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AUDEUR trade ideas

EUR/AUDEUR/AUD has been in a downtrend on the higher timeframes. Since October 3rd, the price has moved bullish, respecting the 4-hour uptrend level. Last week, however, we saw a break in the uptrend, along with the formation of a double top on the daily chart. This technical shift coincides with weaker-than-expected economic data from the Eurozone, which has weighed on the euro, and recent optimism from the Reserve Bank of Australia regarding the country's economic outlook. Given these factors, I’m looking to take short positions around the 1.6200 level
Short
by Swiss_Forex
Euraud is still bearishEuro prices rose above our previous high this week and failed to displace further❌. This alone indicates that price was just targeting buyside liquidity 📊to fuel the Bearish market. As per sweep, price finally filled enough orders to give us bearish momentum with our thursday candle⬇️. Friday failed to close in on our displacement, therefore giving us a daily fvg and a fresh supply zone. This is not an entry signal, but an analysis based on observations as per strategy and experience with the charts. What do you think about this one?
Short
by ZIPHO67
Further downside seems possible for EurAudHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. More downside might be coming on EA...bias will be to short.Unless it whips. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Short
by Shadowing_The_Big_Boys
EURAUD H4 Double Top: More Downside Ahead?EURAUD is showing a classic double top pattern on the H4 chart. Price action has already broken the neckline, and it seems to be retesting it now. If the retest holds, we could expect further downside for this pair. This setup aligns well with bearish momentum, so it might be a good opportunity to watch for short entries. Make sure to confirm with other indicators and manage your risk effectively. What are your thoughts on this pattern? Are you looking to short EURAUD too? Let me know below!
Short
by KinkiHuang
EURAUD Looking for 150pips When you're taking a trade on EUR/AUD with a 150-pip profit target and a 40-pip stop loss, you're aiming for a trade setup that has a reward-to-risk ratio of 3.75:1. This means for every pip you risk (40 pips), you're potentially earning 3.75 times that amount (150 pips). Here's a breakdown of the thought process: 1. Setting the Profit Target (150 Pips) The 150-pip target likely corresponds to a significant level on the chart, such as a previous support or resistance zone, a Fibonacci extension level, or a major pivot point. This target should be realistic based on the current volatility and historical price action of EUR/AUD. Check for daily average range: If EUR/AUD tends to move around 100-150 pips per day, this makes the target more achievable within a reasonable time frame. 2. Defining the Stop Loss (40 Pips) A 40-pip stop loss should ideally be placed below/above a significant technical level, such as: Recent swing highs/lows. A moving average. A key Fibonacci retracement level. The stop should protect you from a potential market reversal but not be so tight that normal market noise would trigger it. It’s important to make sure that placing the stop here still keeps you below a key invalidation level, meaning if the stop is hit, your initial analysis was incorrect.
Long
by LORDOFTHETRADERS
"EUR/AUD may rise from this level.""EUR/AUD may rise from this level." As always, it's essential to apply proper money management and never trade without placing an appropriate stop-loss. Remember, trading is a game of probabilities, so your success should be measured over a series of trades, not just one. Guys always read this quote.It will help you mentally."I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, 'I just lost my money, now I have to do something to make it back.' No, you don't. You should sit there until you find something.” “Jim Rogers: Thanks!
Long
by UnknownUnicorn89138523