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EURAUD trade ideas

EURAUD H4 Double Top: More Downside Ahead?EURAUD is showing a classic double top pattern on the H4 chart. Price action has already broken the neckline, and it seems to be retesting it now. If the retest holds, we could expect further downside for this pair. This setup aligns well with bearish momentum, so it might be a good opportunity to watch for short entries. Make sure to confirm with other indicators and manage your risk effectively. What are your thoughts on this pattern? Are you looking to short EURAUD too? Let me know below!
Short
by KinkiHuang
EURAUD Looking for 150pips When you're taking a trade on EUR/AUD with a 150-pip profit target and a 40-pip stop loss, you're aiming for a trade setup that has a reward-to-risk ratio of 3.75:1. This means for every pip you risk (40 pips), you're potentially earning 3.75 times that amount (150 pips). Here's a breakdown of the thought process: 1. Setting the Profit Target (150 Pips) The 150-pip target likely corresponds to a significant level on the chart, such as a previous support or resistance zone, a Fibonacci extension level, or a major pivot point. This target should be realistic based on the current volatility and historical price action of EUR/AUD. Check for daily average range: If EUR/AUD tends to move around 100-150 pips per day, this makes the target more achievable within a reasonable time frame. 2. Defining the Stop Loss (40 Pips) A 40-pip stop loss should ideally be placed below/above a significant technical level, such as: Recent swing highs/lows. A moving average. A key Fibonacci retracement level. The stop should protect you from a potential market reversal but not be so tight that normal market noise would trigger it. It’s important to make sure that placing the stop here still keeps you below a key invalidation level, meaning if the stop is hit, your initial analysis was incorrect.
Long
by LORDOFTHETRADERS
"EUR/AUD may rise from this level.""EUR/AUD may rise from this level." As always, it's essential to apply proper money management and never trade without placing an appropriate stop-loss. Remember, trading is a game of probabilities, so your success should be measured over a series of trades, not just one. Guys always read this quote.It will help you mentally."I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, 'I just lost my money, now I have to do something to make it back.' No, you don't. You should sit there until you find something.” “Jim Rogers: Thanks!
Long
by UnknownUnicorn89138523
Targeting the Golden Fibonacci Level for Shorts EUR/AUD Analysis: Potential Move Up to the Golden Fibonacci Level Based on Fibonacci levels and structural analysis, we might see OANDA:EURAUD move up toward the golden Fibonacci level, presenting a potential selling opportunity. Once the price reaches this level, it will be essential to observe how the market reacts. Our target is the next order block above. If we see rejection at this level and the formation of a bearish structure, we will consider looking for short positions.
by GlebalTrader
#1 Forexpair EURAUD is Down Trending Am about to soak the rice for about 10mins before I boil it for another 7 mins.. This is what the instructions say on how to cook rice on the rice packet Will this work?🤔 I don't know. Is this the exact instructions? No it's not. The method of how to cook the rice is based on my tolerance level Meaning how much time am I willing to wait for it to cook plus the amount of gas that is needed to cook it. Risk Management in trading is very similar to cooking rice on a gas stove You need to calculate the best strategy to save on gas or firewood or charcoal to cook your rice In this chart FX_IDC:EURAUD The following 3 Steps have happened: 👉the price is below the 50 EMA 👉the price is below the 200 EMA 👉the price has gapped down on a down trend These 3 Steps confirm a down trend market price. 🚀 Rocket boost this Content to learn more ⚠️Discliamer: Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not.
Short
by lubosi
Bearish Outlook with Key Support Levels & Bullish ReversalEUR/AUD appears to be in a bearish trend and could drop to the 1.6200 level. At this point, we expect two possible scenarios: it may either find support at 1.6200 and reverse upward, or, if it breaks below this critical support level, there is a strong possibility that it could drop further, possibly down to 1.6030. From the 1.6030 level, we believe the bulls may step in, leading to a buying opportunity, signaling the start of an upward movement.
by FXTradingAnalysis
#EURGBP chance to catch wave 5Based on Elliott Wave theory, wave 5 of a motive move is often one of the best to trade, and we might have the opportunity to catch it here. It appears we are at the end of wave 4, which, in comparison to wave 2, has been more complex and prolonged, in line with the principle of alternation. Additionally, the price seems to be forming a failure swing, which is a bottoming formation, and according to Charles Dow’s principles, this is one of the three key tradable patterns. To trade this setup, one could either enter now with a stop at the low of wave 4, or wait for a new high to form on this timeframe and place the stop below the current low. Looking forward to seeing how this trade idea unfolds.
Long
by mohemati
2
EURAUD💡Hello everyone, EURAUD chart analysis The price is moving inside a falling wedge pattern, which consists of two decreasing lines that indicate that there is gradually diminishing selling pressure. Buy scenario:⬆️ If the price manages to break the falling wedge pattern upwards. Breaking the wedge is usually a strong signal that the downtrend is over and the price is preparing to rise. Sell scenario:⬇️ If the price fails to break the falling wedge upwards and continues to trade inside or below it, this may be an indication of a continuation of the downtrend. ⛔️ Not investment advice, for educational purposes only.
by Adhamcurrency
1