Price Stalls Near Resistance, Pullback for Bullish ContinuatiomPrice has extended into a major weekly resistance zone after a strong impulsive move. With momentum slowing, we anticipate a corrective pullback toward the 1.73400–1.75000 zone. We'll be looking to take advantage of this move, as it could present both short-term sell opportunities and a clean re-entry point for the overall bullish trend continuation.
EURAUD trade ideas
EUR/AUD 4H Trade Setup: Demand Zone Bounce to 1.87500🔵 Key Zones and Levels
🟦 Demand Zone: Strong support area where price has bounced multiple times.
✅ Confluence with the trendline gives extra strength.
🎯 Entry Point: 1.78990
Perfect spot for a potential buy setup.
🛑 Stop Loss: 1.76962
Below the demand zone to protect against false breakouts.
🚀 Target Point: 1.87500
Profit goal with an impressive +4.85% potential (867.4 pips)!
📊 Price Action
📍Current price: 1.80528 (hovering near EMA and close to entry)
🔁 Price has tested the support zone several times — showing signs of accumulation.
⬆️ Potential bullish breakout from this zone.
🔍 Indicators & Patterns
📏 EMA (7): Price is near it, waiting for a clear move above for momentum.
📈 Trendline: Holding well as dynamic support.
🔶 Channel pattern: Higher highs and higher lows indicate uptrend structure.
📌 Summary
🟢 Buy Setup:
🛒 Entry: 1.78990
🛑 Stop Loss: 1.76962
🎯 Target: 1.87500
⚖️ Risk-Reward: Great R:R setup with strong technical backing!
Mon 14th Apr 2025 EUR/AUD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/AUD Sell. Enjoy the day all. Cheers. Jim
EurAud sell insight Price rejects an old weekly level 1.84352 clearing the previous week's high 1.82907 hence closing bearish.
Now I'm anticipating the previous week's low to be cleared so I'm bearish for the week 1.71115 (previous week low) as my draw of Liquidity 🧲
1.81291 and 1.84782 are my point of interest to short after getting confirmation
Kindly boost of you find this insightful 🫴
EURAUD Will Go Down! Sell!
Here is our detailed technical review for EURAUD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.804.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.720 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Bullish bounce off pullback support?EUR/AUD has bounced off the pivot and could rise to the pullback resistance.
Pivot: 1.79142
1st Support: 1.76955
1st Resistance: 1.82291
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EURAUD – Correction May Be Complete, Bearish Scenario in PlayI’m currently interpreting the recent price action on EURAUD as a classic five-wave decline, followed by a three-wave corrective structure, likely in the form of a Zigzag. Notably, this correction ended around the 50% Fibonacci retracement level, which adds credibility to the bearish setup.
Trading plan:
Short positions may be considered after a confirmed breakout below wave B at 1.78730, which would indicate the resumption of the downtrend.
However, if price continues to rise and breaks through 1.85568, this scenario becomes invalid, and bearish setups should be abandoned.
Always let the market confirm your bias.
EURAUD, Bullish Bias, Fundamental and Technical AnalysisFundamental Analysis
1. Seasonality shows bullish momentum in EURAUD from 10 Apr to Mid of May
2. COT data shows net positions reduction in AUD while Increasing in EUR
3. Overall score of EUR is bullish and AUD is bearish
Technical Analysis
1. EURAUD broke 2 year Rectangular consolidation box
2. strong breakout appear
3. Bulls are in charge
4. Waiting for retest of breakout for entry
5. 1st buy 1.74 with Sl 1.704,
2nd buy if SL hit of 1st buy, entry @ 1.68 with SL 1.634 increase risk to 2%
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