Trading Idea Regarding EURAUDEURAUD is in Nice Upward Channel, Which Lead Bullish Bias For Upcoming Days
Euraudforecast
EurAud- Testing stong resistance, looking to sellSince the March double bottom, EurAud has had a good run, gaining around 900 pips.
At this point, the pair is facing strong resistance and a correction could follow from this point.
I will look for signs of weakness to initiate short trades
EURAUD-Long#EURAUD
The market is moving in horizontal channel and time to look for buy move up to 400+ PIPS with 40 PIPS sl. But it will be a very long trade and patience-testing so use a small lot size if want to hold long.
EURAUD setups for classical break of structureEURAUD was on a classical downtrend but the downtrend structure was broken when it broke the market structure, breaking above the Lower High. Currently price is consolidating above local support. The next upward impulse move will confirm about the uptrend. 1.6150 is a global resistance where we keep our target.
Traders, I will be glad if you like this idea or have your own opinion about it, write in the comments.
EURAUD-Long#EURAUD market is moving in a bullish channel.
And has formed a double bottom so we are expecting a good bullish move.
Analysis in H4 timeframe.
EURAUD Idea / Bit Choppy / LongWe can see price broke out of a wedge pattern and made a higher high, currently waiting for price to come back into range for the retest where we can take it long to resistance
EURAUD - Bearish Opportunities !Welcome to our Trade Setups - May 30th ( EURAUD ) !
SELL EURAUD
ENTRY LEVEL @ 1.58073
SL @ 1.58365
TP @ 1.57489
Max Risk: 1% - 3%!
Risk/Reward Ratio: 2
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Have a great week everyone!
EURAUD: Continue The TrendEURAUD still continue the trend and perfectly retested possible continue the trend
EURAUD Top-Down analysis , UPDATE!!Hi Guys, let’s make a full top-down analysis of this pair, we will take the trade if all the condition of the strategies are satisfied. Press like button to support this video and let me know in the comment section if you have any questions.
💡 EUR/AUD Potential long setup. Hello Traders. Looking at Potential longs on this pair. We must have a break and close above resistance structure in order for this trade to have potential.
The Eurozone’s trade surplus narrowed from €17.7bn to €15.8bn the data that came out failed to have an impact against the Aussie. The next major calendar event is for the AUD in approximately 9 hours. This pair is on my watchlist 👀
EURAUD - Bullish Opportunities !Welcome to our Trade Setups - May 16th ( EURAUD ) !
BUY EURAUD
ENTRY LEVEL @ 1.56196
SL @ 1.55904
TP @ 1.56780
Max Risk: 1% - 3%!
Risk/Reward Ratio: 2
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Have a great week everyone!
EURAUD is in Bearish ModeThe market is on its major resistance and also rejecting it's trend line from the upper side which is indicating for the downtrend.
EURAUD, daily tf, HnS pattern in play
As you can see we spotted a HnS pattern forming and price already broken below the neckline.
Right now is the retest of the broken neckline so we might try selling this pair at this retest.
Notice that price broken below the neckline previously with a strong solid candle so we could see further drop in this pair.
Sell EURAUD 1.5540
Stop loss 1.5590
Take profit 1.5360 (3.6R)
Use only 1-2% risk
Good luck
#EURAUD set to continue the Downtrend 📉#EURAUD showed a weak signal in the early morning after European Markets open.
As the global economy recovers after the block caused by the Covid pandemic, the commodity currencies like the Australian Dollar or New Zealand Dollar are well placed to advance. In particular, the outlook for EUR/AUD is bearish as the pair has actually been strengthening since late February despite all the signs of an economic recovery.
EURAUD: Buy After RetestI Have plan for this pair.
I'm still awaiting for confirmation before entry.
If you have any idea and suggestion, leave comment below here.
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Good Luck
Series of Rising wedge patterns-Run towards southEURAUD
The recent downtrend will further accelerates the selling in this pair.Rising wedge pattern will give us good risk
reward ratio.Rejection around 1.57000 and support around 1.52500
Breakdown of the minor rising channel will be a good signal to sell this pair.Primary target would be 1.52500
*Price-below price action level
*Price around point of control
*Price around 03 EMA(50,100,200)
*Fundamental support-AUD
*Rising COVID cases-Negative impact in this pair
Disclaimer!
This chart represents the future expected move only-Not a financial advice
Appreciate good works-
“Don’t judge each day by the harvest you reap but by the seeds that you plant”
Robert Louis Stevenson
EURAUD under sellers control
Last week was controlled by the sellers, and this week continues the same bias. The price structure shows a breakout of the ascending trendline and retest as expected, signaling downtrend confirmation.
Let's keep a close watch and set our alerts. The short trade is active on my side though.
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