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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Eur-aud
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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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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Buying EURAUD at previous resistance.EURAUD - 24h expiry - We look to Buy at 1.5620 (stop at 1.5550)
Previous support located at 1.5600.
Previous resistance located at 1.5700.
There is no indication that the rally is coming to an end.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.5600 will confirm the bullish momentum.
Our profit targets will be 1.5800 and 1.5850
Resistance: 1.5700 / 1.5800 / 1.5850
Support: 1.5600 / 1.5550 / 1.5500
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EURAUD Bullish long-term. Bearish below 1D MA200.The EURUAD pair made a big bullish break-out in late December as it broke above the Bearish Megaphone structure that it has bene trading in since late 2020. The past 3 weeks however have been marked by a retrace, even below the 1D MA50 (blue trend-line) which was the Support before.
Potentially a new Channel Up may be dictating the new bullish trend and that was the formation of the new Higher Lows, so as long as it holds, we are bullish targeting 1.6000 and then 1.62350 (bottom of the long-term Resistance Zone).
We will open long-term sells only if the price breaks below the 1D MA200 (orange trend-line). In that case, 1.4800 will be the first target.
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Euraud should be having more downside!After the breaking of a key support last week, i had been bias to short its rally on lower tf..e.g. h1.
same for coming week i feel.
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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!
EURAUD healthy uptrend EURAUD on the daily seems like a pullback for entries to go long on lower timeframe.Do watch for any.Wait for stars to align! :)
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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!
EURAUD - Follow The Trend! 📉Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
EURAUD is overall bearish trading inside the brown falling broadening wedge pattern, and it is currently sitting around the upper brown trendline.
Moreover, the zone 1.60 is a strong resistance zone .
📊 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper brown trendline. (acting as non-horizontal resistance)
📕 As per my trading style:
As EURAUD is around the purple circle zone, I will be looking for bearish reversal setups (like a double top 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