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Euraudanalysis

EURAUD forecast for the next few daysWith EURUSD heading to take a possible fall, the minor EURAUD is also exhibiting the signs of weakening Euro against Australian Dollar. This may be a smaller frame analysis but with the huge engulfing with the last daily candle seemingly warrants to favor the bears. Technical prospects of the EURAUD Analysis: 1- Proper Head and shoulder exhibited by H4 timeframe 2- Bearish engulfing on daily frame 3- Last possible H4 Lower Trendline broken Since, Head and Shoulder pattern travels back to its base, or at least near to the base, we might be looking at the trade possibility of 300+ pips. The price chart says that EURAUD is heading down low. The rectangle marks the target support region of the trend. Best of luck, Happy trading and Happier Profits!
Short
by Uzi-Trades-Forex
EUR/AUD - SELLMonthly: 1. Impulse 2. Brake of previous structure 3. Correction on lower timeframe Looks bearish at this moment Weekly: We can see more clearly on the Weekly timeframe the impulse, brake of structure and correction. Looks bearish at this moment. Daily: Fibonacci is added from lower timeframe 1.Impulse 2.Correction 3. Engulfing Daily candle from Fibonacci level Going to make a entry on 4h timeframe 4H: Bearish Engulfing candles and pinbars from fibonacci levels. Good time for entry RR 1:4
Short
by Trader_Petrov
EURAUD 4Hr Multiple Opportunities Short As is, EURAUD is trading below previous Buy-zone. For successful Short trade, rejection confirmation is necessary at prices 1.56045 and 1.55832 However! A very important point to note: Price is ALREADY INSIDE A Monthly timeframe BUY-ZONE, ie 1.53609 | 1.56976 IS Buy-zone for Target 1.63463. This makes 1.54173 | 1.53609 zone have Confluence of Support. Therefore, for this SHORT-TERM Short trade to be a success: Confirm rejection to the downside at prices 1.56045 and 1.55832 Be aware that Buyers are exceptionally heavy at 1.54173 | 1.53609 zone--- Meaning, this is a zone where Long entries can be executed using confirmations. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
Short
by legacyliked
3