EURAUD - Support HuntAlthough the direction is unclear, we can still profit from the assumption that there is liquidity below the support created. I will be looking for a sell signal on the lower timeframes to get involved.
Euraudlong
EURAUD facing bullish pressure, potential for further upside!Price is facing bullish pressure as it continues to hold above both the ascending trendline support, in line with our bullish bias. We could potentially see a bounce at our 1st support level at 1.54635, which is in line with our 61.8% Fibonacci retracement and 161.8% Fibonacci extension, and a further rise towards our 1st resistance level at 1.55420, which is in line with our 50% Fibonacci retracement and 78.6% Fibonacci extension. It is worth noting that the MACD is above the 0 line, showing bullish pressure in line with our analysis.
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EURAUD REVERSAL SCENARIO !As we can see euraud was rejected at support weekly timeframe
and potentially he will reversal
we looking at 4H timeframe
he just made clear channel and potential making higher low , stuck at fibo 0.618 on 4H timeframe
we expect euraud will bullish to resistance , that arround 1000 pips
so you guys
if you follow my forecast dont forget to watch you risk
salam cuan dari friendlineco !
EURAUD FlagFlag formation on EURAUD. It is ready to get out of the channel. Also there is a negative correlation between EURAUD and AUDJPY. Opposite flag formations!
EURAUD Long-Short SwingEUR is going up as AUD is also performing well and pumping up.
Normally i will think of a consolidation mode but the euro is bigger than the AUD so it will make the market move up as it also makes sense with the technicals.
EURAUD weekly key reversal bar 1.5280 support areaweekly key reversal bar pointing rising, 1.5365 & 1.5280 support areas, may take risk for long from levels by splitting risk on both positions, 1.5280 more ideal level for buy.
EURAUD is facing bearish pressure, potential for further drop Price is facing bearish pressure from our first resistance in line with our horizontal overlap resistance, 38.2% fibonacci retracement and 61.8% fibonacci extension where we could see a further drop below this level to our first support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
EURAUD is facing bearish pressure, potential for further dropPrice is facing bearish pressure from our sell entry, in line with our graphical area, 38.2% fibonacci retracement and 61.8% fibonacci extension , where we could see a further drop below this level .
EURAUD - Long Idea1 POSITION:
Buy EURAUD at 1.56050
SL: 1.55050
TP: 1.57850
2 POSITION:
Sell EURAUD at 1.57850
SL: 1.60650
TP: 1.54150
3 POSITION:
Buy EURAUD at 1.54150
SL: 1.51550
TP: 1.60550
EURAUD - To short to 1.52400, then long to 1.55800As you can see on the chart, price is currently in a downtrend. Price has left the supply zone at 1.55800 where it turned support to resistance.
Therefore, I expect price to short to the previous support at 1.52400 before retracing upward to 1.55800. Watch out🔥🔥
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EURAUD Long 1.5300 ZonePotentially long term setup EA 1.53 zone area buy 30-50 pip stop recommended
Wait for powerful price action signals in or around zone (some examples)
-RailRoad
-Double Bottom
-MorningStar
-Stop Hunt Shift Candle
Weekly Support
AB = CD & HHBET Double BottomAfter developing AB = CD, my target, fibonacci extension 0,618. Double bottom formation is developing in HHBET Oscillator. Please share your views with me. Thanks. AB = CD geliştirdikten sonra, hedefim, fibonacci uzantısı 0,618. HHBET Osilatöründe çift dip oluşumu gelişmektedir. Lütfen görüşlerinizi benimle paylaşın. Teşekkürler.
EURAUD analysisThe reasons i'd go long on this trade
CONFLUENCE:
1)Double bottom formed on a strong weekly support
2)Buying pressure
Good luck to everyone
EURAUD- Trading Plan and ForecastingDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not a signal. it's my opinion. trade your own risk. and Must Follow Money management.
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Thank you for your support!
EUR/AUD 2 Trades And The Next Moves To Catch More Than 500 Pips This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Take a long position on EURAUD 4HDescending channel broke up before but price has reached to it's lowest level and needs to come higher again and get back within the channel again. So in my opinion 70 to 100 pips is possible.
EURAUD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
EUR/AUD New Analysis 2 Entries Available In This Video
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
