Classic Support & Resistance - EURAUD SellIn correlation with the EURUSD Sell and Beginning of a downtrend so it's more likely to be filled with momentum
EURAUD trade ideas
EURAUD Bullish breakout supported at 1.7050The EURAUD currency pair maintains a bullish sentiment, supported by the prevailing long-term uptrend. However, recent price action suggests an overextended bullish breakout, approaching significant resistance zones on both daily and weekly timeframes.
The key trading level to watch is 1.7050. A potential overbought pullback from current levels, followed by a bullish rebound from 1.7050, could extend the upside, targeting 1.7320, with further resistance at 1.7676 and 1.7800 over a longer timeframe.
Conversely, a confirmed break below 1.7050, with a daily close under this level, could signal a corrective pullback towards 1.6880 and 1.6800.
Conclusion:
While the broader trend remains bullish, the current overextended move suggests the possibility of short-term retracements. Holding 1.7050 as support will be critical for further upside continuation, while a breakdown below this level could trigger deeper corrections. Traders should monitor price action closely and adjust risk management accordingly.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
EURAUD - Signs of Resumption of Bull RunEURAUD has been in a super bullish trend. It seems to be completing pull back as it reaches area of support marked at level of last bullish order block. We can consider opening long position once descending trendline is broken and awesome oscillator lands in positive territory.
EURAUD Wave Analysis – 31 March 2025
- EURAUD rising inside impulse wave iii
- Likely to reach resistance level 1.7400
EURAUD currency pair recently reversed from the support zone between the support level 1.7080 (low of the previous wave a), 20-day moving average and the support trendline of the daily down channel from the start of March.
The price earlier broke the resistance trendline of the aforementioned down channel – which accelerated the active impulse wave iii.
Given the clear daily uptrend and the bullish euro sentiment, EURAUD currency pair can be expected to rise to the next resistance level 1.7400 (which stopped the previous impulse wave i).
EUR/AUD For Bullishwait for pull-back near by entry point and then go long
general trend is up trend
have fun :)
EUR/AUD Falling Wedge Pattern - Trade Buy Setup **EUR/AUD Falling Wedge Pattern - Trade Setup**
**Pattern:** Falling Wedge (Bullish Reversal)
A falling wedge typically signals a potential breakout to the upside. If price breaks above resistance with strong momentum, a bullish rally is expected.
**Trade Details:**
📌 **Entry Point:** 1.71300 (Breakout confirmation above resistance)
🎯 **Target:** 1.74100 (Projected move based on wedge height)
🛑 **Stop-Loss (SL):** 1.70700 (Placed below recent support for risk management)
📊 **Indicator Used:** **EMA 50** (Price above EMA 50 strengthens bullish confirmation)
**Technical Outlook:**
1. **Breakout Confirmation:** Price should break above the wedge resistance with strong volume.
2. **EMA 50 Support:** If price stays above the EMA 50, it adds confluence for an upward move.
3. **Risk-Reward Ratio:** ~1:4 (Good potential reward relative to risk).
**Market Factors to Consider:**
🔹 **Fundamentals:** Keep an eye on economic news affecting EUR & AUD, such as interest rate decisions, inflation data, and employment reports.
🔹 **Market Sentiment:** Any risk-on or risk-off sentiment shifts could influence price movement.
🔹 **USD Correlation:** EUR and AUD react to global risk trends; any USD strength could impact the pair.
EURAUD in bullish trend EURAUD in bullish trend about to break the most prominent Higher low, entry with a sell stop. RR 1:1
EURAUD Maintains Buy InterestThis pair is currently on a bullish trend on the higher timeframe, a top down analysis indicates that buyers interest should pick from this zone.
A solid rejection to the upside after liquidity sweep would confirm the bias for this trade.
EURAUD consolidation towards the key trading level at 1.0750The EURAUD currency pair maintains a bullish sentiment, supported by the prevailing long-term uptrend. However, recent price action suggests an overextended bullish breakout, approaching significant resistance zones on both daily and weekly timeframes.
The key trading level to watch is 1.7050. A potential overbought pullback from current levels, followed by a bullish rebound from 1.7050, could extend the upside, targeting 1.7320, with further resistance at 1.7676 and 1.7800 over a longer timeframe.
Conversely, a confirmed break below 1.7050, with a daily close under this level, could signal a corrective pullback towards 1.6880 and 1.6800.
Conclusion:
While the broader trend remains bullish, the current overextended move suggests the possibility of short-term retracements. Holding 1.7050 as support will be critical for further upside continuation, while a breakdown below this level could trigger deeper corrections. Traders should monitor price action closely and adjust risk management accordingly.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
EURAUD PRINTING REVERSALTechnically:
EURUAD is printing decending wage
EURAUD is printing bearish divergence
EXY is bearish
EURAUD(Speculation for the Day)Simple Trade with Simple Profit..Enjoy the Trade.Follow for more video Analysis like this.
Bulls are not done yetThe bulls on EurAud don't seem to be done yet. Just last week, EurAud hit a 3 year ATH. What is price going to do next? Higher prices or is it time for a reversal?
EURAUD: Bearish Forecast & Outlook
Looking at the chart of EURAUD right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely.
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EUR/AUD Rising Wedge Short Setup🔥 EUR/AUD Rising Wedge Short Setup 🔥
📍 Entry: 1.72200 (Sell)
🎯 Target (TP): 1.71400
🛑 Stop Loss (SL): 1.72800
📊 EMA: 50-period (for trend confirmation)
⚖ Risk Management Applied
📉 Analysis & Considerations:
✅ Rising Wedge = Bearish pattern 📉 → Expecting a downside move.
✅ EMA 50 Check → If price is below EMA, confirms short bias. If above, reconsider trade.
✅ Risk-Reward Ratio (R:R)
Risk: 🚨 60 pips (SL: 1.72800 – 1.72200)
Reward: 🎯 80 pips (TP: 1.72200 – 1.71400)
R:R = 1:1.33 → Decent, but could be better! 📊
🔥 Trade Execution Plan:
🔻 Sell Below 1.72200 → Wait for confirmation candles 📉
🔻 SL Above 1.72800 → Protect against fakeouts 🚫
🔻 TP at 1.71400 → Wedge breakdown target 🎯
🛠 Extra Risk Management Tips:
📏 Lot Size: Adjust based on 1-2% risk per trade ✅
📉 Look for Bearish Confirmation: Rejection candles, RSI/MACD divergence 🚦
potential buyI am patiently waiting for the price to reach the order block before executing my buy order, ensuring that the market confirms my setup before I commit. With a refined strategy in place, I plan to enter the trade once the price reacts to the order block, using Fibonacci confluence and price action signals for validation. My risk management is set, with a stop-loss positioned just below the order block to minimize potential downside, while my target is strategically placed at the projected resistance level. Focused on maximizing my risk-to-reward ratio, I stay disciplined, ready to adjust my approach based on market behavior while aiming for a high-probability trade.
EURAUD(Understanding Market Movement)The EURAUD Analysis is an example of how we understand the market and act according..Note that Analysis is just a raw Data and more information is needed to make a picture understanding..ENJOY while it last.
TRADE THE FACTS!!!!...NOT...what you think will happenAll the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade then this is how you will gain consistency in you trading and build confidence
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EURAUD to 1.74000 LevelLooking at the EA Chart Price made a strong move to the upside from the 1.71000 level which after the move price broke above a Strong Key Level around 1.72 with a Lower High Break of Structure, Currently i can see price forming a nice Inverted H&S Pattern at the Key Level giving me a strong indication price wants to break previous Market Structure Higher Lows. I do believe if price stays above the Key Level it will eventually reach the 1.74 level at least a move to the first Market Structure High ( 1.73 level ). The Euro has started the month with some good fundamental data and now that AUD data is being released and so far is not looking good I'm more confident price will start pushing anytime soon.
EURAUD Will Move Higher! Long!
Here is our detailed technical review for EURAUD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.721.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.729 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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EURAUD: Strong Bullish SignalsThere are clear confirmations of bullish momentum on the 📈EURAUD:
This is evident from the breakout above a resistance line in a bullish flag pattern and the formation of a confirmed change of character CHoCH on the 4-hour chart.
I believe that the market is likely to sustain its upward movement, with the next resistance level seen at 1.7300.
EUR/AUD For Bullishyou can go long now
or
wait for pull-back near by entry point and then go long
general trend is up trend
have fun :)
EURAUD, 1H EURAUD broke the down trend and broke the resistance.
Now we are looking for BUYING opportunity on the retest of the trend.
