EUR/AUD SELL 9,000 Pip PROFITSThis is just a technical analysis with no fundamental or upcoming economic events reviewed. View upcoming post of smaller time frames for full analysis and more trading ideas.
Trade Types-
-- Support & Resistance
-- Following the trend
*I will message any and everyone who follows me the overlays and sub indicators used to assist in concluding trade idea.
Eurshort
EURUSD: Bearish Pin Bar SignalEURUSD – SPOT: Selling On Retracement Within The Range Of Bearish Long-Tailed Pin Bar Signal
Price Action: Price formed a Bearish Long-Tailed Pin Bar Signal late last week.
The Bearish Fakey + Pin Bar Setup that had formed late last week failed (We suggested selling from this setup in the August 26th, members' daily newsletter).
Price moved lower from the Multiple Inside Bar Pattern that had formed on Friday, August 12th (We did not consider trading this pattern).
Potential Trade Idea 1: We are considering selling on a retracement higher to within the range of the current Bearish Long-Tailed Pin Bar Signal.
Potential Trade Idea 2: We are considering selling on a retracement higher and after a price action sell signal whilst price remains under the 1.0349 short-term resistance level that also coincides with the recent Multiple Inside Bar Breakout that had triggered on Monday, August 15th.
EURUSD: Selling From Bearish Tailed BarEURUSD – SPOT: Selling From Bearish Tailed Bar Signal
Price Action: Price formed a Bearish Tailed Bar Signal overnight.
The Bearish Pin Bar Signal that had formed earlier this week failed (We did not consider trading this signal).
Potential Trade Idea 1: For more aggressive traders, we are considering selling from the current Bearish Tailed Bar Signal.
Potential Trade Idea 2: We are considering selling on a retracement higher and after a price action sell signal whilst price remains below the 1.0635 – 1.0787 short-term resistance area.
EURUSD – SPOT: Selling On A RetracementEURUSD – SPOT: Selling On A Retracement
Price Action: Price moved higher from the Inside Bar Pattern that had formed late last week (We did not consider trading this pattern).
Price moved significantly lower from the recent Bearish Multi-Bar Fakey + Pin Bar Setup (Event Zone) that had formed over four weeks ago (We suggested trading this setup in the April 25th, weekly newsletter and hopefully some traders got on board).
Potential Trade Idea: We are considering selling on a retracement higher to within the range of the prior Bearish Multi-Bar Fakey + Pin Bar Signal (Event Zone) that had formed just under the 1.0804 – 1.0937 key resistance area, over four weeks ago.
THE EUR IS WEAK! = Trade Idea of the Week!The Euro could not sustain it's rally from last week. Resulting in a short pull back.
The fundamentals are all pointing to the Euro continuing it's fall all the way to $1.03577 a very strong support area.
The technicals all confirm with heavy sell signals.
The DXY has been soaring and with rumors of a 50-75 BPS boost I don't see it slowing down much.
The chance for a reversal in the DXY is low, given the Fed is set up to deliver another 50 bps hike in June at the FOMC meeting.
This trade idea is based on the ADR, Fundamentals, & Technicals all lining up=Forex Holy Trinity.
Never over leverage.
Trust your set up.
Have Fun!
The: EU Whisperer
EUR: Medium and long term consolidation.A small model 3W was broken down:
More about the 3W model here.
The price is dropping towards the upward support level of the mid-term consolidation. A breakdown of the medium-term consolidation downward may lead to a decrease in the price to the area of the upward support level of the long-term consolidation, to the area of 1.08.
EURAUD 3:1 short opportunityWith most DXY pairs in retrace mode this week I am more comfortable trading usual pairs like EURAUD for now and we've got a perfect entry here at the support of the channel and the stochastics which have been pretty profitable recently are back in overbought area. Let me know what you think in the comments
💡Don't miss the great Sell opportunity in EURUSDHi dear Members
Hope you all are enjoying our ideas and analysis. Now we are here to update about EURUSD . EURUSD is exactly Moving according our analysis. Now it has broke the channel.we should see the EUR down in the coming hours.
Keep in touch we will update further soon.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️