EURAUD - NEW BEARISH MOVE Hello Traders !
After a huge bearish move, The EURAUD price broke the support level (1.61290 - 1.62182).
Support becomes a new resistance level !
So, I expect a new bearish move📉
___________
TARGET: 1.59200🎯
AUDEUR trade ideas
EURAUD Swing longEA has completed an ABC correction on D1. Completed trend break, rsi divergence, and sl hunt. Expecting a major move from here
EURAUD: Important Breakout 🇪🇺 🇦🇺
We got a massive breakout on EURAUD.
The pair broke and closed below a wide horizontal daily demand zone.
It confirms the overall bearish sentiment and increases the probabilities that
the market will keep falling.
Next supports: 1.60 / 1.59
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EURAUD Possible Short Position Zone Zero Loss1H - Re-Entry
15m - 50 EMA Rejection + Bollinger Band Rejection
5m - Entry in MAHILO
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 1H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
EURAUD We see in a daily chart price is breaking the lows showing the downtrend.
We see, price has already broken the previous low, but down there is liquidity FVG, we wait if it will reach it.
If we want to buy, we shall buy a pull back which is very risk as we dont know where it will end.
Buying it, we wait for
a) the price to tap the area of FVG
b) to see the price prints choch of 1H
c) price retest
d) we may enter by observing the TNCP.
Trade safe.
Am not your financial advisor
EURAUD Technical Analysis and Trade Idea👉 In this analysis, we focus on the higher time frame charts for the EURAUD currency pair. Currently, these charts indicate a bearish outlook. However, we observe that the price has traded into a key support zone. Additionally, the market appears to be overextended. In the accompanying video, we discuss a potential retracement and a trade idea based on the Fibonacci retracement levels (specifically, the 50% to 61.8% range). It's essential to recognize that this assessment is speculative and not a definitive prediction. To validate a true reversal, close monitoring of specific price movements is necessary. The video provides an in-depth analysis of the trend, market structure, and price action. Always remember that trading involves substantial risk, so prioritize robust risk management strategies in your decision-making process. 📊✅
Trading Signal for EUR/AUD: Sell OpportunityAttention traders,
We have identified a sell opportunity for the currency pair EUR/AUD. Based on our analysis and the EASY Quantum Ai strategy, we recommend entering the market at the price of 1.61332.
Signal Details:
- Direction: Sell
- Enter Price: 1.61332
- Take Profit: 1.60944
- Stop Loss: 1.62088
Justification:
This signal is generated using our proprietary EASY Quantum Ai strategy which takes into account various market indicators and trends. Recent analysis indicates that the EUR/AUD pair is likely to face downward pressure due to several key factors:
1. Technical Analysis: The pair has been moving in a downward trend, and current technical indicators (e.g., moving averages, MACD) support further decline.
2. Economic Data: Recent economic reports from the Eurozone have been less favorable compared to Australia's, weakening the Euro against the Australian Dollar.
3. Market Sentiment: Increased bearish sentiment among traders suggests the market is likely to push the EUR/AUD pair lower in the short term.
We advise you to enter the market at the specified price point and set your take profit and stop loss accordingly to manage your risk.
Happy Trading!
Disclaimer: Trading in the financial markets involves risk. This signal is provided for informational purposes only and does not constitute financial advice. Always do your own research before entering any trade.
Counter bullish pullback and then bearish cont. from supply.Expecting bullish counter pullback and bearish cont. from the recent daily supply zone but only with the Market structure shift confirmation in a lower time frame.
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Short EUR/AUD on downside break, French political uncertaintyHaving broken through a long-standing support zone on Wednesday, and with uncertainty over the outcome of French elections like to persist for several weeks, selling rallies in EUR/USD screens as favourable in the near-term.
EUR/AUD looked like it may have bottomed last Friday with a morning star pattern formed to start the trading week. However, the bearish engulfing candle that followed has set the tone since, seeing the pair slice through a support zone that successfully repelled bears either side of the calendar turn.
Now that EUR/AUD has broken below, it allows for shorts to be set targeting a return to 1.6000 where it did some work either side of in June 2023.
Selling at these levels is acceptable but it would be preferable to initiate shorts on pushes towards the bottom of the prior support zone at 1.6130, allowing for a stop to be placed above the top of the zone at 1.6150 for protection.
DS
EUR-AUD Swing Short! Sell!
Hello,Traders!
EUR-AUD is trading in a
Downtrend and the pair
Made a massive breakout
Of the key horizontal level
Around 1.6163 and the
Breakout is confirmed
So after the pullback
And retest we will be
Expecting a further
Bearish continuation
Sell!
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Check out other forecasts below too!
EURAUD - Bullish ReversalI am entering a long position on EURAUD, based on the fact that the daily candle will close with a long lower wick, and very small upper wick. This indicates to me that the downtrend could be retesting the trendline, or finished completely. Volume is also much lower, which shows that price action will correct back up. My trade is as follows: Enter 0.54267, Stop Loss 0.54040, Take Profit 0.54650. 1:1 RR. Swing Trade.
EURAUD SHORTThe market is bearish on this pair. we are waiting for price to get to our area of interest and the appearance of a bearish engulfing candle to execute the trade
EURAUD Currently on EURAUD there was a liquidity sweep well known as the turtle soup, taking out the CRL now heading for the CRH And lately price has been currently trading below the true month open so towards the end of the month we are expecting a distribution to the upside
EURAUD Long Entry Setups Tech/Sent FactorsEURAUD is now rising from a Key Tech (demand) zone.
This means previously the larger money market has preferred this area long and it is already rising on impetus.
Sentiment bias suits longer term down move.
Looking long on dips lower TF.
EURAUD H4 | Bullish BounceBased on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.6051, which is a pullback support.
Our take profit will be at 1.6162, a pullback resistance.
The stop loss will be placed at 1.5941, which is an overlap support level.
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