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Euraudsell

Short trade on EURAUDHi all, i've been looking at this pair over the last days, and it finally turned into a trading opportunity right now. The blue zone is a structure zone in which price has lately been very sensitive and it's also been a zone in which price has gone overbought on the 4hr chart, also creating a short candlestick with an engulfing candle. Moreover, on the hourly timeframe price has created a strong bearish leg, which signifies selling pressure. A conservative trader would wait for a break of the hourly support, i'm entering now because my trading rules are met. If you have questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Short setup on EURAUDHi all, i've been looking at this pair over the last days, and it finally turned into a trading opportunity right now. The blue zone is a structure zone in which price has lately been very sensitive and it's also been a zone in which price has gone overbought on the 4hr chart, also creating a short candlestick with an engulfing candle. Moreover, on the hourly timeframe price has created a strong bearish leg, which signifies selling pressure. A conservative trader would wait for a break of the hourly support, i'm entering now because my trading rules are met. If you have questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
EURAUD testing major support, prepare for a potential bounce!EURAUD is testing major support at 1.5772 (long term ascending support line, Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur at this level pushing price all the way up to major resistance at 1.6137 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance). We identified second support at 1.5632 which is right below major 50% retracement and swing low support). Stochastic (55,5,3) is seeing major support above 2.6% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
EURAUD Testing Strong Ascending Support, Prepare For A BounceEURAUD is bouncing nicely off major support presenting us with a good buying opportunity. Buy above 1.6058. Stop loss at 1.6020. Take profit at 1.6185. Reason for the trading strategy (technically): Price is testing major support at 1.6058 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, ascending support) and a strong bounce could occur at this level pushing prices all the way up to major resistance at 1.6185 (Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is seeing a nice bounce above major support at 6.8% with good further upside potential.
Long
by MEX_Exchange
EURAUD seeing strong bullish support, potential for further riseEURAUD is seeing strong ascending support maintain our bullish momentum. We’re also seeing strong horizontal overlap support at 1.5799 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a bounce could occur at this level to push price back up to 1.5951 once again (Fibonacci extension, horizontal swing high resistance). Stochastic (55,5,3) is seeing strong support above 3.5% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
2
EURAUD bouncing nicely above major support! EURAUD is bouncing nicely above major support at 1.5625 (Fibonacci retracement, horizontal swing low support) and a further rise could see price push up to 1.5770 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing a nice bounce above 4.8% support with really good upside potential, similar to what we’re seeing in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
EURAUD starting to breakdown, watch for a potential plummet!EURAUD has finally broken our major support-turned-resistance line at 1.5639 (Fibonacci retracement, horizontal overlap resistance) and a strong drop could occur from here that could push price all the way down to 1.5494 (Fibonacci retracement, horizontal pullback support). RSI (89) is still holding well above our ascending support line and only a break of this would add further bearish momentum to our setup. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
1
EURAUD testing major resistance, watch for a potential drop!EURAUD is testing major resistance at 1.5410 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 1.5272 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
EURAUD testing major resistance, potential reversal!EURAUD is testing major resistance at 1.5354 (Fibonacci retracement, horizontal overlap resistance) and a reaction off this level could be expected to push price down to 1.5267 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
EURAUD testing major support, could be seeing a bounce! EURAUD is now testing major support at 1.5267 (Fibonacci retracement, horizontal swing low support, pullback to descending support) and a bounce could occur at this level to push price up to at least 1.5354 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 2.8% and a corresponding bounce could occur at this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
2
EURAUD facing strong resistance, potential upcoming drop!EURAUD is testing major resistance at 1.5423 (50% Fibonacci retracement, horizontal swing high resistance, bearish descending channel) and a strong reaction could occur at this level to push it down towards 1.5310 support (50% Fibonacci retracement, horizontal pullback support). RSI (34) sees a descending channel signaling intermediate downside pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill