Eur-aud
EURAUD weekly outlookEURAUD has been trading within this huge channel for almost 10 years now so a very significant channel with the Eurozone starting to breakdown a clean break of the low of this channel exposes further losses looking at the 1.40 as the first major target which would provide 1,300 pips
HATE TO SAY, WE ARE STAYING ABOVEIDEA BEHIND THIS TRADE:
1. FIRST OF ALL, I planned this trade after CPI on 10 Mar 2021. From my POV, I think EURUSD is forming the bottom for sure this week.
2. I really think this pair will not break the bottom, instead of breaking the current low. The market takes an interest to test the top.
3. What I plan here we are going to top and form a lower high and we saw a fall from there. Maybe a week swing trade duration.
Thanks for taking time to read my idea and like & comment is much appreciated. thanks.
EURAUD on a bear flag 🦐EURAUD after the recent lows created a string impulse until the 1.57 area.
From there the price moved to the lower side and currently is moving inside a bear flag.
According to Planctpn's strategy if the price will break below we will set a nice short order.
––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EUR /AUD is likely to be STRONGLY down 🔻📉Hello Fellow Traders,
The full description is drawn on the chart 📈📉
Risk Management and Insurance: * Always risk 1% per trade, no more!
📊 If you found this analysis useful, Please, Like 👍 and share it with other traders.
🔎 Would you like to see more ideas and analysis? Follow me then 😉
✍️ Please share your ideas, views, opinions in comment section with us 👇
Good luck!
Happy Pips 🤩💰🎯
EURAUD - SWING - 08. MAR. 2021Welcome to our weekly trade setup ( EURAUD )!
-
1 HOUR
Bullish price reaction..
4 HOUR
Overall bullish market structure.
DAILY
Expecting more upside pressure and price action.
-
FOREX SWING
BUY EURAUD
ENTRY LEVEL @ 1.55000
SL @ 1.54230
TP @ 1.56350
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURAUD is facing bearish pressure, potential for downsidePrices are facing bearish pressure from 1st resistance level , in line with horizontal swing high resistance, which coincides with 78.6% Fibonacci retracement as well as 50% Fibonacci retracement . Prices might push down to our 1st support level which is in line with 61.8% Fibonacci extension , 127.2% Fibonacci extension as well as horizontal swing low support. If prices break through 1st resistance, it might hit the 2nd resistance which coincides with the 127.2% Fibonacci extension . Stochastics is also showing that it might face resistance and pullback from the 77.0 level.
EURAUD is facing bearish pressure, potential for downsidePrices are facing bearish pressure from 1st resistance level, in line with horizontal swing high resistance, which coincides with 78.6% Fibonacci retracement as well as 50% Fibonacci retracement. Prices might push down to our 1st support level which is in line with 61.8% Fibonacci extension, 127.2% Fibonacci extension as well as horizontal swing low support. If prices break through 1st resistance, it might hit the 2nd resistance which coincides with the 127.2% Fibonacci extension. Stochastics is also showing that it might face resistance and pullback from the 77.0 level.
EURAUD - REVERSAL INBOUNDEURAUD has been in a descending channel since late last year. We can see that price is in a clear channel. We could've traded within the parameters of the channel using levels of interest and trendline breaks.
Once the channel is broken, await a correction and retest before entering and holding.
See links below for more information about this idea and why we're anticipating a reversal.
Trade Safe!
EURAUD - REVERSAL INBOUNDEURAUD has been in a descending channel since late last year. We can see that price is in a clear channel. We could've traded within the parameters of the channel using levels of interest and trendline breaks.
Once the channel is broken, await a correction and retest before entering and holding.
See links below for more information about this idea and why we're anticipating a reversal.
Trade Safe!
EURAUD is facing bearish pressure, potential for further drop Price is facing bearish pressure from our first resistance in line with our horizontal overlap resistance, 38.2% fibonacci retracement and 61.8% fibonacci extension where we could see a further drop below this level to our first support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
EURAUD// Short OpportunityReasons Not to Enter:
1. Strong bull momentum
2. No clear signs of reversal
3. Still expecting News
4. May be too easy of a trade, possible spike/breakout
5. Decent Support on the Weekly TF.
6. Pierced BB on Weekly.
There will be a possible short opportunity if price can satisfy the needs listed on the chart.
Let me know your thoughts.
EURAUD ABOUT TO POP!!EURAUD is going to fall nicely soon and it should give us over a 10 percent return for one trade. We've had another great week here at forexinsightsuk and we still have one more trading day left. We have taken full advantage of our watch list this week and have seen mega returns. We are staying humble and will constantly keep the grind going with the markets. What a day!
We entered this pair earlier and will be sitting on it for the next few hours while we monitor the pair carefully to see when we can bank profits. Good luck to anyone that has taken this trade.
EURAUD ANALYSISBearish wave (a) ended at level 1.5560
then corrective bullish wave (b) rejected from major downtrendline and 50% Fibonacci level at 1.5634
Pair is based below resistance level at 1.5600
Below SMA 100
RSI is below level 50
MACD shows start of bearish momentum
It's expected forming bearish wave (c) to target level 1.5480