EURAUDcurrently on EURAUD on the daily timeframe price took out the previous day low and closed above indicating a strong support level to push price to the upside, also price has just taken out the previous months CRL, now price is able to reverse
EURAUD trade ideas
euraud buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURAUDSeasonality Analysis: Historical data suggests a Bullish seasonality for EURAUD during this period, indicating a higher likelihood of Upward movement in the pair.
RSI Bullish Divergence: The Relative Strength Index (RSI) is showing a Bullish divergence. This occurs when the price is making LL and LH, but the RSI is making HH and HL, signaling that the Downward momentum is weakening and a potential reversal is likely.
Trendline Break: The price is approaching a key trendline, and a break above this trendline would indicate a shift from the current downtrend to a uptrend. This break would act as confirmation for entering a long position.
Trade Setup:
Entry: Use a Buy stop order to enter the long position once the price breaks Above the key trendline. This ensures that you only enter the trade if the Bullish trend is confirmed.
EURAUD SELL SHORT👉🏻 Market cycles are the essence of trading, and recognizing them can give you an edge. 📉 The chart presents a compelling setup for a short trade on the EUR/AUD pair, demonstrating the cyclical nature of the market.
📌 Pattern Analysis: The recent price action shows a significant peak followed by a sharp decline, signaling a potential reversal from the previous bullish trend. The price has broken below a key support level, now turned resistance, confirming the bearish momentum. The current consolidation near the 1.6465 level appears to be forming a continuation pattern, likely leading to further downside.
📌 Next Move: The projected move indicates a strong potential for further declines, with a target zone around 1.6050, as indicated by the green area. The blue arrow outlines the expected path, anticipating a continuation of the downtrend.
📉 Risk Management: The stop-loss is strategically placed above the recent high near 1.6759, providing a favorable risk/reward ratio. This setup is ideal for traders looking to capitalize on the continuation of the bearish trend with a well-calculated entry.
👉🏻 Conclusion: Capital preservation remains the priority. By aligning with the current market sentiment and trend, this short trade setup offers a clear opportunity for profit. As always, patience and strict adherence to your trading plan are vital.
📩 If you have any questions or want to discuss this analysis further, leave a comment or send us a message. We’re here to help! 😃
EURAUD Is Going Up! Buy!
Take a look at our analysis for EURAUD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.602.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.613 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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#EURAUD 1 DAYEUR/AUD 1-Day Chart Forecast:
The EUR/AUD pair on the 1-day chart is showing signs of bearish momentum, presenting a potential sell opportunity. The market appears to be in a downtrend, with price action favoring further declines in the short to medium term.
Here are the key factors supporting the sell forecast:
Downtrend Continuation: The pair is likely respecting a downward trendline or consistently forming lower highs and lower lows, indicating strong selling pressure.
Bearish Indicators: Technical indicators such as the RSI or MACD could be signaling bearish divergence or oversold conditions, confirming the potential for continued downside movement.
Key Resistance Levels: The pair may have recently bounced off a key resistance zone, providing an attractive entry point for short positions.
Traders considering a sell trade should place stop-loss orders above recent swing highs to manage risk, while targeting previous support levels as potential take-profit areas. Monitoring the market for any signs of trend exhaustion or reversal is crucial, but overall, the **technical outlook favors a sell strategy for EUR/AUD on the 1-day chart.
euraud buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Long scalp on EURAUDThe price hit a strong support level.
Price made a double bottom.
RSI is moving up showing bullish momentum.
Small scalp with 1.45 R
EUR_AUD LONG FROM SUPPORT|
✅EUR_AUD is going down now
But a strong support level is ahead at 1.6000
Thus I am expecting a rebound
And a move up towards the target at 1.6150
LONG🚀
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EURAUD I Potential long from demand and bottom of the channelWelcome 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.
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EURAUD📊 #EURAUD
⏱ TIME: 4H
📝The price has reached the bottom of its 4-hour range (green box), it is expected to make an upward movement from here
⭕️risk: MID
📍The initial buying limit: 1.60300
📌TP1: 1.61200$ (free)
📌TP2: 1.62200$
⛔️SL: 1.59400 $
EurAudb Trade IdeaJust took some shorts on EurAud with price being over all bearish. Price ended up coming back to a lower high where price then gave a double top giving us multiple rejections to continue heading to the downside while still maintaining those bearish structures. I'm looking for a 1:3rr on this set up. With price still being bearish we may even see price tap back into 1.60430.
EurAud Trade UpdateI sent out a short set up for AudAud and stated my reason for going short on the pair. Price ended up playing out to the T with targets getting hit before 12pm! Solid RR for the day. I spoke about price approaching 1.60430 with structures still being bearish and that's exactly where price seems to be heading for the week. Now I'll wait for the new trading tomorrow to see whether or not price will hold above or below 1.60430.
EURAUD Sell signalThe EURAUD pair gave us an excellent but signal last time (July 15, see chart below) as the price rallied straight after it, easily hitting our 1.64500 Target:
The pair is already on the new Bearish Leg of the 1-year Channel Down and until the 1D RSI starts forming Higher Lows and waves a Bullish Divergence (like the two previous bottoms), we will remain bearish, targeting 1.59500 (bottom).
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Expected level for upward movementHello friends.
In my opinion, around the bottom of the channel is a good area to move up!
At least up to the midline of the specified channel...
Good luck.
# Let's look simply
SELL EURAUD - trade explained (confluence = confidence)Trader Tom, a 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.
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EURAUD is in The bullish DirectionHello Traders
In This Chart EUR/AUD 4 HOURLY Forex Forecast By FOREX PLANET
today EUR/AUD analysis 👆
🟢This Chart includes_ (EUR/AUD market update)
🟢What is The Next Opportunity on EUR/AUD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Buying euraudOur last selling analysis almost near to our target 900 pips
Now we will enter again in buy after confirmation
EA swing longTrade with the trend. High probability setup. The trend for EA is bullish on the weekly. We can see a bull flag already formed and price created a higher high. We can expect price to bounce here as corrective wave has been completed at a lower high. I am expecting price to break to higher high before we see any bearish moves.
Euraud is bearish. Short at favourable zoneAfter our recent break of structure to the downside, price displaced further to give us another break with the trend. Below is a Bearish market structure with more than 1 zones that favour the trend.
Checklist:
1. break of structure ☑️ (x2)
2. Fvg
3. Supply zone (x2)
4. Trend- bearish🐻
In such a case, price will either:
- react to zone 1 and break structure
- use zone 1 as inducement and mitigate zone 2 to support the bearish trend
Or simply violate both zones and find strength on a higher zone. 🌟 That's how tricky trading can be so we need to take note of all possible scenarios as we do not control the market.
🕣
The Rise of EURAUD pairTrading oppurtunity will start by the shift of H4 movement to bullish. The H4 will above the simpel moving average 5 that triggers the pair to go up this week.
EUR AUD daily demand nested in weekly demand here we have a weekly demand zone highlighted grey.
inside of that zone is a nested daily demand.
the structure and location suggest a strong imbalance
