.60450
Maintain stop loss 1.59200
Potential upside target 1.62550 - 1.63050
Follow the levels as mentioned above.
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EURAUD: Update & Time To Grow 🇪🇺🇦🇺
Hey traders,
For the entire week, EURAUD is trading on a major daily support level.
The price was trading within a narrow trading range and formed an inverted h&s pattern.
Now we finally got the breakout of its neckline.
It is a very strong confirmation of a coming bullish movement.
Goals:
1.63
1.633
❤️Please, support this idea with a like and comment!❤️
EUR/AUD Signal - ECB Monetary Meeting Accounts - 26 Aug 2021EURAUD is trending to the upside currently and has made a pullback into the 50% fibonacci level prior to the ECB Monetary meeting accounts, which will provide insight into the European Central Bank's future monetary policy. Technically the pair is at the fibo golden pocket, and we anticipate continued upside into the 1.650 level.
EUR/AUD LONG ABOUT SITUATION:
* We see that the market goes with a bullish trend. +
* Previuos monthly candle shows strong buyers. +
* Weekly candle shows a correction. + And now market at 50.0 Fibonacci level. +
* 2021 08 19 Daily candle is very strong and if market will not close this candle it will be a good news for buy idea.
We can wait for the appearance of buyers and buy where is the yellow line draw.
EURAUD - DAY TRADE VIEWEURAUD - As per the hourly chart & candlestick patterns, it's trading close to the immediate resistance and chances of coming down is happening.
My approach will be a sell here at current price 1.63700
Maintain Stop loss around 1.64250
Potential downside target 1.62300 - 1.61200
Follow the levels properly, I will be glad to see your likes & comment.
EURAUD - DAY TRADE VIEWEURAUD - As per the hourly chart & candlestick patterns, it's trading close to the immediate resistance and chances of coming down is happening.
My approach will be a sell here at current price 1.61060
Maintain Stop loss around 1.61260
Potential downside target 1.60600
Follow the levels properly, I will be glad to see your likes & comment.