Eur/ Aud SellEA has been shooting up for a while and has tapped and induced into supply taking out the equal highs and early sellers and now broken structure to the downside both on the 5, 15mins & 30mins.
Upon seeing a decent retracement back up I entered sells @1.66900 with stop loss @1.6705 (risking 15pips).
TP1: 1.66500 TP2: 1.6605 TP3:1.6585 TP4:1.65600
* Where has the market moved since I entered my trade? Slight profits
* If I looked at the market now, would I take the same trade? Yes
* How do I feel about my trade? Optimistic
* What do I like about this trade ? precise entry & multiple confirms & confluences
* What do I dis-like about this trade now? nothing
* On a scale of 1 to 10, where would I rate this Trade now? 7/10
* If I were not in a trade now, would I take the opposite trade ?no
Euraudanalysis
EURAUD Trading Plan 28/Feb/2024Hello Traders,
Hope you all are doing good!!
I expect EURAUD to go Down after completing this wave.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
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!
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euraud analysis elliot. 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- 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
EUR/AUD appears to be experiencing a bearish momentum as it breaks below the support trendline of an ascending triangle pattern. This breach suggests potential downward pressure on the pair, signaling a shift in market sentiment towards the Australian dollar against the euro. Traders may look for confirmation through increased selling volume and further downside movement before considering short positions.
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.
euraud buy signal. 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 - 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.
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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.
EURAUD !! Trend DOWN, SELL now⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
DOWN trend, stable trading below the EMA lines, establishing a SELL signal
⭐️ SET UP EUR / AUD PRICE:
🔥SELL zone: 1.65200 - 1.65350 SL 1.65800
TP1: 1.65000
TP2: 1.64700
TP3: 1.64300
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
EURAUD | Daily | OutlookLooking at EURAUD from a purely technical observation we can take note of the fact that the EURAUD has broken out of our long standing bullish monthly trend line which has started to point us towards a new bearish sentiment/bias in the long term, now looking further into it we can also notice that on top of breaking out of our monthly bullish trend we can notice that on our weekly chart we’ve also managed to identify the breakout of an ascending channel which was formed on the weekly chart further adding on to our newly founded bearish sentiment/bias.
Now with all that said we look further down moving to our daily time frame we can see that at the beginning of the year EURAUD found some support at our 1.61213 level after the market broke out of our ascending channel in November last year and started trading upwards where we saw that bullish momentum take a pause when the market reached our 1.66xxx & 1.668xx respective area creating what looks like a consolidation between the 1.668xx and 1.635xx levels which is now our current trading range.
With the above observation in mind we can see EURAUD bounce off near the top of our range at 1.66xxx where we can expect EURAUD to push downward a bit to bounce off the bottom of our current minor range before pushing up to our 1.712xx to 1.72xxx respective area where we’ll look towards the market creating a new resistance which will further confirm our overall bearish sentiment which we’ll be looking to take advantage of over the long term.
Please note that the current analysis and observation is comprised solely of my own personal opinion, sentiment and bias of the market; so please be sure to confirm with your own analysis before taking any trading decisions based on the above information as I am not liable for any profit or loss you may incur while using the provided information.
EURUAD potential sell updateas you guys can see euruad is playing out as planned ill make sure to put analysis i shared a hour or two ago to this description but now ill just waiting on a pull back for confirmation so ill just be watching closely because this move could happen really fast.
*EURAUD/SELL
EURAUD potential sellon the higher time frame EURAUD had been in a overall correction stage and im looking to get into sell after i see a good opportunity. On the lower time frames EURAUD market behavior is moving to the upside in a very slow and consilidating manner like a bearish flag so this is making me feel seller will take control later on during the week for sells.
EURAUD | 4 Hour Bullish ContinuationEURAUD could fall rise if it can stay above 1.64585.
Why 1.64585?
The price for the EURO is increasing which means Australians have buy the Euro at a higher price. But what is this is the time for them to buy it at discount before it goes back up?
Evidence
High(H) & Low(L)
Per the 4 our timeframe, price is increasing. The current rise price of the Euro price per the Australian Dollar has been 1.66052(H), 1.64584(L), 1.66123(H),
We can see the high and low prices are increasing hence what is called Higher highs and higher lows.
Actions
The best action to take is to buy since currently the trend is up. That is what the chart per this timeframe is showing.
If this trade plays out there is possibility price could pass the high at 1.66123.
Sidenote:
Your Reward to Risk will vary from mine analyzing this trade using your own risk management strategy and trading plan.
What can invalidate this trade?
If price pushes lower than 1.64585, the trade in invalidated.
Should you trade this?
If this fits how you trade, yes.
If not no.
Let's keep it that simple.
I hope you enjoyed this analysis.
Like this post and share it if you did.😁
Many blessings,
Shaquan
DeGRAM | EURAUD buy at kill zoneEURAUD reached the kill zone: support and 50% fibo level, bullish harmonic pattern.
Price pulled back to the support zone with deceleration and is now in an oversold condition.
The market is trading near the psychological level 1.65000.
We expect a retest of the resistance level.
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EURAUD/rising wedge SHORTEURAUD rising wedge gave me a signal showing bearish price action inside the wedge so i entered sells. if you did not catch this trade with me just watch how it plays out and as a trade look and pay attention to market behavior and ask yourself "why" is price selling off at this level.
*pay attetion to market behavior and (evidence) market give before a move happens.
EURAUD SHORT
EURUAD I Detailed analysis ahead of AUD Cash Rate ReportWelcome 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 I Impulse correction I SHORT! 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!
DeGRAM | EURAUD bearish opportunity from the confluenceEURAUD broke out of the descending channel and is testing the resistance level.
The market created the bearish harmonic pattern. The market overall is in a bearish trend.
Price is likely to go down from the resistance level and retest the channel border (support).
We expect a bearish move from the conflunnce level.
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