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Euraudtrade

EURAUD short position for near termAs can be seen in the chart above, EURAUD seems to be in a strong downtrend. It seems that it will continue following the downtrend for the near term and test the support level of 1.65900, which is where I will be placing my take-profit level. We can expect to see some volatility in this pair with the upcoming news announcement in a few hours for the AUD pair (the RBA Trimmed Mean CPI QoQ and the Consumer Price Index QoQ in about 2 hours and 45 minutes from now).
Short
by trendtrader
1
SELLING EURAUD @ MARKET 1.7067I've taken quite a few pips out of this pair over the last 2 months and another SELLING opportunity is being flagged by my Disciplindicator Indicator. The strong support indicated has been tested many times over the last week or so and this is weakening the line. With the incentive of WS1 pivot as a target I believe the BEARS will break through and break this SUPPORT. I'm in at 1.7067 with a target initially of WS1 at 1.6941. I still believe 1.6300 is the ultimate target of the BEARS and possibly lower as the EUR remains under pressure. My STOP is 1.7102 for a 35 pip risk.
Short
by theforexportal
EURAUD Short: Daily Charts Potential Profit Targets: Evidently Targets are for swing trades. Looking left, price broke 1.65483 Resistance after several attempts. Idea is price is likely to retest broken Resistance. Looking left, price has tendency to retest 200ema and occasionally 365ema-- another good reason to consider profit targets at these levels. Check comments section for future updates on idea. Like this idea? Like, Share, Follow, and Support this channel for yet better content. Thank you and happy trading.
Short
by legacyliked
EURAUD SHORT: Examination of last impulse for profit targetsAssuming EURAUD creates No new highs above current high of 1.70697 (High Via TOS Charts) A list of targets bound for retest can be created on Daily charts from most recent price-impulse structure. Retests are probable at: 1.67617 1.66289 1.65483 (Major Resistance! More like Key Take-Profit) 1.63945 (Upper Range boundary) 1.63591 (Governs if Price has more bearish potential to Buy-Zones) 1.6252 (Take-Profit on retest) 1.62358 (Take-Profit on retest) 1.61962 (Buy-Zone to Hi 1.70697) 1.60663 (Take-Profit on retest) 1.60135 (Buy-Zone to Hi 1.70697) 1.5932 (Lower Range boundary) 1.56979 (Future Buy-Zone) 1.53612 (Future Buy-Zone) 1.53656 (Future Buy-Zone) 1.48499 (Future Buy-Zone) Like this Idea? Like, Share, Follow, and Support this channel for yet better content.
Short
by legacyliked
EURAUD Short! All Entries Done! Where's Red-Zone? Entry Levels 1.67479/1.67587/1.68292/ 1.69902 Completed!-- Upon price decline, expect potential retest of corresponding color-code dashed lines. ie Test of 1.70218 (Aqua) likely to cause retest of 1.66094 (Aqua) and 1.58148 (Aqua). Test of 1.67587 (Yellow) likely to cause retest of 1.65574 (Yellow). Red 1.63591 is determinant of Lower Buy-Levels upon Monthly Sell-Off Like this Idea? Like, Share, Follow, and Support this channel for yet better content. Thank you and happy trading.
Short
by legacyliked