EURAUD – Short Term Sell OpportunityEURAUD is clearly in the middle of a downtrend. Its now forming a clear 3-touch expanding structure with the last leg appear to be a false break to grab liquidity (catching people on the wrong sidee of the market). After breking outside of the structure, its completely retrace back into the structure and forming a bearish continuation structure.
I’m not setting a stop order at the break of this bearish cont. flag, targetting to at leash the bottom of this expanding structure with more target to the downside that is still need to be seen on how the price behave and develop at that area.
One thing to take note is i just view this trade as a short term trade opportunity, so we must be more careful with this position, as I’m expecting a broad weakness across all AUD and NZD pairs to play out in the long term.
For now, let’s see how will this pair develop, good luck..
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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Euraudsell
EUR/AUD SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
EUR/AUD: Day-Swingtrade-Preparation
Market-Sell: 1,58250
Stop-Loss: 1,59120
Point Of Risk-Reduction: 1,57475
Take-Profit: 1,56080
Stop-Loss: 87 pips
Risk: 0,5% -1%
Risk-Reward: 2,45
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EURAUD TECHNICAL ANALYSIS +100 PIPS BULLISH MOVE, STRONG SUPPORTEURAUD failed to create a lower low creating a strong support at 1.55980. So now we can expect an inversion of the trend with the formation of higher highs and higher lows, the 100% confirm of the creation of a bullish structure is at the break of the bearish trend line respected correctly since December. Before entering for a buy i will wait for a clear retest of support at 1.56550.
Standard Fakeout Play In Progress on EURAUDKey details in Signposts.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
EURAUD Bearish Candle Rejected from 1.5730 SR LevelHi Traders,
This pair is bearish and we are adding Short Positions in this pair. Now again there is a chance to enter in sell due to following confluences.
1. Downward Channel
2. Price Reject from S/R area (1.5730)
3. Engulfing Red Candle
4. Daily Bearish Trend.
Lets See how price action unfolds.
EUR/AUD could FALL!Hey tradomaniacs,
after the previous breakout and retest of the trendchannel we could see another drop of EUR/AUD.
A bullish stockmarket is usually a great confirmation for that assumption as AUD/USD and NZD/USD tend to rise stronger than EUR/USD.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
EUR/AUD SellDue to the current strength of the Australian Dollar, we can expect continued bearish momentum toward equal lows at 1.59481. This is where the stop losses of long position traders are and the institutional traders may target this liquidity pool at 1.59481.
Further take profit areas are: 1.56787 and another equal low at 1.53323
Retail buyers may believe that price is at current support but due to the current trend, there is a good chance of continued bearish movement.
Look for selling opportunities in the Asian session and New York session near the current support area.
EURAUD - SWING - 07. DECE. 2020Welcome to our weekly trade setup ( EURAUD )!
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1 HOUR
Strong bullish reaction towards main sr level.
4 HOUR
Overall bearish market structure about to drop!
DAILY
Great short entries, prices too high imo.
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FOREX SWING
SELL EURAUD
ENTRY LEVEL @ 1.63170
SL @ 1.64070
TP @ 1.61920
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN