#EURAUD: Price has just begun to drop,big move expectedDear Traders,
Hope Everyone having a great weekend, we have an important update on #EURAUD. Price distributed at first for a week or two though it drop as GOLD AND AUD is positively correlated. As GOLD prices hiked this week due to NFP AND OTHER ECONOMIC data forecasting inflation and fear of recession. This helped majorly AUD pairs; EURAUD has just begun it's big move, and we expect price to drop significantly during coming days. A perfect entry would be to wait for price to do a small correction.
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DeGRAM | EURAUD in consolidationEURAUD is consolidating following a bearish move.
The market is creating an AB=CD pattern where the D point completes right at the confluence level.
The market gives us a confluence zone where we have a psychological level of 1.66000 and a fibo cluster.
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EURAUDNot on my favorite list but this looks like one of my kind of trades ;-)
Anyways, a break above the 1.66521 upper zone and its retest will mean a long position
A break below the 1.64735 lower zone and its retest will mean a short position
Until then, we keep the fingers crossed
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
DeGRAM | EURAUD trend continuation trade opportunityEURAUD broke out of the descending channel.
The market is pulling back to the resistance level after testing the support level .
Price action is printing HLs and LLs and is likely to go down from the resistance level, trendline (dynamic resistance), and fibo cluster.
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EURAUD ____ INCOMING BULLISH MOVEHello Traders,
EURAUD has traded into a weekly demand order block after sweeping sell-side liquidity (equal lows) however, due to the massive dump in price, the bullish rally will not happen immediately.
This dump created a FVG on the daily timeframe which price could trade into next week and continue to ease the bearish move before the bullish rally begins.
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Cheers,
Jabari
EURAUD Analysis 30Aug2023I use analysis on the H4 time frame with the help of the RSI indicator to see if there is a reversal in the near future. if you look at the RSI compared to the candles, you can see the possibility of a hidden divergence.
in cases like this, the possibility is that the price will return to bullishness in the near future. there is a possibility that the price will decrease before continuing its bullish movement
DeGRAM | EURAUD structure based tradeEURAUD is in an ascending channel.
However, the price is near the structure resistance on the D chart.
Price is decelerating at the resistance level at 1.675000.
Price is likely to go down from the resistance level and the fibo extension level.
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DeGRAM | EURAUD bearish opportunityEURAUD broke out of the descending channel and is testing the resistance level.
The market created the bearish harmonic pattern. The market overall is consolidating.
Price is likely to go down from the resistance level and retest the channel border (support).
We expect a bearish move since the market is consolidating.
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EURAUD : Short Trade , 1hHello traders, we want to check the EURAUD chart. After breaking the specified key level, the price has pulled back to it again. We expect this level to maintain the downward trend of the price and play the role of a resistance level. If the price falls, we expect it to fall around the price of 1.62200. Good luck.
DeGRAM | EURAUD trend continuationEURAUD is moving sideways in the ascending channel.
The market has tested the resistance twice, and there's a high chance that a third time it'll break it.
Price made higher highs and higher closes, indicating a bullish trend.
We expect a breakout of the resistance, a pullback, and its continuation.
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EURAUD Top-down analysis Hello 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 Top-down analysis Hello 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.