EUR AUD OPPORTUNITYAFTER TOUCHING THE RESIS at 1,569 the price might go on a bullish uptrend , or loosing volatilty and drop down .
Eur-aud
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 is facing bearish pressure, potential for further drop Price is facing bearish pressure from our sell entry, in line with our graphical area, 38.2% fibonacci retracement and 61.8% fibonacci extension, where we could see a further drop below this level .
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.
EUR AUD BUY (EURO - AUSTRALIAN DOLLAR)Hi there.
Price is moving impulsively to the upside. Wait for the price to form a continuation pattern and watch strong price action for buy.
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
EUR AUD BUY (EURO - AUSTRALIAN DOLLAR)Hi there. Price is forming a reversal pattern to change its direction.
Watch strong price action at the current levels for buy.
EUR AUD strong support level as you can see the price rolling now on this strong support line . the trend is down so it is more safe to sell . let is see this retest will go down this support level . and sell . if the price go up we can sell from the yellow box .
1H frame give it look
EURAUD: BUYPrice closed right near a very nice BUY zone on EURAUD last Friday, Feb 12th.
We can expect a potential entry for Bulls this week right around 1.56176 , take profit area around 1.57205 up to 1.57534 .
Support line is at 1.55994 , if price continues to stay above this level, we can expect that profit-taking for Bulls this week/month can take place.
EURAUD: The price is Confirming the DOUBLE BOTTOM PatternHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
EUR/AUD
⚪ Technical Analysis :
Since the 2nd of February, the price has been following a strong downtrend, breaking through two S/R zones at about 1.57700 and 1.57000.
Few days ago, on the 8th of February, the price reached the main support at about 1.56000, re-testing the same zone twice, creating a possible double bottom pattern.
It is currently moving up trying to reach its next S/R zone at about 1.57000 and a clear pinbar on the main support could be a interesting sign of strong rejection.
🔴 Conclusion :
I'm confident to see a bullish movement, considering its previous strong downtrend, I think it's time to get a correction and my target would be the S/R zone at about 1.57900, matching with the 0.61% of Fibonacci retracement.
I'll be waiting the breakout of the level 1.57000, confirming the validity of the pattern and only after this condition I'll plan my long position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
EURAUD ANALYSISEURAUD rebounded from demand zone at level 1.5600 with bullish movement
Price broke minor downtrendline
MACD shows start of bullish momentum
RSI is above level 50
It's expected to target HVN at level 1.5747
then finally target major downtrendline corresponding to key level at 1.5790
EUR/AUD Analysis - Will possibly break daily/weekly supportWelcome back! Please support this idea with a LIKE if you find it useful.
*** EUR/AUD - Price is currently re-testing the previous week's support. We'd like to see a push lower and will be waiting for a break of support before considering any shorting opportunities. If you trade B-Swing, we recommend setting an alert as this will be a good risk to reward opportunity if it heads for 5400 zone.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian Kenya Horton, BK Forex Academy
EURAUD ona bearish outlook 🦐EURAUD after the double bottom over the weekly support is now turning again into a bearish outlook.
According to Plancton's strategy, if the price will break below, we can set a nice short order.
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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.
EURAUD: Structure Breakout & Bearish Continuation
EURAUD broke and closed below a strong support level on 4H.
On hourly the price has formed a double top formation, retesting a broken level.
With a lower high, chances are high that bearish pressure will proceed.
Goals:
1.5709
1.5693
