AUDEUR trade ideas
EURAUD Short Bias – Bearish OB Rejection and Sell-Side EQLTargetEURAUD is currently in a clear downtrend. After sweeping sell-side liquidity at 1.60237, price retraced into a daily bearish order block (OB), which is a high-probability setup. The latest candle has closed within and below the OB, signaling further bearish momentum. Price is displaying a shift from External Range Liquidity (ERL) to Internal Range Liquidity (IRL), with sell-side liquidity and equal lows (EQL) at 1.59973 as the next target.
EURAUD: Bullish Move After Breakout Observe the movement of the price action on the EURAUD chart. The price successfully broke a significant horizontal resistance level on an internal time frame.
Subsequently, the price underwent a minor correction on a 4-hour chart, forming a bullish flag pattern.
After a positive response from buyers, the market surged and breached its resistance level.
It is likely that the upward trend will persist, with a target set at 1.6336.
Buy euraudJust check our last two idea buy and sell both reached to our targets
Now we are looking again buy
Currently trading in a range and respects its weekly buy level
Buy wee can see 2 major buy sell sell rejection in week candel , that's still not good sign for buy now
Just wait to sweep.downside then enter in buy for long term
EurAud Trade IdeaOctober 7th I published a long set up on EurAud and stated how I was looking for price to flip at 1.60430 and potentially get into some longs after another retest. Price did just that. So my play for last week on the pair will be the same for this week. We never had the retest with having low volume on the pair. If price can retest this week I'll definitely be going long on the pair for a possible 1:3rr. We'll see what happens.
Euraud likely can see more downsideHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Overall a bearish chart on the daily, now with the rejection as last R zone on daily, likely to see more downside on EA.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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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.
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EUR/AUD H4 AnalysisPrice printed a bullish impulse earlier this month. The subsequent price action saw a break through and close above the 1.6200 barrier. This was previously support back in early September.
Now with price seemingly forming a corrective pattern and retesting 1.6200, we wait to see if buyers enter the market for the next impulse higher.
EUR/AUD Short Trade Setup – 4H ChartThis trade is only valid if the current 4 hour candle closes below 1.62364.
I'm currently looking at a potential short opportunity on EUR/AUD after the upward trendline was broken, confirming a shift in momentum. Price has retested the broken trendline and respected the downward trendline, which remains valid.
Entry: 1.62620
Stop Loss (SL): 1.62850
Take Profit (TP) Targets:
TP 1: 1.62364 (Set Stop Loss to Break Even at this point)
TP 2: 1.61944
TP 3: 1.61171
TP 4: 1.60330