Euraudidea
EURAUD long trade ideaPlan: wait for the price to bounce off from trendline or key support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
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#EURAUD, Big opportunity The EURAUD is currently down by more than 2000 pips (11%), a very significant decline.
Although Stochastic is not yet cross-linked, it is found to be relatively low.
RSI warns of a possible trend reversal.
And the most interesting point is the encounter with the 200 moving average line which is a very serious support that increases the likelihood of looking Pull back.
Target: 1.6840
EURAUD short position for near termAs can be seen in the chart above, EURAUD seems to be in a strong downtrend. It seems that it will continue following the downtrend for the near term and test the support level of 1.65900, which is where I will be placing my take-profit level. We can expect to see some volatility in this pair with the upcoming news announcement in a few hours for the AUD pair (the RBA Trimmed Mean CPI QoQ and the Consumer Price Index QoQ in about 2 hours and 45 minutes from now).
EURAUD Sell/Short Trade 4% gainEURAUD is trading inside following a Bearish Channel
Waiting to enter a short trade if it doesn't break above the channel.
Entry : When the price make a reversal from the upperline from the channel
Stop : 1.20%
Profit Target : 4%
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EURAUD LONG! 60MINMarked Buy-Zone offers short-term Long opportunity trade on Strong EUR Vs Weak AUD
Note: Idea is to complement your research.
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Will EURAUD start to reverse?As indicated in the chart, EURAUD is finding resistance at the channel TOP. So, far the price action indicates the formation of a TOP and possibility of EURUAD to drop in the coming weeks.
Low-risk sell entries can be taken at 1.7020-1.7120 with SL above 1.7300. TPs can be placed at 1.6770, 1.6540 and 1.6230
EURAUD Short: Daily Charts Potential Profit Targets: Evidently Targets are for swing trades.
Looking left, price broke 1.65483 Resistance after several attempts. Idea is price is likely to retest broken Resistance.
Looking left, price has tendency to retest 200ema and occasionally 365ema-- another good reason to consider profit targets at these levels.
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EURAUD Short! Two Buy-zones at 30 Min Charts for Shorts Delays With Short Bias in mind, expectation is for Price to Fail at Green rectangles (supports) --turning them to resistances for decline to downside.
Follow this idea with previously posted idea for complete price-action story.
Momentarily, check comment section for developing updates to this trade-setup/ idea.
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euraud touched the upper trendline & ended with a wick.price of the euraud hit the upper trendline and ended with a nice wick where the bears are turned in to the market. with a bullish audusd/audjpy in mind, we certainly can expect a bearish euraud for the upcoming days where we can see that the price can fulfill the targeted areas
EURAUD SHORT: Examination of last impulse for profit targetsAssuming EURAUD creates No new highs above current high of 1.70697 (High Via TOS Charts)
A list of targets bound for retest can be created on Daily charts from most recent price-impulse structure.
Retests are probable at:
1.67617
1.66289
1.65483 (Major Resistance! More like Key Take-Profit)
1.63945 (Upper Range boundary)
1.63591 (Governs if Price has more bearish potential to Buy-Zones)
1.6252 (Take-Profit on retest)
1.62358 (Take-Profit on retest)
1.61962 (Buy-Zone to Hi 1.70697)
1.60663 (Take-Profit on retest)
1.60135 (Buy-Zone to Hi 1.70697)
1.5932 (Lower Range boundary)
1.56979 (Future Buy-Zone)
1.53612 (Future Buy-Zone)
1.53656 (Future Buy-Zone)
1.48499 (Future Buy-Zone)
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