EURAUD: Be profitable!Hello traders,
We need the pair to take these 3 steps!
1- breaking the bullish trend line
2- fully break over the level
3- a reversal to around 1.6710
Then we'll long the market!
We'll set 2 TPs
EURAUD
EURAUDEURAUD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH
What you guys think of this idea ?
EURAUD I Intraday long from support Welcome back! Let me know your thoughts in the comments!
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euraud . Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURAUD LongPotential EA long idea.
we have a currently running EA long swing position on weekly.
we have been looking to trade EA to the long side on intraday basis since last week and we have had 1 win and 1 loss on it.
last time I lost I went long as EA pulled back to 8 on daily and SL got hit.
EA tagged 20 on weekly and bounced right back up.
today we are looking for EA to pull back to CPR (tag and rejection) and PD AVWAP in London session and go long with SL beneath CPR / V block.
Running Flat or Expand FlatGreetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
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However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
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No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
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Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
The fourth wave in the wave degreeGreetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
EurAud Long With Nice Risk : RewardCurrently after the drop…I see euraud started to react to the upside from the obzone. Personally I bought on imbalance zone. Currently market is reacting from better bargain, from the ob zone. This is worth to take chance I think. And I have defined the invalidation price as well.
Trade with care and your own risk management.
All the best.
Cheers
EURAUD Risky Short!EUR-AUD broke out of the
Rising channel so despite
The pair being in the uptrend
A local bearish move down
Can be expected!
EURAUD LongI have been bullish on EA since last Monday and have a swing trade running on the weekly TF. this seems like a good opportunity to add on to that trade on a pullback to 8 on daily.
rest of technical details on the chart.
EURAUD some more upside to 1.686?Eur has been pretty strong past period against aud, has been in my watchlist /tradelist as well.
Should have bit more upside. Let's see
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EURAUD continues in the upward move.EURAUD - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.6825 will confirm the bullish momentum.
Short term RSI is moving higher.
We look to Buy at 1.6750 (stop at 1.6690)
Our profit targets will be 1.6900 and 1.6930
Resistance: 1.6850 / 1.6900 / 1.6925
Support: 1.6750 / 1.6700 / 1.6675
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Trade Plan for EUR/AUDTrade Plan for EUR/AUD in a Bullish Trend:
Trade Objective: Exploit the ongoing bullish trend in EUR/AUD with a breakout strategy.
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Market Analysis:
Pair: EUR/AUD (Euro/Australian Dollar)
Timeframe: 1-hour (1H)
Market Condition: Strong bullish trend with no signs of reversal patterns or divergences.
Entry Strategy:
Entry Point: Place a Buy Stop order at the price of 1.6847 to enter the trade if the market breaks above the current Highest High (HH).
Stop Loss (SL): Set the stop loss at 1.6742 to limit potential losses.
Take Profit (TP):
TP1: Place the first take profit level at 1.6953.
TP2: Set the second take profit level at 1.7060.
Risk Management:
Ensure that the risk-to-reward ratio is reasonable and aligns with your trading strategy.
Only risk a predetermined percentage of your trading capital, typically not exceeding 1-2% per trade.
Monitoring and Adjustment:
Continuously monitor the trade for any signs of trend reversal or unexpected news events.
Consider adjusting the stop loss to a breakeven point as the trade moves in your favor.
Exit Strategy:
Close the position at TP1 or TP2 if reached.
Exit the trade if you observe signs of a trend reversal or if the market moves against you.
Remember that while this plan is tailored to the current market conditions, it is essential to exercise prudent risk management and remain vigilant. Stay updated on market developments and consider following professional advice or additional market analysis for a well-rounded trading strategy.
EURAUDWe are looking at a possibility of sell set ups. We are in a major bearish trend that is presently correcting itself.Should we have a break of structure, we will look for sell set ups targeting the liquidity below the lower structure.
EURAUD seems to be going upEURAUD has reached the floor of the daily ascending channel and 61.8 daily Fibonacci, and according to the formation of the head and shoulder pattern and the break of the neckline, it can reach the specified targets respectively.
Trading plan for EURAUD : continue downEA - I also recommended a plan short before
You can see that trend is contiuous
Have a support, but i think it will break out and down more
Sell when price pull back EMA21 (h4)
EURAUD - Long after retracement ✅Hello traders!
‼️ This is my perspective on EURAUD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.66000.
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EURAUD Long1 of the potential idea for today is EA long if the conditions in the image remarks are fulfilled. we have a swing long position opened at the start of this week running. this will be an intraday long and if runs, a chance to add on to the swing position.
EURAUD - 4hrs ( Buy Trade After Retest / Tp Range 240 PIP )Pair Name : EUR/AUD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( ❗️ Long After Retest )
Type : Mid Term Swing
——————————
🏳️ Bullish Retest
1.66600 Area
Reasons
- Major Turn level / D
- Visible Range lvn
- Day High / week high
- Choch Area
- Fibo Golden
🏳️Bearish Reversal
1.69000 Area
Reasons
- Major Turn level / D
- Choch Area
- Month High
- Value Area
- Fibo 1.61 %
EURAUD possible forecastPrice has just recently had a MSS to the upside. It is now currently approaching a previously established supply zone that it could use to retrace into the deeper 4h structure to take out liquidity and mitigate a demand zone it left during the expansion. It is this very same demand zone that price could use to expand further up to take out the external daily swing high.
EURAUD 📈Long, Swing TradeEUR/AUD TECHNICAL ANALYSIS, Long, Swing Trade
📣EUR/AUD fell to multi-month lows in late September but started to rebound soon after. The negative market sentiment due to heightened geopolitical tensions in the Middle East reinforced the pair’s recovery, pushing prices towards the 50-day exponential moving average and the 50% Fibonacci retracement of the August/September decline. This area currently presents a formidable hurdle for the bulls (~1.6700).
Looking ahead, traders should keep a watchful eye on two critical technical levels: overhead resistance around 1.6796 and 1.6899 and short-term trendline support at 1.6545, which also roughly coincides with the 100-day simple moving average.
When considering potential outcomes, a resistance breakout could send EUR/AUD towards 1.6796. In the event of sustained strength, the spotlight will shift to this year’s peak. Conversely, if support is breached, sellers may be emboldened to drive prices towards 1.6400. Below that threshold, attention will shift to the lows observed in September.
📣Indicators:
As we can see the two moving average in our Gogo trend indicator has changed to Blue in color and fast MA above slow MA which means it is in uptrend.
Moreover, the Currency strength indicator at the bottom of the chart shows EUR (orange line) turns up and is going to cross with AUD (deep blue line), it is a sign this currency pair will has a obvious trending status.
📣Reference from tradingview.com, it shows EURAUD and EURNZD in Strong Buy as well.
www.tradingview.com
www.tradingview.com
EURAUD H4 | Reacting off resistance?
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.6732, which is an overlap resistance.
Our take profit will be at 1.6633, a pullback support level. The stop loss will be placed at 1.8620, which is above the resistance level.
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