EURAUD: Bearish Continuation & Short Signal
EURAUD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURAUD
Entry Point - 1.6587
Stop Loss - 1.6622
Take Profit - 1.6513
Our Risk - 1%
Start protection of your profits from lower levels
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EURAUD
EURAUD Is Bullish! Long!
Please, check our technical outlook for EURAUD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.648.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.652 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EURAUD OUTLOOKEURAUD FEB WEEK 5 OUTLOOK -
Daily - Exactly same as last week. Long bias still alive till price is above the 1.64458 - 1.64001 zone. if price manages to get absorbed in this zone, I will look to go long.
Origin - price has already escaped the entry area for me. but I will look to enter long upon pullback to zone 1.64947 - 1.64768 i.e. I will look for price to get absorbed in that zone and then once price holds above the higher end of the zone, I will look to enter long to take it up to 1.65287
EURAUD I Ranging but expect price to react from EUR CPI data Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURAUD My Opinion! BUY!
My dear friends,
Please, find my technical outlook for EURAUD below:
The instrument tests an important psychological level 1.6472
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.6521
Recommended Stop Loss - 1.6445
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EurAud- Heads up for a 500 pips potential dropSince mid-August of last year, FX:EURAUD has been consistently forming lower highs on our chart, negating a bullish trend that spanned over a year, a trend which was negated back in December.
This year, the pair has entered into a distribution phase, with a high likelihood of establishing a new lower high.
Over the past month and a half, bears have sold every rally, particularly those near or slightly above 1.66.
With the pair returning to the support zone, there is a strong possibility of a downward breakout.
In such a scenario, EURAUD could accelerate its losses, potentially dropping below 1.6, a movement of around 500 pips.
Moreover, such a trade could potentially offer a remarkable risk-to-reward ratio of 1:4 to 1:5.
EURAUD Is Going Down! Short!
Here is our detailed technical review for EURAUD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.648.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.643 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EURAUD H4 | Potential bullish breakoutEUR/AUD is rising towards a breakout level and could potentially break through this level to climb higher.
Buy entry is at 1.65028 which is a potential breakout level.
Stop loss is at 1.64420 which is a level that sits under a pullback support.
Take profit is at 1.65585 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.
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EURAUD| 4 hour reversal turned trend continuationAmid the reversal when price passed 1.64768, price has made a new lower low this morning.
I'm anticipating a pullback before another sell off towards 1.64300.
Price could decline further before pulling back and if thats the case, but whats most important is price stay below 1.65054 for price to remain bearish in this moment.
Are you in the same ballpark or opposite this week?
EUR-AUD Bearish Breakout! Sell!
Hello,Traders!
EUR-AUD was trading along
The rising support line
But now we are seeing
A bearish breakout
So I think that after the
Bullish correction, we will
See a further move down
Sell!
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EURAUD 300pips MONSTER SELL incoming.... READ!EURAUD is now below the HALF QUARTER level. With DXY looking Bearish we can expect EURAUD to run to the downside about 300pips.
We expect a little PULLBACK ABOVE the BLUE KEY ZONE, followed with an EXTREME SELL OFF.
This is one of those setups that will get you FUNDED real quick.
EURAUDIs EURAUD exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1.6300.
What you guys think of it?
EUR/AUD SENDS CLEAR BULLISH SIGNALS|LONG
Hello,Friends!
We are now examining the EUR/AUD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.655 level.
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EURAUD - Long to resistance ✅Hello traders!
‼️ This is my perspective on EURAUD.
Technical analysis: As we can see here price is in a range for couple of weeks, so I expect to see a rejection from support zone + institutional big figure 1.65000. My target is resistance zone.
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EURAUD I Bearish market structure and more potential downside Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and 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!
EURAUD Will Go Up! Long!
Take a look at our analysis for EURAUD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.650.
The above observations make me that the market will inevitably achieve 1.654 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
EURAUD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
EURAUDWhat is likely to happen next?
It takes 2 points to show that a trend is valid but takes 3 points to show that a trend is confirmed. Looking forward to see a heavy rejection at current price level. We may get a retracement if the area is rejected, but keep in mind the long trend is heavily BULLISH. Because we are in a descending channel which equals to BLL RUN. Pullbacks or retracements are inevitable.
At this point I will just watch the market behavior and patiently wait before I take any position. Whether long term buys or short term sells.