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Eur-aud

Sell EURAUD Triangle BreakoutThe EUR/AUD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a triangle pattern. Potential Short Trade : Entry: Below the broken support line of the triangle, ideally around 1.6570 after confirmation. Target Levels: 1.6477: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected downwards from the breakout point. 1.6420: This is a further extension of the downside target, based on the height of the recent price movement. Stop-Loss: Place a stop-loss order above the broken support line of the triangle, ideally around 1.6610. This helps limit potential losses if the price fails to break out and reverses upwards. Thank you.
Short
by KABHI_TA_TRADING
4
EURAUD to continue in the downward move?EURAUD - 24h expiry The medium term bias remains bearish. A higher correction is expected. The sequence for trading is lower lows and highs. Rallies should be capped by yesterday's high. Preferred trade is to sell into rallies. We look to Sell at 1.6480 (stop at 1.6516) Our profit targets will be 1.6390 and 1.6370 Resistance: 1.6480 / 1.6510 / 1.6550 Support: 1.6420 / 1.6385 / 1.6345 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EURAUD Strong sell opportunity within the Channel Down.Last time we made a call on the EURAUD pair (January 02, see chart below), we caught the best buy entry right at the bottom of the former Channel Down that easily hit our 1.6600 Target: This time we are presented with a strong sell opportunity as the price just broke yesterday below the March 07 Support, making a new short-term Lower Low. This confirms the longer term bearish extension towards the Channel Down bottom for a new Lower Low. We are going for a standard (for this Channel Down Bearish Legs) -4.25% decline from the top, targeting 1.60350. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
EURAUD resistance continues to cap gains.EURAUD - 24h expiry The medium term bias remains bearish. Price action looks to be forming a top. The sequence for trading is lower lows and highs. Rallies should be capped by yesterday's high. Bespoke resistance is located at 1.6560. We look to Sell at 1.6560 (stop at 1.6596) Our profit targets will be 1.6470 and 1.6450 Resistance: 1.6560 / 1.6590 / 1.6630 Support: 1.6500 / 1.6460 / 1.6420 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EUR AUDMy analysis on EUR AUD, I use limit orders so I don't need to be in front of the chart all day. To consider this a good entry there are certain criteria to follow: 1. Clean BoS with IMB. 2. * Look for areas where liquidity has been purged. 3. * Stochastic: in uptrend 0-15, in downtrend 85-100. ( * ) = Not optional but increases our probability. I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3. Trade carefully This is not financial advice, DYOR.
Short
by betimmavriqi
Euraud likely more upside coming?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! Believe that this is a lower timeframe bullback for more upside. Let's see. -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
Long
by Shadowing_The_Big_Boys
1
Sell EURAUD Channel BreakoutThe EUR/AUD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.6620, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.6525 and 1.6479. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.6660. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
6
EURAUD - BOOM! 450pip Target Hit! What's Next?In our last analysis we identified a perfect breakout trade. We explained exactly how to enter - both risk entry and safe entry depending on your appetite. Setup played out perfectly resulting in a massive 450pip gain! What we now have is a typical correction before the next breakout. We could create a complex abc correction so if looking to trade the next breakout, just be wary that we may reject the recent highs and then come down once again to complete the complex correction. Trade Idea: - Watch for the next breakout - Risk entry on bounce off fib levels - Safe entry on break of the red trendline - Target the recent highs as first targets and breakeven (350pips), longer term target 1.7 (700pips) Goodluck and as always, trade safe! See our previous setup below.
by WicktatorFX
Euraud a pullback to be supported and bounce?Tradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Watching for this pullback on lower timeframe to play out and hold , then look to long Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
by Shadowing_The_Big_Boys
EURAUD to continue in the upward move?EURAUD - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. The RSI is trending higher. Risk/Reward would be poor to call a buy from current levels. A move through 1.6450 will confirm the bullish momentum. We look to Buy at 1.6410 (stop at 1.6370) Our profit targets will be 1.6510 and 1.6535 Resistance: 1.6450 / 1.6490 / 1.6500 Support: 1.6425 / 1.6415 / 1.6400 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURAUD Trading plan on a Channel Down and a 1D Death Cross.The EURAUD pair has been trading within a Channel Down pattern since the August 17 2023 High. The price is now very close to the bottom (Lower Lows trend-line) of the pattern, which makes it a technical buy opportunity. As long as it is closing the 1D candle above the bottom, we will be bullish, targeting the top (Lower Highs trend-line) just above the 0.618 Fibonacci retracement level (as on October 23) at 1.66000. Since however the price action just formed a 1D Death Cross today, it is equally likely to see a bearish extension so if it closes a 1D candle below the Channel Down, we will take the (minimum) loss and sell instead, targeting Support 1 at 1.58500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
EURAUD Downtrend Watch: Navigating the 1.63000 ZoneGreetings Traders, In tomorrow's trading session, our attention is on EURAUD as we actively explore a potential selling opportunity around the 1.63000 zone. Engaged in a downtrend, EURAUD signifies a sustained downward trajectory, reflecting prevailing market sentiment. Concurrently, the currency pair is undergoing a correction phase, steadily converging towards the trend at the pivotal 1.63000 support and resistance area. This numerical level bears significance as both a historical support point and a crucial juncture where the correction may intersect with substantial market forces. As traders prepare for tomorrow's session, a strategic approach involves a thorough assessment of optimal entry points within the identified 1.63000 zone. Aligning trading decisions with the ongoing downtrend and potential market dynamics at this critical support and resistance area is imperative. The convergence of the correction phase with historical support presents a compelling scenario for traders eyeing a potential selling opportunity.
Short
by JoeChampion
EURAUD continues to hold back the bears.EURAUD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 1.6150. Price action looks to be forming a bottom. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 1.6225 will confirm the bullish momentum. We look to Buy at 1.6190 (stop at 1.6154) Our profit targets will be 1.6280 and 1.6300 Resistance: 1.6250 / 1.6285 / 1.6300 Support: 1.6200 / 1.6175 / 1.6150 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURAUD Potential DownsidesGreetings Traders, In today's trading session, our focus is on EURAUD as we actively monitor a potential selling opportunity around the 1.62200 zone. Operating within a downtrend, EURAUD exhibits a sustained downward trajectory. Concurrently, the currency pair is navigating a correction phase, gradually converging towards the trend at the critical 1.62200 support and resistance area. This numerical level bears significance as both a historical support point and a pivotal juncture where the correction may interact with noteworthy market forces. Trade safe, Joe.
Short
by JoeChampion
1