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Euraudshort

EURAUD - FOREX - 14. APR. 2021Welcome to our weekly trade setup ( EURAUD )! - 1 HOUR Bullish price action towards main sr level. 4 HOUR Overall bearish market structure.. DAILY Expecting more price action towards previous lows. - FOREX SETUP SELL EURAUD ENTRY LEVEL @ 1.55570 SL @ 1.56490 TP @ 1.54340 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
31
EURAUD appears oversoldThe Congestion Opportunities Strategy has just sold EURAUD at 1.55473. The system recommends entering this trade at any price between 1.55231 and 1.55715. The signal was issued because the 28-hour Relative Strength Index indicates that the EURAUD may be oversold, while the Speculative Sentiment Index reading of 1.37626 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 0.00968, so the stop loss has been set at 1.56441. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades. Signal ID: 75585 Time Issued: Thursday, 01 April 2021 06:00:16 GMT Status: open Entry: 1.55231 - 1.55715 Limit: N/A Stop Loss: 1.56441 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Short
by FXCM
5
Possible sell setup for EURAUDEURAUD has been in a clear downtrend since October 2020. This trend is quite clear from the daily timeframe to 4hr and 1hr. Price pulled back and broke our of the down trend breaking my resistance trendline however it failed to takeout the previous lower high and retreated back to close below the resistance trendline. I have adjusted my trendline to the new lower high. I had a support trendline for the pullback on this sell and it has been broken confirming that I can get back into the sell. Price created a support level before it broke my support trendline. I am waiting for a pullback to that level and a reversal pattern for me to enter on this pair.
Short
by CaitlinAmanda
EURAUD BEARISH Continuation...Strong Downtrend MovementToday, we managed to see a BULLISH candle retesting the trend resistance level, also testing our MA and EMA. As of now, I am expecting great bearish pressure on EURAUD and I am expecting a rejection from here. We will be eyeing for 461.8% fib level. However, do take note that we have yet to see any confirmation candle on this pair. Refer to lower timeframe for this. If we managed to see price breaking up our downtrend, do expect a strong BULLSIH retracement. As of now, I am BEARISH on this pair but do take note on the movement and adapt accordingly. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
2