EURAUD: Failed to recover the 1D MA50. Sell signal.EURAUD is bearish on its 1D technical outlook (RSI = 42.768, MACD = -0.001, ADX = 33.915) as it reversed just before reclaiming the 1D MA50. The 1D MACD is on a Bearish Cross since last Thursday and since August 5th every such formation completed a -3.63% decline. This time such a decline would reach the S2 level exactly, which is what we're aiming for (TP = 1.60115).
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EURAUD trade ideas
EURAUD: Bullish Continuation & Long Trade
EURAUD
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy EURAUD
Entry Level - 1.6193
Sl - 1.6111
Tp - 1.6361
Our Risk - 1%
Start protection of your profits from lower levels
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EURAUD Short Trade SetupAfter a break of bullish structure and sharp sell off post U.S elections. The storm seems like its over but the bias has turned bearish so now that we have confirmation like break of trend line support and structure breakout. We will enter shorts here.
Entry: 1.6263
Targets: 1.6030 & 1.5800
Stops: 1.6500
Overlap resistance ahead?EUR/AUD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.63368
Why w like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.64463
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Take profit: 1.61518
Why we like it:
There is a pullback support level.
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ERUAUD Long OpportunityCOT report is looking solid for EURO and weak for AUD. Looking for an opportunity to go long. The setup might not appear in a way, I think it might. However, if the setup is not how I prefer, I have to practice the most difficult trading skills - patience and letting it go. Hoping for a good setup.
Long EURAUD or EURNZD now and Hold!bounced from daily order block and support, vwap below (drawn from 02 oct 2024 swing low) for further support.
Multiple wicks to retest the support failed to break it down
Trump reelection profit taking to benefit EUR.
Asian proxies like AUD and NZD has ran up yesterday, today profit takers and reassessment of risk will tank them.
Trump reelection trade war effect on asian proxies like AUD, NZD, Japan and China has yet to be realized.
Plenty of usd risk events this week has been finalized and EUR are getting some benefit today
etc
What do you think?
EUR/AUD BULLS ARE STRONG HERE|LONG
Hello, Friends!
EUR/AUD is trending up which is evident from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a beautiful trend following opportunity for a long trade from the support line below towards the supply level of 1.639.
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EUR/AUD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
EUR/AUD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.629 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EURAUD long Friday Nov 8, 2024A long trade on the EURAUD currency pair based on interest rate differential between the EUR and the AUD.
Trading is based almost entirely on technical indicators that use past price action to forecast future price action. However, the trader who ignores fundamental forces that move the markets is at a disadvantage to traders who factor fundamental data into their trading decisions.
The fundamental data that have the most effect on exchange rates are interest rates, which affect the perceived value of currencies. While central bank rates are not volatile, the yields on government bonds, such as the U.S. 10-year treasury note, fluctuate on all time frames in global bond markets. Those yields reflect the expectation the market has as to where future central bank rates will go. Bond yields are often a leading indicator of interest rates and of exchange rates. In the forex market, the metric that applies to a currency pair is the interest rate differential, especially the delta, or change in the interest rate differential, on various time frames.
This trade shows a case where movement of the interest rate differential, expressed in basis points, in the positive direction was a leading indicator of movement of the EURAUD currency pair in the same direction.
EURAUD Buy Mean Reversion TradingPrice is overextended and I am entering a Buy market.
Stochastics 20,1,1 shows extreme overselling. I think that trading is a logic game. You cannot go against the grain, otherwise you will realise very quickly that you will have a tough time cutting the meat.
As my previous entry on TradingView, I also entered on a mean reversion trade and I am just testing things out. If this particular market sells fish, don't come in with vegetable and expect to get accepted or even have anything sold. And also, understand who the people that come to this particular market operate as. Are they housewives coming to buy only a meal or two's worth of groceries? Or are they businesses that buy and sell to those housewives at their respective markets?
Know your role, and choose your role. However, you also must have the capital to start the business you choose to do. If you wanna be the one selling to the businesses who supplies the fishes to housewives, you better have the money and knowledge to get yourself a spot at the b2b fish market.
Otherwise, you can be a scalper who goes to the b2b market and buys fish and sell them to housewives.
You can't be greedy though, because fishes expire fast. If you are too greedy, you will realise that you have a bunch of rotten fishes which you could at least have suntanned them to make salted fish before they rot.