Yemi_Fx1 | Short for EURAUDPrice has respect the upper dynamic trendline. I'm expecting an impulsive move, then followed by correction in form of a bearish tight flag continuation pattern to the downside. And I'll be considering a Risk entry type on the third upper touch of the flag.
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Euraudshort
EURAUD SELLI’m Back Again on EURAUD Daily TF. So we are Currently Looking on a Major Sell moves around 800 plus pips, and that’s a lot of money to be made, so basically this Analysis is currently saying that on a Monthly / weekly TF we currently broke a trend line and same time we got a nice Retest on the Trend line we are Currently in a resistance Area or Zone.
Moving over to the Daily TF, we have a Nice Head and Shoulder Market Structure, and Same time Creating A lower Highs and Lower Lows we can perfectly see that on the Chart.
So before taking this trade we will patiently waiting for price to test the Highs LVL 1.55617, that’s when we will be looking to take our Sells, and also we are having Both Tp1 and Tp2.
Please guys drop a Comment and let me know what you guys think, let’s share ideas on the Comment section thanks.
EUR/AUD Update 1: Post News Release Daily OutlookFollowing my hourly outlook post yesterday that was pre news we did indeed pullback near to the top of the hourly trendzone before dropping into a bearish market today after negative high impact news adding to the confluence of the bearish ascending triangle breakout which has had multiple key resistance retests to assure the trend reversal process has begun.
I have exited my buys from last night and will be looking to take a long swing short giving that we have added confluence today I will then look for a good entry point and manage my risk accordingly.
What are your thoughts?
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 to stall at current hihgs.EURAUD - 24h expiry - We look to Sell at 1.5600 (stop at 1.5700)
Previous support located at 1.5450.
Previous resistance located at 1.5500.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.5450 will confirm the bearish momentum.
Our profit targets will be 1.5350 and 1.5300
Resistance: 1.5500 / 1.5600 / 1.5700
Support: 1.5450 / 1.5400 / 1.5350
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EURAUD a SellOn the 1hr chart, EURAUD has given 3 patterns in 1. An overall double top at the 800ema resistance, with the first leg being a head and shoulders formation, and the second leg is a double top. Both at 800ema resistance. If you flip over to the 4hr chart you will see a perfect double top at resistance. Thank me later
EURAUD (SHORT) 🔥🔥🔥ENTRY OPPORTUNITY
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