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EURAUD trade ideas

EURAUD UpdateEURAUD pair has formed a valid ascending channel with 3 touches till now and we're waiting for the 4th Also this pair has broke the resistance zone 1.6565 so we're waiting for a retest and in the same time it will be our 4th touch of the channel Once this pair hits the price we will be looking for long (buy) position and we also will be waiting it to break with an H4 candle below the 4th touch to enter a short (sell) position Trade safe Family and follow us for more updates
Long
by HazTheTrader
TradeCityPro | EURAUD : A 627-Day Consolidation Zone👋 Welcome to TradeCityPro! In this analysis, I want to review the EURAUD forex pair for you. The analysis is conducted on the daily timeframe. 📅 On the daily timeframe, the pair has been ranging between the support level of 1.60295 and the resistance level of 1.68538 for a very long time. The duration of this range has now reached 627 days. 🧩 Currently, the price is facing resistance at 1.65286, and if this resistance is broken, it could move toward the top of the box. A break of 66.57 on the RSI could introduce bullish momentum into the market and increase the likelihood of breaking this resistance. 📈 If the price reaches the top of the box, the resistance at this level is 1.68538, which is a very strong resistance. If this level is broken, the next area to watch is 1.72457. 🔽 In the event of a decline, the first area of support is at the bottom of the box. If this level is broken, the next support is at 1.58785, which is close to the bottom of the box. The major support levels to watch after that are 1.56542 and 1.52961. ✨ Considering the prolonged duration of this box, if it breaks on either side, it could act like a compressed spring, moving sharply and powerfully in the direction of the breakout. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
2
EURAUD - Potential Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower. But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of weakness, so potentially there is a higher probability to see price lower. Your success is determined solely by your ability to consistently follow the same principles.
Short
by Maks_Klimenko
#004 NEW DCA EURAUD SHORTForgot to jot down this trade, I think. I have two or three positions as I DCA into this pair when price goes against me. Previously I traded in the long position, but I switched gears and began shorting, I think. Before this trade, I was trading 100 unit positions, but when I switched gears, I upped the units to 200. I feel that I should sit and wait instead of thinking of why the market does what it does. Secondly, even if I blow my account, I should not mentally throw away the effort i have put forth thus far, especially if I want to continue doing this method but I just f up. It's ok to make mistakes and to blow accounts. When you arrive, you don't just come with nothing, you reached this point with alot of understanding and also painful wisdom. Third is that, I have seen more than enough that price does hit the TP more often than not. So, dont DCA too much. Do it at significant levels, do not multiplier. And, wait, because price take time to reach your desired exit price. It takes 2 weeks or so, for 15 Minutes and 1H trading. Be patient. 2259SGT 11122024
Short
by ProfessionalDuckHunter
EURAUD Long - entered long here as price tagged and got absorbed around POC. could have been a better entry as price tagged S1 and immediately started to pull back to POC but quick absorption around it gave me confidence to hold overnight. I booked majority position around 1:1 considering position of CPR and AUD cash rate news due to come in 2 hours. Final target on EA. that too before cash rate comes out. I am full out here as price hit PD AVWAP and POC. will wait for the news to hit and then see what can be done here.
Long
by Osiris992
EURAUD I Potential long to middle of the channel Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy