Assumed channelHello friends.
According to the drawn channel, I expect a correction towards the midline range.
what is your opinion?
Good luck.
# Let's look simply
EURAUD trade ideas
EURAUD - Break or BounceTaking a look at EURAUD on the daily timeframe, it finanlly arrived at a level of descending resistance. Question now though is will it break or bounce?
Leave comments below. Let me know what you think of this pair.
Trade Safe
EURAUD - Technical's Herald a Prospective Bearish ReversalThe EURAUD has recently been in a bullish trend, but several technical indicators suggest a potential shift. The presence of a bearish divergence, the completion of an AB=CD pattern, and the break of the neckline at 1.63781 indicate a possible bearish reversal. A sell opportunity could emerge if the price action forms a lower low, breaking the previous higher low. Stay alert for these signals.
EURAUD Sell EURAUD has been in the overbought zone. I see a hidden divergence on the chart, but we need to confirm it before entering a sell position.
Swing Trade For EURAUD EURAUD has been in the overbought zone. I see a hidden divergence on the chart, but we need to confirm it before entering a sell position.
EURAUD short SwingMarket transitions from uptrend after we see counter trendline break and break of structure to the downside.
the head and shoulder that was broke didnt get a proper retest and now we are seeing a proper retest of it.
all this is in confluence with SnR zone and a channel, all this forms a good confluence.
1.64 is a good point for sellers to push the market.
If market can take out 1.6 and 1.589 then our target will now 1.53
EurAud- Important break could lead to 1k pips riseAfter a recent dip to the 1.6 zone and a period of consolidation, the EUR/AUD has reversed strongly over the past two weeks, leading to a significant breakout.
As shown in the chart, following an initial upward movement lasting about a year, the pair corrected and consolidated within a falling wedge pattern for another year.
Currently, we see a clear breakout above the falling wedge's resistance, which could lead to a rise of approximately 1,000 pips in the medium to long term.
Swing and positional traders might consider buying on any dips around 1.64, aiming for a target of 1.75, while keeping the interim resistance and falling wadge's target at 1.7 in mind.
EURAUD I Price has reached the resistance execution area 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.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Tips and Tricks on How to Trade the Inside Bar Candlestick Tips and Tricks on How to Trade the Inside Bar Candlestick Formation
What is an Inside Bar?
An Inside Bar is a two-bar price action pattern where the second bar (the inside bar) is completely contained within the high and low range of the first bar (the mother bar). This often signifies a period of consolidation or indecision.
Trading the Inside Bar:
Breakout Strategy: Look for a strong breakout above the mother bar's high for a long position, or below the mother bar's low for a short position.
Volume Confirmation: Increased volume on the breakout candle can strengthen the signal.
Stop-Loss Placement: Consider placing your stop-loss at the opposite end of the mother bar.
Risk-Reward Ratio: Ensure a favorable risk-reward ratio before entering a trade.
False Breakouts: Be aware of false breakouts, especially in ranging markets.
Combine with Other Indicators: Use the inside bar in conjunction with other technical analysis tools for improved accuracy.
Remember, the inside bar is a powerful tool, but it's not a foolproof strategy. Always practice risk management and consider using it as part of a broader trading plan.
#tradingview #insidebar #priceaction #forex #stocks #tradingtips
EURAUD short So yesterday I looked at this pair as it took out a major swing point. I was waiting to see how it dealt with the structure. It showed weakness yesterday and this morning it has just printed a reversal pattern. LQ sweep has taken place.
Let's see how this trade idea works out
please add your opinions
EURAUD LONGMarket Structure Bullish on HTFs
Entry within both Daily and Weekly AOi
Weekly Rejection At AOi
Strong Weekly Bullish momentum
Daily Rejection At AOi
entry also at a Daily and H4 HL level
Around Psychological Level 1.62500
Previous Daily Structure Point
H4 Candlestick rejection
Rejection from Previous structure
Levels 5.68
Entry 100%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Stay Hydrated
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EURAUD is going downEURAUD has reached key line.
The price is going down.
You can see the 50% of the FVG on weekly time frame.
That is TP.
The price will reject there.
EURAUD BIG FALL!!In my video, I explained everything you need to know about my analysis of this pair. This pair has been trending up for a very long time and I guess this will be the stop for it because what goes up comes down. let me know what you think about this video
EURAUDAfter a long pump generated by the algorymth we can expect a slight pull back to fill entry of the late
DCF Bets: EUR+2/AUD-6Today's market presents an opportunity for a long bet on EUR+2/AUD-6 with a risk-to-reward ratio of 1:1½ or better. I've set a limit order at the beginning of EUR's demand zone, which will expire by the end of the day at 23:00 GMT+2. My total risk for this trade is ≈5%.
EURAUD SELLHi fellow traders, EURAUD is ready to make a move lower from the blue box after completing the flag correction. Target the 1.5736 level and move your stoploss to break even as soon as we reach the ‘Risk free zone’. Good luck and trade safe!
euraud analysis elliot. 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
EUR_AUD POTENTIAL SHORT|
✅EUR_AUD went up sharply
But a strong resistance level of 1.6423 was hit
Thus I am expecting a pullback
And a move down towards the target at 1.6373
SHORT🔥
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EURAUD: Poised for an Upward MoveFundamental Factors:
Interest Rate Differentials: A widening interest rate differential between the Eurozone and Australia could favor the Euro. If the ECB adopts a more hawkish monetary policy compared to the Reserve Bank of Australia, it could lead to EURAUD appreciation.
Economic Performance: Stronger economic growth in the Eurozone relative to Australia might boost the Euro's value. Factors like GDP growth, unemployment rates, and inflation can influence currency movements.
Commodity Prices: The Australian dollar is often correlated with commodity prices, particularly those of iron ore and coal. A decline in commodity prices could weaken the AUD, making EURAUD a potential buy.
Technical Factors:
Chart Patterns: Bullish chart patterns like ascending triangles or double bottoms can indicate potential upward momentum in EURAUD.
Support and Resistance Levels: A break above a key resistance level can be a bullish signal, while support levels can act as potential entry points.
Technical Indicators: Overbought conditions on oscillators like RSI or Stochastic can indicate potential reversal, but they should be used in conjunction with other indicators and analysis.
Remember: Fundamental and technical analysis should be used in conjunction with risk management strategies. The forex market is highly volatile, and past performance is not indicative of future results.
Would you like to explore any of these factors in more detail? Or perhaps you're interested in discussing potential entry and exit points for a long EURAUD position? chat me
EURAUD SHOWING DECIINE IN BULLISH MOMENTUM AFTER A LONG RALLYAccording to Wealth Bridge Co. findings ,we are almost close to our conclusion of this short on EURAUD, we are not short yet , we still eying on some confluences to be ticked out pre go short.
EURAUD SHOWING DECIINE IN BULLISH MOMENTUM AFTER A LONG RALLYAccording to Wealth Bridge Co. findings ,we are almost close to our conclusion of this short on EURAUD, we are not short yet , we still eying on some confluences to be ticked out pre go short.
Potential declining on euro against aud,according to bbi thoeryWait for more confluence to accur on LTF before we short
