EURAUD Still on Bull Run or Shorting Will Start {22/08/2023}Educational Analysis says EURAUD may move in this range for some time according to my technical.
Broker - FXCM
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because EURAUD is in an uptrend from a very long time.
There is a lot for stop loss orders under every new higher low.
Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high.
Let's see what this pair brings to the table in the future for us.
The Red line is the high and low of the current price.
If any trade setup I may find please check in the comment section.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
EURAUD
EURAUD - Trade PlanFAIL TO PLAN - PLAN TO FAIL
So this trade plan is fairly simple.
Rules to Follow
1. First and foremost, we need a break and hold above the descending trendline
2. Second, if or once we get the bullish breakout, we need price-action to pull back approx 50% of the bullish breakout impulse. This setup doesn't need a full pullback to support, which is currently triangle descending resistance.
3. Enter a small enough lot size to allow an additional equal or slightly larger lot to be executed again on the long side if price-action happens to go against the trade by 100 pips.
On the chart, I left a comment in yellow showing where I plan to add a second long entry.
If all out fails and price action breaks above the descending trendline and then decides to close back below this trendline that I'm referring to, I'll exit the trade and book a loss.
That's it - That's all
Trade Safe!
#EURAUD: 400+ pips easy target! Dear traders,
Hope you are doing great, with EURAUD we think price of this pair will soon drop. There are two factors first one is price already rejected multiple times and then price dropped, this technical view indicates that price will drop further as we move ahead. Secondly, fundamental side support our view, gold is expected to rise and break all time high record if the data indicates us dollar weakness. gold and aud is positively correlated which means they follow the same trend.
like and comment if you agree with the idea ! got any question comment down below. ;)
Is a simple zigzag enough?? or correction of a larger degreeHello!
I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market.
While I would like to share my analysis with you, please note that I am not providing a buy or sell signal. My primary intention is to share my unbiased analysis so that you can utilize it as a guide to make an informed decision.
To build your confidence in my analysis, I always share my previous analysis from the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand.
I hope that my analysis is useful to you in your business journey, and I wish you all the best.
I am looking forward to hearing from you. Lastly, I would like to mention that like-mindedness and support, comments, and likes are the most important pillars of progress, just like support points in the financial markets. They give me the energy to continue and share more ideas with you.
Sincerely
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.
EURAUD H4 | Approaching 38.2% Fibo resistanceEUR/AUD is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target.
Entry: 1.62571
Why we like it:
There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 1.63207
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement level level
Take Profit: 1.61498
Why we like it:
There is a pullback support level
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EUR/AUD H4 | Downward pressures remainEUR/AUD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.62539 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 1.63300 which is a level that sits above a pullback resistance and the 61.8% Fibonacci retracement level.
Take profit is at 1.61495 which is a pullback support level.
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EURAUD - Wait For It ⏱Hello TradingView Family / Fellow Traders,
📈 EURAUD has been overall bearish , trading inside the falling channel in red and it is currently approaching the lower red trendline.
Moreover, the zone 1.6 is a robust support level.
🎯 Therefore , the highlighted red circle represents a significant area to consider for potential buy setups, as it marks the intersection of the green support and lower red trendline.
📚 As per my trading style:
As EURAUD approaches the red circle zone, I will be actively searching for bullish reversal setups to capture the next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
EURAUD Looking BullishIn my assessment, the EURAUD chart displays an exhaustion gap, hinting at a potential rise in prices. Be cautious in your trading decisions.
From my viewpoint, I've recognized an exhaustion gap on the EURAUD chart, indicating a likelihood of an upward trend. Exercise prudence in your trades, and I extend my best wishes for your success
EUR/AUD LONG FROM SUPPORT
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 1.630 level.
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EURAUD Will Go Higher From Support! Long!
Take a look at our analysis for EURAUD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.623.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.634 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
EURAUD Trading Opportunity! BUY!
My dear followers,
I analysed this chart on EURAUD and concluded the following:
The market is trading on 1.6201 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.6325
Safe Stop Loss - 1.6144
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
EURAUDEURAUD is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price is about to give breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 1.6520 followed by 1.6800.
What you guys think of this idea?