EURAUD - Short active ✅Hello traders!
‼️ This is my perspective on EURAUD.
Technical analysis: We are here in a bearish market structure on 1H timeframe, as price changed the character. I expect bearish price action after the price took buy stop liquidity and rejected from institutional big figure 1.64000. There is also a probability that price will go a little bit higher and then to reject from bearish order block.
Fundamental analysis: Next week on Wednesday we have news on AUD, will be released quarterly and yearly CPI. Pay attention to the results in order to secure the trade.
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Euraudlong
Am Back!!!!!After a long while guys....am back.
Without bothering u on all the details....let's get into today's breakfast(London time)...
If u saw the bullish setup before me....
Indicate below.....u must be really smart!!
If u didn't....dosent matter...(we are eating today, probably...)
Okay....EURAUD has been in a strong uptrend on the Daily and even 4H.....
A retracement to the previous pullback level just happened.(fib 50&60)
Plus.....its in an Ending Diagonal on the 4H..
The probability for a bullish recovery is high
An going in on the LTF with my killer techniques..... Feel free to join me with any entry strategy u have....
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......and subscribe......or I'll take ur stop loss😆
EUR/AUD looks bullish! Good RR!Hey tradomaniacs,
looks like we are going to get a nice buy-signal for EUR/AUD as soon as the breakout of the trendchannel of the lower timeframe happened.
As soon as we get momentum and eventually an FVG which has to be closed by a pullback, we could consider to go long in this scenario.
A strengh in USD aswell as rising Yields might cause upcoming downmoves of indices and stock, which would boost this setup as AUD tends to fall harder as a risk-on-currency than EUR.
What do you think?
EURAUD longTechnical long position taken at the end of the week on EURAUD. Price held my resistance turned support following some deviation. We still have monetary policy divergence with RBA on pause hiking rates whereas ECB remain firmly hawkish with recent data showing some resilience. The significant resistance around 1.6400 could be broken to the upside.
Near-term risk-on in markets could see AUD regain some strength and could provide a headwind to this trade.
EURAUD to find support at market?EURAUD - 24h expiry - We look to Buy at 1.6275 (stop at 1.6230)
Previous support located at 1.6300.
Previous resistance located at 1.6400.
We can see no technical reason for a change of trend.
Further upside is expected. Trend line support is located at 1.6300.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 1.6385 and 1.6415
Resistance: 1.6400 / 1.6450 / 1.6500
Support: 1.6300 / 1.6250 / 1.6200
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EURAUD - Expect retracement ✅Hello traders!
‼️ This is my perspective on EURAUD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.61000.
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TRADE UDPATE EURAUD - On its way to the target 1.6816Rounding Bottom formed on EURAUD and since it broke above the neckline, it's been moving on a strong up trajectory.
During the upside there have been two order blocks formed Sell Side LIquidity, which everytime the market comes down big orders are taken out and there is buying into it pushing the price higher
7>21>200
RSI>50 =70
Bullish bias
Target1.6816
EUR/AUD Long-Term Idea 💡 EUR/AUD has been in an overall downtrend for weeks but has recently broken that trend line. I have condensed down to the 12hr chart to show both short and long term possibilities using a mixture of the dow Jones theory with market structure and fibonacci. It is still possible to see price push lower but in the events of a new uptrend, this is what I would expect to see according to confluence. Orange cycle is the lower time frame elliot wave which should form the larger time frame green cycle following the new uptrend. Green dashed line is the 1.382/1.618/2.0 fibonacci levels of cycle 1 completion highlighted. (Turquoise rectangle is 0.618 of cycle 1). Harmonic patterns are usually located in the correction for a trend continuation however i have not highlighted these for a cleaner chart. This is only a speculation, not to be considered as financial advice. Any positions taken should be done by your own discretion.
EURAUD - Expect retracement ✅Hello traders!
‼️ This is my perspective on EURAUD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to make a retracement as we can see a rejection from institutional big figure 1.63000. Price could take sell stop liquidity and to fill the imbalance and then to reject from bullish order block.
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EURAUD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Potential long swing trade for EUR/AUDEUR/AUD closed lower for five consecutive days last week during a week of volatility and turbulence. With the Fed and five other central banks announcing a coordinated effort to provide liquidity for US swaps, and UBS agreeing to purchase Credit Suisse over the weekend, perhaps there's potential for it to confirm a swing low.
Last week's low found support at the 20-day EMA, trend support and 38.2% Fibonacci ratio and the daily closes held above the monthly R1 pivot.
The bias is for a move towards 1.6100 (monthly R1 pivot) whilst prices hold above last week's low - or trend support can be used to fine-tune risk management.
EURAUD - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective of EURAUD .
Here we are bullish from daily perspective, so I am looking for longs. I expect price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
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EURAUD after ECB hikes 50bps 3/2023The European Central Bank (ECB) announced on Thursday that it raised its key rates by 50 basis points (bps) following the March policy meeting, as expected.
With this decision, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be increased to 3.5%, 3.75% and 3%, respectively.
Key takeaways from the policy statement
"ECB staff macroeconomic projections were finalised in early March before recent emergence of financial market tensions."
"ECB staff now see inflation averaging 5.3% in 2023, 2.9% in 2024 and 2.1% in 2025."
"Inflation excluding energy and food continued to increase in February and ECB staff expect it to average 4.6% in 2023, which is higher than foreseen in December projections."
"ECB staff then expect growth to pick up further, to 1.6%, in both 2024 and 2025, underpinned by a robust labour market, improving confidence and a recovery in real incomes."
"APP portfolio decline will amount to €15 billion per month on average until end of June 2023 and its subsequent pace will be determined over time."
"As concerns PEPP, ECB intends to reinvest principal payments from maturing securities purchased under programme until at least end of 2024."
Waiting economic calendar to day: 17:00
EUR Core Harmonized Index of Consumer Prices (MoM)(Feb)
- - 0.8% 0.8%
17:00
EUR Core Harmonized Index of Consumer Prices (YoY)(Feb)
- - 5.6% 5.6%
17:00
EUR Harmonized Index of Consumer Prices (MoM)(Feb)
- - 0.8% 0.8%
17:00
EUR Harmonized Index of Consumer Prices (YoY)(Feb)
- - 8.5% 8.5%
17:00
EUR Labor Cost(Q4)
EURAUD 200EMA-STOCH-RSI-CCI-SI-MACDSo when taking all the technical parameters mentioned in the title, I get a long indication after a quick short down to weak demand zone.
EUR/AUD forming the perfect Rounding Bottom to rocket to 1.6816Rounding Bottom has formed on EUR/AUD.
The momentum was so strong it didn't form a handle or rounding bottom for a W formation.
This means, demand side is strong and we can expect a ton of upside to come.
RSI>50 =70
Bullish bias
Target1.6816
CONCERNS:
I like to wait for a breakout confirmed before I get into a trade like this. This means, only if the candle opens above the breakout resistance tomorrow will I get into this long.
EURAUD is preferred to buy on dips.Previous support located at 1.5700. Previous resistance located at 1.5800.
There is no clear indication that the upward move is coming to an end.
A lower correction is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.5800 will confirm the bullish momentum.
EURAUD - 24h expiry - We look to Buy at 1.5700 (stop at 1.5640)
Our profit targets will be 1.5850 and 1.5880
Resistance: 1.5800 / 1.5900 / 1.6000
Support: 1.5700 / 1.5650 / 1.5600
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