Eur-aud
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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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 - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for EURAUD .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
EURAUD:A new trend is born?Hey Traders, Commodities are showing some outperformance signs.. and this is due to indices bullish bias at first place that correlates positively with the Aussie and the New Zealand Dollar. Technically we have noticed a breakout of the uptrend so i will be watching a potential retrace the next week around 1.571 zone.
Feel free to ask any question in the comment section.
Trade safe, Joe.
EURAUD looking up 🦐On the 4-hour chart of EURAUD , we can see that the price has been in a descending trend until it tested the weekly support level . After hitting this level, the price started to move in a potential bullish direction with a series of equal highs and higher lows. This is a good sign of a potential trend reversal.
The price is currently trading below the resistance level at 1.56200, which has acted as a strong barrier for the past few days. If the price manages to break above this resistance level , it could be a signal of a potential long order. The next resistance level to watch out for would be around 1.57000.
Therefore, based on the current price action and technical analysis , we can consider a long order if the price breaks above the resistance level at 1.5620o and the MTB strategy will be satisfied. However, it's important to keep an eye on the price action and adjust the trading strategy accordingly as the market can be unpredictable.
Bearish outlook on EURAUDThe EURUD is currently retesting the daily supply zone making it the first time in over 1 month to retest that area.
Technically, i am expecting some fight at that zone from the buyers trying to push it a bit higher, but above that is the 2023 All-time high (Weekly Supply zone - OB).
So, you can positing yourself ahead of the fall coming in hot, sooner than later.
EURAUD to find support at next support?EURAUD - 24h expiry - We look to Buy at 1.5350 (stop at 1.5250)
Previous support located at 1.5350.
Previous resistance located at 1.5500.
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.5500 will confirm the bullish momentum.
Our profit targets will be 1.5600 and 1.5650
Resistance: 1.5500 / 1.5600 / 1.5650
Support: 1.5350 / 1.5300 / 1.5250
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EURAUD Potential for Bullish Rise towards previous swing highLooking at the H4 chart, my overall bias for EURAUD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 1.54488, where the overlap support is. Stop loss will be at 1.53332, where the recent swing low is. Take profit will be at 1.57508, where the previous swing high is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURAUD Potential for Bullish Continuation | 7th February 2023Looking at the H4 chart, my overall bias for EURAUD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 1.54488, where the overlap support is. Stop loss will be at 1.53332, where the recent swing low is. Take profit will be at 1.57508, where the previous swing high is.
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A further Bullish run for EUR/AUDI am anticipating for a retest of the broken intraday resistance zone that NFP broke last Friday, and should be used a s new demand are for further bullish run on EURAUD.
The 14-period RSI is above 73.3 overbought level.
It is very normal for a systemic pullback that can help late entry traders to join the bullish run and target the previous OB waiting at 1.5725.
Might have somemore upside to 1.57?As per discussed before start of last week, euraud hit a key Support and bounced up strongly last week.
Can it go higher to test 1.57 zone again?Let's See.
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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!
RLinda ! EURAUD-> Continuation of the fall from resistance EURAUD has been in a strong downtrend for quite a long time.
The price is forming a technical pullback from the limit support zone 1.52800. The resistance zone is of key importance against the backdrop of the downtrend. Earlier, after the upward shakeout, the price returned to the range again and we can say that there are no prerequisites for the price to exit the channel yet.
I believe that in the nearest future the price will test the resistance area of the downtrend and will continue its fall to 1.528.
Regards R.Linda!
Joe Gun2Head Trade - Major support on the daily EURAUDTrade Idea: Buying EURAUD
Reasoning: Major support on the daily, ending wedge on the 60min
Entry Level: 1.5324
Take Profit Level: 1.5520
Stop Loss : 1.5260
Risk/Reward: 3.02:1
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