EURAUD - Trend-Following Buy Setup!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
EURAUD is overall bullish trading inside the rising channel in red.
Moreover, the zone 1.60 is a support zone .
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline.
As per my trading style:
As EURAUD is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Eur-aud
EUR/AUD in focus for RBA meeting and eurozone CPIWith the RBA due to meet and eurozone CPI data released tonight, EUR/AUD has caught our eye. It remains within a strong uptrend on the daily chart, although a bearish-outside day ahs slammed prices down to a 4-day low. But we’re keen on long opportunities if prices can remain above 1.6400, given the levels of technical support nearby including the 2021 high, 10/20day EMA’s and monthly pivot point. The initial target is 1.6800, a break above which brings the 1.7000 handle into focus.
EURAUD price action looks to be forming a top.EURAUD - 24h expiry - We look to Sell at 1.6345 (stop at 1.6401)
Previous support located at 1.6300.
Previous resistance located at 1.6350.
Price action looks to be forming a top.
The trend of higher intraday lows has also been broken.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.6350, resulting in improved risk/reward.
Our profit targets will be 1.6215 and 1.6200
Resistance: 1.6350 / 1.6400 / 1.6425
Support: 1.6250 / 1.6200 / 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.
Euraud looks good to rally higher
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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 confirming an Ending Diagonal Pattern? Today’s focus EURAUD
Pattern Ending Diagional
Possible targets 1.6045 - 1.5905
With the AUD pushing higher on Tuesday, pressure has resumed on the EURAUD. Price looks to have formed an ending diagonal, and today sellers have started to confirm the pattern with a new move breaking the pattern.
Ending Diagonal patterns are best seen at the top of trends and can be a forewarning that a change in momentum is on the cards, but we need to see the pattern complete and be confirmed by a breakout.
From here, we want the break to continue with a new move down to the target areas confirming the move. Traders should be wary of a new fightback that closes back inside the ED pattern. A lot will come down the AUD and if it can continue to hold its current run.
Good trading.
The Dollar Could Takeout $100.6Expecting weakness in the dollar this week. Monthly and weekly time frames are bearish. The daily timeframe is in a correction which appears to be complete. We will need to see an H4 break of structure to the downside by tomorrow in order for the daily to resume its decline.
EURAUD to find support at market?EURAUD - 24h expiry - We look to Buy at 1.6275 (stop at 1.6230)
Previous support located at 1.6300.
Previous resistance located at 1.6400.
We can see no technical reason for a change of trend.
Further upside is expected. Trend line support is located at 1.6300.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 1.6385 and 1.6415
Resistance: 1.6400 / 1.6450 / 1.6500
Support: 1.6300 / 1.6250 / 1.6200
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Joe Gun2Head Trade - Major resistance EURAUDTrade Idea: Selling EURAUD
Reasoning: Major resistance on the daily.
Entry Level: 1.63764
Take Profit Level: 1.6226
Stop Loss: 1.6447
Risk/Reward: 2.28/1
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EURAUD: Buy the pull backThe EURAUD pair is on a Double Channel Up pattern, supported by the 4H MA50 with the 4h technicals indicating a smooth uptrend (RSI = 64.590, MACD = 0.003, ADX = 25.499). The 4H RSI being under an LH trendline suggests that soon we will see a short term pullback similar to March 12th and March 30th. We are buying the contact with the 4H MA200 and aim at a 2.30% rise (TP = 1.65450).
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A SELL SETUP ON EURAUDHey Traders,
Check this analysis it on EURAUD, and let me know what you think.
The pair is at the weekly supply / resistance zone and it has been retested 3times already (that could be be a weakness or strength).
So it is very important to wait for what the market will do, since there are little to no volatility in the market since Monday, rushing into any trades right now could be a mistake or good thing.
Watch out.
Potential long swing trade for EUR/AUDEUR/AUD closed lower for five consecutive days last week during a week of volatility and turbulence. With the Fed and five other central banks announcing a coordinated effort to provide liquidity for US swaps, and UBS agreeing to purchase Credit Suisse over the weekend, perhaps there's potential for it to confirm a swing low.
Last week's low found support at the 20-day EMA, trend support and 38.2% Fibonacci ratio and the daily closes held above the monthly R1 pivot.
The bias is for a move towards 1.6100 (monthly R1 pivot) whilst prices hold above last week's low - or trend support can be used to fine-tune risk management.
Possible Sell Trade Setup On EURAUDHey Traders,
Check EURAUD out, the pair has been on a very tight uptrend after breaking above the upper band of the WEEKLY descending channel.
Now, the market got a fast rebound from the OB, and then commence a new bearish trend phase to retest the broken band or make a deeper flow below.
Additionally, the price made a complete Head and Shoulder pattern and could support the take on the bearish momentum.
The worth looking into.
EURAUDHi
EURAUD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
EURAUD is preferred to buy on dips.EURAUD - 24h expiry - We look to Buy at 1.5900 (stop at 1.5800)
Previous support located at 1.5900.
Previous resistance located at 1.6000.
Trend line support is located at 1.5900.
We can see no technical reason for a change of trend.
We expect a reversal in this move.
Our profit targets will be 1.6150 and 1.6200
Resistance: 1.6000 / 1.6100 / 1.6150
Support: 1.5900 / 1.5850 / 1.5800
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.
EA potential turning point at 1.57...get readyEither waiting for the double top to break down OR if this level which is a key area on higher timeframe holds, then likely looking for long as higher timeframe is still on the upside.
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Hello there!
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!