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Eur-aud

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
Long
by FXtrades-gp
12
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
by BKTradingAcademy
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. –––– 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.
Short
by InkyGrip
4
EURAUD: A new BULLISH Impulse? Hi 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 end of December 2020, the price has been moving with a strong bearish impulse, reaching and bouncing few times on the main support level at about 1.56000. The price created an interesting possible double bottom pattern on the level, starting a new ascending channel on the 27th of January 2021. It is currently re-testing a S/R zone at about 1.58300, moving very close to its dynamic support line and the next price action around that zone will be essential to understand the next market movement. If you wish to have a quick look on my previous EURAUD analysis, you could click the link below 👇 🔴 Conclusion : The price was following a clear downtrend and a double bottom pattern in this specific circumstance could be an interesting sign of market reversal. I can see the market moving with a nice uptrend and I'm confident to see it bouncing on the current S/R level before moving up with a new bullish impulse. I'll definitely keep this market in my watchlist and I'll be waiting a proper rejection before entering long in 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
Long
by FXtrades-gp
8
EurAud should be continuing to rebounce upwards....upwards bias more... If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! 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. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Long
by Shadowing_The_Big_Boys
EURAUD trend reversal Yesterday we saw the possibility of reversing the trend at EURCAD. Today we observe EURAUD. This week we saw a break, a higher bottom, and yesterday the price managed to make a higher peak. All this signals the depletion of the downward direction. This allows us to search for purchases to: 1.6020 and 1.6230 This scenario fails when the previous bottom breaks! If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
Long
by ForexTrendline
1
EURAUD: Bearish TheoryTwo global economic crises so close together in world history, what are the odds? In 2008, the USA stock market bottomed out and began it's recovery just as the EURAUD pair hit a top and sold off. This correlation to the SPX, from a global market view, is interesting because there is such a great shift from negative 80 to positive 80 in a 4 year span after the 2008 recovery. It will be interesting to learn how this trend plays out in the coming years. The correlation coefficient has been dropping as the prices are starting to diverge negatively again. If it's anything like last time, we could be starting a long-term bearish trend in the pair. Or, the positive correlation holds strong and leads the pair up during the recovery. Or, the least likely scenario, the correlation holds but the pair drops like last time and the SPX goes down with it. Check back in three years.
by The_Arena_Trader
1
EURAUD for a lower low? 🦐EURAUD is moving inside a descending channel. The price after the bounce on the weekly support retraced back until the 0.618 at the retest of the resistance. IF the market will break below, according to Plancton's strategy, we can 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.
Short
by InkyGrip
6