Euraudbearish
EURAUD Market Outlook | Daily Forex Market BreakdownEURAUD
Pushing back up a bit, bit choppy today as it has been all week. Expecting possible AUD strength right around the corner. I feel EA is going to push up and test highs before completely rolling over to the downside. Great short opportunity developing.
EurAud- towards 1.6 important support?From the August top, AudUsd was trading downwards, with 4 lower highs and clear support at 1.6.
A daily close under 1.62 would announce a false break and would open the door for the 1.6 important psychological support
Strategy:
Sell the break
SL @ 1.6330
TP @ 1.6
EUR/AUD Bearish Trend Move - Ichimoku setupI'm looking at a trend continuation trade here as the EUR continues to show weakness.
Price is holding at kijun sen right now and I'm watching for a push back down to price structure lows as my target.
This one is pretty straight forward, and while we have some spots we can look to take some partial profit, I'll just adjust my stop loss to breakeven after moving about halfway to my target.
If we fail to continue to hold at kijun sen or our bearish confirmations change, then this setup may become invalidated.
EURAUD Market Outlook | Alchemy FX Daily Telegram Breakdown.EURAUD
As previously mentioned we have a head and shoulders pattern on the daily time frame. Price looks to be breaking out to the downside but it could be a fake out and is still too early. I am going to wait patiently for this set up to develop some more although it does look like a good short.
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EURAUD Market Outlook | Alchemy FX Weekly Breakdown.EURAUD
Clean Head & Shoulders with EA on the daily perspective. EA is looking very bearish on the higher timeframes. On the lower timeframes we appear to be in a slight uptrend still. EA is a bit tricky right now so being adaptable will be key.
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EURAUD Short Trade Opportunity... Full analysis on screenPrice is up against some heavy resistance @1.63 and we can also see that Bearish momentum is increasing so I guess we will see a further decline in Price in the next few days. Crucial is a break of the trend line on the other hand if there is a break of the counter trend line I will close the trade manually. I hope my on screen analysis is clear but if not feel free to ask me in the comments below.
EURAUD reversed from resistance, potential drop!
EURAUD reversed off its resistance at 1.63682 where it could potentially drop further to 1.62797.
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EURAUD bounced from support, potential for a further rise!
EURAUD bounced off 1.62857 where it could potentially rise further to 1.63421.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.