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Euraudtechnicalanalysis

EURAUD I Impulse correction setup Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
15
EURAUD I Potential downside continuation to support Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
1
EURAUD I Intraday long opportunity from support zoneWelcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
EURAUD Strong support Short opportunityHi traders! According to my analysis, the EUR/AUD currency pair is expected to decline, presenting a potential short opportunity. The basis for this expectation is the recent crossing of the price below the 200-period Weighted Moving Average (WMA), indicating a bearish signal. Additionally, there is a strong support level that further strengthens the case for a downward movement in the price. Traders may consider capitalizing on this situation by initiating short positions in the EUR/AUD pair, anticipating a potential decrease in value. However, as market conditions can be unpredictable, it is essential to conduct thorough research and employ appropriate risk management strategies before making any trading decisions. Have a great trading week ahead!
Short
by TheNomadTraderYT
(Sell) EURAUD Technical Analysis for April 20, 2018Hello Traders, Whenever there is synchrony, chances of making money is often high. At the moment, we are seeing this synchrony. There is a confluence of technical formations in different time frames and that is why I think selling the Euro can be a good strategy. This is why I think this is right. First, as we are taking a top-down approach with the weekly chart defining trend, we notice that prices are actually losing their initial bullish steam. The stochastics gives a better hint of this and as you can see, they are turning from deep the overbought position with a sell signal already in place. Secondly, candlestick characteristics hint of a possibility of lower lows. By late March 2018, we had an inverted hammer with clear price depreciation relative to the upper BB and the following weeks we saw a follow through of this bear trend. Besides, there was a bearish divergence pattern accompanying this AUD price gain. It’s only this week where buyers are rejecting lower prices and have been pushing prices higher as this week’s candlestick shows. In our entry chart, notice those long upper wicks in the past 3-4 candlesticks. All these point to strong sell pressure. Cementing this is the stochastic sell signal turning from deep the overbought territory just like in the weekly chart. I recommend sells at current prices with stops above this week’s highs. Because of this, my EURAUD trade plan will be as follows: Sell: 1.5985 Stop Loss: 1.6030 Take Profit: 1.56, 1.52 Have a good trading day and let me know what you think!!! Originally published at Forex.Today by Dalmas Ngetich
Short
by Kipyegonn
EURAUD analysis-Sell for November 02, 2017Hey guys, There is price action bear divergence pattern relative to the stochastics which are moving lower. Other than that sell signal, there is a clear double bar reversal happening at the 3rd quarter of this wedge meaning at any time there will be a break out. A break out below the 20 period MA and support trend line will be desirable for AUD bulls looking for free swap money. In the monthly chart EURAUD Technical Analysis, there looks to be a potential head and shoulder pattern with recent highs testing the neck like at 1.554. Secondly, with technical formation in the daily chart, I will look to sell tomorrow especially if there is a strong break below the 20 period MA in the daily chart. This will turn out as follows: Sell: 1.505 Stop Loss: 1.52 Take Profit: ideal below 1.41 but look for a risk reward of 1:3 As always, let me know what you think in the comment section.
Short
by Kipyegonn