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EURAUD trade ideas

#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
Euraud long trade ideaHello everyone, I've identified a fresh Demand zone in the EUR/AUD pair, and the location is quite appealing. 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
Euraud bullish for 1200 pipsIf you're looking at a bullish scenario for the EUR/AUD pair with a target of 120 pips, it's important to consider the current technical and fundamental factors driving the pair. Here's a broad analysis: 1. Technical Analysis: Support and Resistance Levels: Identify key support and resistance levels. If EUR/AUD has broken through a significant resistance, it may indicate further upside potential. Moving Averages: Look at short-term and long-term moving averages (e.g., 50-day and 200-day MA). A crossover or strong upward trend could indicate a bullish trend. Chart Patterns: Are there any bullish formations such as an ascending triangle, cup and handle, or inverse head and shoulders? Indicators: Relative Strength Index (RSI) or MACD divergence may suggest overbought or continuation signals.
Long
by LORDOFTHETRADERS
EURAUD Short Bias – Bearish OB Rejection and Sell-Side EQLTargetEURAUD is currently in a clear downtrend. After sweeping sell-side liquidity at 1.60237, price retraced into a daily bearish order block (OB), which is a high-probability setup. The latest candle has closed within and below the OB, signaling further bearish momentum. Price is displaying a shift from External Range Liquidity (ERL) to Internal Range Liquidity (IRL), with sell-side liquidity and equal lows (EQL) at 1.59973 as the next target.
Short
by INSIDER_INTEL
1