EURAUD - Short from bearish orderblock ✅Hello traders!
‼️ This is my analysis on EURAUD.
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I price to continue the retracement to fill the imbalance above and then reject from bearish orderblock.
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Euraudsell
EURAUD - Sell-off started ✅Hello traders!
‼️ This is my analysis on EURAUD.
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect continuation of bearish price action after price rejected from bearish orderblock.
Like, comment and subscribe to be in touch with my content!
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.
EurAud facing important resistanceAfter reaching my 1.52 target, EurAud continued its ascent and now is very near an important resistance.
Although now the long-term trend is changed and is clearly up, a correction from this level can follow.
The target for such correction is the old 1.52 zone resistance
EURAUD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find a 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.
EUR/AUD :: Back to the blue line !EUR/AUD :::
The price has broken the orange channel, although it has not stabilized in the higher time frame, and it is likely that it will move towards the support of 1.52 after hitting the stronger resistance that is in the range of 1.537.
Currently, the blue line is the best way to follow the price .
EURAUD SHORT The price make nice break out for short trade with many confirmation on it, as you all can see channel pattern from daily price already touch the upper resistance channel pattern with nice breakout from the flag pattern and resistance area. The price also make nice big red candle confirmation so i assuming it will low as target. Remember your money management !
EURAUD Short Scenario
Entry - In the supply zone
Target - 1.45680
Invalidation - 1.48820
Risk to reward ratio - 8
Technical confirmations
Full cycle of Elliot wave impulsive part is done and now the corrective part(ABC) needs to be finished towards C. Price has reached the supply zone forming the B wave.
Technical confirmations
Unemployment report in Australia comes on Thursday. The market consensus stands at 35.0 thousand for August, which would be a huge rebound after the -40.9 thousand reading in July.
Australian GDP grew by 0.2 percent in Q2 2022, from 0.7 to 0.9.