Going down if not break the resistanceEURAUD is facing an extremely well formed reistance around 1.6189 area.
RISK: it's also in an extremely well formed uptrend channel and moving up quite healthily, so it may beak the resistance and move up without much hesitation.
NOTE: AUD employment data is coming out which may have some significant influence on this critical moment - it may simply accelerate either direction.
At the moment I prefer to consider a down movement most time frames particularly lower time frames RSIs are all near oversold level (sill have room so it is risky to think this way)
Price Entry: Now
SL: 1.62 because it is a risky setup, price going above 1.6195 would have already invalidated it.
TP: Fib based. AUD news may give a push.
GL.
Euraudshort
EURAUD - SHORT - WYCKOFF DISTRIBUTION AND DAILY SUPPLY ZONEEUR/AUD looks bearish on the Daily timeframe, when scaling down on the 4hr timeframe you can see the potential for a Wyckoff Distribution occurring. It looks as though we are entering Phase C of the Distribution and the potential for a UTAD to form.
Further confluence is found in the long term downward channel, a false breakout would tie into the Wyckoff analysis. At the top end of the channel resistance is a strong Daily supply zone (in yellow). This occurs near the 61.8% Fibo so provides further confluence.
I would look for price action confirmation either within the Supply zone or near the top of the channel, both would be taken as the UTAD formation and I would then initiate a short trade.
EURAUD Short BiasEURAUD price currently at resistance/ supply zone. There's a possibility of reversal to the downside.
EUR/AUD PENDING ORDER🔺 Today EUR/AUD has reached a local maximum (1.61650)
🔻 I assume that in the near future there will be a rebound to the uptrend line, and then growth again.
🔥 I think 1.6060 is an excellent point for a long order.
✅ Target: 1.6260
EURAUD ANALYSISAfter the bullish push from this pair since yesterday, we finally have the break of this current hourly level.
Now, we see price correcting above it. We expect a bullish continuation once this correction is over.
Targets would be the previous level at 1.60300. We'll be waiting for a clear continuation confirmation on the lower time frames to join the trend to target.
EURAUD ShortEURAUD convenient position for sale deal.
after the line broken...and pullback was done...we can open the position
EURAUD --- SHORT EURAUD --- SHORT
Sell: 1.59821 - 1.60100
SL : 1.60200
TP1 : 1.59621
TP2 : 1.59000
Use martingale layer strategy
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Short Vision on EUR AUD for 30/07/2021Hello Dear Traders,
You find below my analysis for EUR/AUD, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame EUR/AUD will fall to 1.606 as I am showing in my chart. Our Daily Goal is 1.605.
Currently, EUR/USD is moving towards the resistance level of 1.612 ,where there is some liquidity from this value we are looking for short-term selling opportunities of EUR/AUD.
Good Luck and enjoy your Bearish Market for today.
Entry:@ 1.612
TP1: @1.610
TP2: @1.608
TP3: @1.606
SL : @1.615
As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment.
Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
EURAUD DAILYWhat do we have on the EURAUD DAILY FRAME? will the market break what was once a strong support and became a resistance? and continue bullish or will it respect the resistance level and fall? LETS WATCH AND SEE!! #EURAUD
Downside with EURAUDH1 time frame.
Structure: Downtrend
Break uptrend and key level with H1 time frame.
Retest resistance at 1.60000 and down.
Wait for confirm and sell signal.
Target is next support at 1.59000.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
euraud buyeuraud buy :
Reasons :
1)my ema lines are intersected and yellow line started to face uptrend
2)there is breakout and a nice pattern formed
3)Got the confirmation from the heiken ashi candles and marked the stop loss
4)naked candle of bearish is formed with nice pin facing downwards
i have marked the support line where the prices have been bounced since last year once it hits that level,price is gonna go up
take Profit : green line
stop loss : red line
note : only for swing traders
EURAUD Has Broken Below Support
Welcome back Traders, Investors, and Community!
Hi Traders, EURAUD on H4 has broken below the Support it is expected to go lower.
⬇️Sell now or Sell at 1.6123
⭕️SL @ 1.6182
✅TP1 @ 1.5972
✅TP2 @ 1.5877
✅TP3 @ 1.5773
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
EURAUD SHORTPattern agrees and i just feel like it will go my way feel free to comment any corrections that you may want me to realize, thank you huys and i hope the market goes my way
💡Don't miss the great sell opportunity in EURAUDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.6123).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURAUD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 42.
Take Profits:
TP1= @ 1.6034
TP2= @ 1.5972
TP3= @ 1.5877
TP4= @ 1.5773
TP5= @ 1.5619
SL: Break Above R2
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💡Don't miss the great sell opportunity in EURAUDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.6123).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURAUD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 43.
Take Profits:
TP1= @ 1.6034
TP2= @ 1.5972
TP3= @ 1.5877
TP4= @ 1.5773
TP5= @ 1.5619
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURAUD Possible Short OpportunityIn March 2020, price reached all-time highs since March 2009 of 1.97726..since that high price has been consistently dropping.
Between May 2020 and December 2020, the price was consolidating between 1.65753 and 1.61120. (that's a long time for market participants to be indecisive)
Price broke out of this consolidation to the downside right at the close of 2020 down to a low of 1.52816 in February of 2021.
Since the low of 2021 (1.52204), the price has been (according to my analysis) retracing and is currently out at the low of the May '20 - Dec '20 consolidation of 1.61596
My rationale is on my chart as to why I'd like to short this pair IF I find confirmation.
We have:
1. Oversold Stoch
2. Break and retest of recent consolidation area.
3. 61.8 Fib Zone
4. High Volume Zone on the VPVR
Ps. COT Report for EUR shows NonCommercials piling in Short Positions fast and Long positions gradually decreasing. The current net position is at 38k Long, which is the lowest it's been this year.
NB: If price does NOT respect the resistance level it is at, I will start looking for a buy setup, until then I am short bias.
Please share your thoughts and ideas on this pair, I'd appreciate it. <3
OANDA:EURAUD
EURAUD Up & Dowm PosibleEURAUD uptrend after break the resistance level. EURAUD may going down to support level/or trendline support level. If break the support level, it may going lower. It can be rise up again if it can't be pass the support level
WHAT TO EXPECT ON EURAUDAlthough still in an uptrend, we have seen price return to the level of 1.60500 several times.
A rejection and a bounce come next after price gets here, so we can expect the same again.
We're still looking at longs after rejection for continuation buys but if price breaks below this level, we could see some short-term downside on EURAUD.
EURAUD SHORT Hello everyone, euraud as well is forming a nice bearish flag for more downside and again we need to see how fed will react on the market! critical event tonight so eyes on there! be safe and good luck!
