Euraud sellThis pair will continue its bearish trend , below 50ema after a pullback, the direction of the market still bearish...Banked 211 pips past week and now we will an extension. Happy trading guys, risk management....
AUDEUR trade ideas
SELL EURAUD - Trade explained in detailTrader Tom, an investing.com technical analyst with over 15 years experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
Double zigzag pattern bearish scenarioEsteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules.
As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy.
I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision.
For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea.
My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace.
I express my gratitude for your continued support and kindness, and welcome your comments and critiques.
May my analysis be a valuable asset to your business journey, and I remain sincerely yours,
Mr. Nobody
EURAUD - In Downtrend with AB = CD PATTERNEURAUD chart in 4h time frame is in downtrend and there is no divergence observed. Therefore market can go more down.
Hence I'm using AB = CD Harmonic Pattern to take short entry with Sell Stop Order on the breakdown of "B" point Level with stoploss above at "C" Point which is last Lower High level.
EURAUD short movePrice is currently rising towards our resistance level and if there should be any bearish reaction at that level, we hope to see price drive downward towards our target level.
EURAUD - Sell StopEURAUD - Sell Stop
- Bearish trend
- Take Entry if price reaches B of AB-CD pattern
EURAUD SHORT ICTPrice retrace back into H4 Bearish OB.
Price taking out internal liquidity in the FVG area and reject towards bearish direction.
Price created a MSS with BOS tgt to form a strong lower low candle. This has also formed a FVG settling a new Bearish OB.
Set short trade in the LTF bearish OB targeting H4 Swing Low.
R:R 1:5
EurAud could rise 400 pipsRecently, FX:EURAUD breached the 1.63 support level. However, after reaching a low of 1.6220, the pair swiftly reversed, indicating a false breakout.
Over the past three weeks, the pair has formed a falling wedge pattern, hinting at a potential reversal to the upside. Confirmation of a bullish scenario would come with a break above the descending trend line. In the medium term, EURAUD could ascend and retest the recent high at 1.6680.
I maintain a bullish stance on this pair as long as the recent low remains unbroken.
The EURAUD is in an Up trend The EURAUD is transitioning from a downtrend to an uptrend on the IH time frame while displaying a Bearish AB=CD Pattern. This presents an opportunity to set a Buy stop order at point B, anticipating a move to point D (Potential Reversal Zone). At that juncture, we can consider initiating a Sell-stop order for a second trade.
Bullish AB=CD Pattern in EURAUDBullish AB = CD Pattern observed in EURAUD Pair. Currently, the bearish trend can be used to short till the price reaches Potential Reversal Zone (PRZ). From the PRZ, a long position can be taken to ride the potential bullish trend.
EUR/AUD Holds & Heads to TargetEUR/AUD broke the downtrend line and BOS (Break of Structure) Heading for 1.6400, well done Members'. Chris
EURAUD IS BULLS CALLING1. PSTG 1 TO BE hit
2. PSTG 2 TO BE hit
3. Market did retest on the zone i predicted that it is going retest at.
///trade///
EURAUDWe can attempt to buy EURAUD from specified level as it break LH , trendline resistance , also bullish divergence occur indicate that it move upward.
SL , TP mention in chart.
Lingrid | EURAUD new EXTENSION. Short from the RESISTANCE The price perfectly fulfilled my last idea. FX:EURAUD fell from resistance and hit the target. The market broke through the support level, making a new extension downward. The price updated its lower lows and closed below support level 1.64000. The market is rolling back to the resistance zone. The price is pulling back to a level that was tested multiple times before. I expect the price to fall from the resistance level because the market has bearish momentum. My goal is a support level of around 1.62200
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Key Support Zone: EURAUD AnalysisHello Everyone,
EURAUD has discovered support and presently resides within the monthly support zone. It is crucial for the price to solidify its position above the weekly pivot point (1W PP) to validate potential further bullish momentum.
TradeWithTheTrend3344
EURAUD 1H Short Trade - 1:3 RRRSL: 1.64973
TP: 1.62000
In this trading strategy, we present a compelling opportunity for a long position on the EURAUD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:3.
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
EURAUD AB=CD PatternEURAUD has formed a harmonics pattern as well as divergence which indicates that the trend is likely to reverse.
EURAUD Rejected from an Important Zone !!Expecting another bearish wave for EURAUD
its little risky now because we are retesting resistance zones
EURAUD LONGhello guys .this is what it see on euraud. looking for long position between 1.62570 - 1.62180.
target 6.4100.
this is just an idea of what i see.
trade at your on risk.
EURAUD Reversal EURAUD has been in a downtrend but with Harmonics and a Bullish divergence in Play we can expect a Bullish Reversal from this point.
Also AUD Interest staying the same AUD is currently in decline
EURAUD is showing trend reversal.Using AB=CD pattern we first marked PRZ(potential reversal zone).
It has completed its AB=CD pattern so we can look for divergence.
At latest LL's its showing divergence which is also indication of trend reversal.
we will wait until it start printing HH and HL then we can take entry.
