EURAUD: Bearish Continuation is Highly Probable! Here is Why:
The price of EURAUD will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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AUDEUR trade ideas
EURAUD 1H is forming a Harmonic Reversal pattern
Price formed ABCD Harmonic Reversal pattern with a neckline as current Temporary Resistance.
โข โ
Entry is triggered only after no new lower low is formed and higher high and higher low is printed.
โข Instant Buy
โข Stop Loss is at the recent lower Low (safe and logical placement). A bit lower than D Point
โข ๐ฏ Take Profit levels are based on measured move projections.
Trade Plan:
โข Instant Buy = 1.76767
โข Stop Loss = 1.76106
โข Take Profit 1: 1.77428
โข Take Profit 2: 1.78057
โข Lot size : 1:2 Risk Reward Ratio
EURAUD is forming a Harmonic Reversal pattern.
Key Highlights:
โข โ
Pattern: ABCD
โขโ ๏ธ Confirmation: on PRZ price bounced + Bullish candle
โข ๐ Risk Management: Tight SL, 2 TP levels
โข ๐งฉ Confluence: ABCD + Price bounced on D point
EURAUD - Short Term Buy IdeaM15 - Strong bullish move.
No opposite signs.
Currently it looks like a pullback is happening.
Expecting further continuation higher until the two Fibonacci support zones hold.
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EUR/AUD Bearish ReversalEUR/AUD is showing signs of topping out beneath the strong resistance at 1.77, with a clean lower high formation and momentum indicators weakening. A break below 1.74590 would confirm bearish continuation toward the next major support zone near 1.70709.
๐ Entry (below): 1.74590
๐ฏ Target: 1.70709
๐ Stop-Loss: 1.77155
โ๏ธ Risk/Reward Ratio: 1.51
๐ Confluence Factors:
Lower High Structure: Failed bullish rally near 1.77 has formed a textbook lower high.
Bearish Trendline Pressure: Price is testing a rising trendline โ a break confirms bearish shift.
MACD Contraction: MACD histogram is weakening, signaling a loss of bullish momentum.
RSI Below 55: RSI failed to regain bullish territory above 60 and is flattening near the 50 level.
EUR-AUD Potential Long! Buy!
Hello,Traders!
EUR-AUD made a retest
Of the horizontal support
Around 1.7480 and we are
Already seeing a bullish rebound
So a further move up
Is to be expected
Buy!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURAUD: Expecting Bullish Continuation! Here is Why
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the EURAUD pair price action which suggests a high likelihood of a coming move up.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURAUD Technical Outlook | Support Test After Channel BreakdownThe EUR/AUD pair has been trading within a parallel ascending channel but recently showed signs of weakness near the upper boundary.
๐น We saw a long period of consolidation in the highlighted zone, followed by a minor breakout that failed to gain momentum.
๐ป Price is now approaching a critical support level (~1.7258). A break below this zone could trigger strong bearish momentum and confirm a potential channel breakdown.
Key insights:
Consolidation breakout failed to sustain above the range.
Bearish pressure is building near the bottom of the channel.
Breakdown projection suggests targets near 1.7258 and lower.
๐ Trade idea: Watch for a clean break and retest of the support level for a potential short entry. Always use proper risk management and monitor price action confirmation.
What do you think โ will the bears take over from here? Let me know in the comments! ๐
#EURAUD #Forex #TechnicalAnalysis #PriceAction #Breakdown #TradingView
euraud buy signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURAUD - Bearish... but not for long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per our last EURAUD analysis, attached on the chart, it rejected the upper bound of the blue channel and traded lower.
What's next?
๐EURAUD is now retesting the lower bound of the channel.
Moreover, the blue zone is a strong demand.
๐น Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the lower blue trendline and demand.
๐ As per my trading style:
As #EURAUD is around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURAUD - Bullish... but not for long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
๐EURAUD has been overall bullish trading within the rising channel marked in blue. However, it is currently retesting the upper bound of the channel.
Moreover, the green zone is a strong structure and resistance.
๐น Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and resistance.
๐ As per my trading style:
As #EURAUD is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EUR/AUD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
EUR/AUD pair is in the downtrend because previous weekโs candle is red, while the price is obviously rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.756 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
โ
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EUR/AUD Bullish Channel Trade Setup โDemand Zone Bounce Strategy๐ 1. Downtrend Ends
๐ฝ Price was falling earlier (left side of chart)
๐ Then it reversed at the bottom of the channel (yellow dot)
โก๏ธ Trend Change Begins
๐ 2. Uptrend Channel Forms
๐ Channel consists of:
๐ต Resistance Line (upper blue)
๐ข Support Line (lower blue)
๐ Price is bouncing between these two lines like a pinball:
๐ต Resistance Line
| ๐ผ
๐ข Support Line
๐ 3. Key Trading Zone
๐ท DEMAND ZONE: (Bright blue box)
๐ฆ Between 1.74697 and 1.75349
๐ Buyer interest expected here
๐ฏ 4. Trade Setup (Bullish Idea)
๐ข Entry Point:
๐ 1.75349
โจ Near support zone and channel bottom
๐ป Stop Loss:
๐ซ 1.74710
๐ Below the demand zone, protects from downside
๐ฏ Target Point:
๐ฏ 1.77800
๐ Near the resistance line at the top of the channel
๐ Strategy Flow (Emoji Dots Path)
๐ ๐ฝ ๐ฝ ๐ฝ
๐ก Bottom found
โฌ๏ธ ๐ผ ๐ผ ๐ผ
๐ Enters channel
๐ฆ Price enters DEMAND ZONE
๐ฝ
๐ต Entry: 1.75349
๐ผ
๐ฏ Target: 1.77800
โ
Final Thoughts
This is a clean bullish setup within a rising channel
โ
Wait for price action confirmation (like a bullish candle ๐ฏ๏ธ) in the demand zone
๐ Protect with your stop loss
๐ Potential reward is strong if it bounces up