Anticipating a Long on EURAUDSweep of liquidity, Market Structure Shift, Liquidity pool... Everything points to a buy!
But then again, it's the market, therefore, APPLY PROPER RISK MANAGEMENT
EURAUD trade ideas
Could EUR/AUD bounce from here?Price is falling towards the pivot which has been identified as a pullback support and could bounce from this level to the 1st resistance.
Pivot: 1.6229
1st Support: 1.6174
1st Resistance: 1.6285
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Rising into overlap resistance, could it reverse from here?EUR/AUD is rising towards a resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could potentially reverse from this level to our take profit.
Entry: 1.62787
Why we like it:
There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.63283
Why we like it:
There is a pullback resistance level which lines up with the 88% Fibonacci retracement.
Take profit: 1.62230
Why we like it:
There is a pullback support level.
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EURAUD to find buyers at market?EURAUD - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
Intraday signals are mixed.
Preferred trade is to buy on dips.
Bespoke support is located at 1.6250.
We look to Buy at 1.6250 (stop at 1.6210)
Our profit targets will be 1.6350 and 1.6400
Resistance: 1.6330 / 1.6375 / 1.6420
Support: 1.6250 / 1.6210 / 1.6165
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EURAUD - 4hrs ( Sell Trade Target Range 240 PIP ) Pair Name : EUR/AUD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Short )
Type : Mid Term Swing
———————————
Bearish Break
1.62750 Area
Reasons
- Major Turn level
- Weekly Zone
- Choch
- Channel Retest
- day + week Low
- Fibo Golden Mid Wave
- Visible Range lvn
- Major Triangle Break Out
Bullish Reversal
1.60000 Area
Reasons
- Major Turn level
- Pattern Target
- Fibo Golden High Wave
- Visible Range Hvn
- Quarter's Low area
- Major Choch / D
EURAUD SHORTMarket Structure Bearish on HTF
Weekly and Daily at the same AOi
Weekly Rejection At AOi
Weekly EMA retest
Daily Rejection at AOi
Round Psychological Level 1.63500
H4 EMA retest
Candlestick Rejection
SOS 1:4.58
Entry Signal 95%
REMEMBER: Trading is a Game Of Probability
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EUR/AUD Possible wave upward(5/15/2024)EUR/AUD seems to be making a new upward wave.
EUR/AUD made a good move as Wave 1 and then we can see a big ABC correction.
We believe that the price will move upward after touching the multi-resistance level at the 1.626 zone.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.
EURAUD LONGEURAUD has reached the bottom of the PML ,PDL & PML so that mean THE market has to retest back up to the PDH ,PWH,PMH ZONE also because the AXY is losing strength and the DXY gaining
EUR/AUD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
The BB upper band is nearby so EUR-AUD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.622.
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DeGRAM | EURAUD rebound from dynamic supportEURAUD is moving in a descending channel between the trend lines.
The chart has reached dynamic support and a support level coinciding with the 62% retracement level of the last bullish impulse.
The previous reach of support was followed by a bounce twice.
We expect a rebound after the support retest.
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EURAUD SHORTPrice Action Trading.
Price is bearish on the higher timeframe. Daily
As price returned to horizontal level at H4/Daily, it rejects and formed a bearish flag pattern.
So price break below the flag and H1 support level and closing lower low.
Set a short trade R:R 1:4 targeting Next Daily swing low from the H1 horizontal level.
✅EUR_AUD SHORT FROM RESISTANCE🔥
✅EUR_AUD is going up to retest a horizontal resistance of 1.6380
Which makes me locally bearish biased
And I think that we will see a pullback
And a move down from the level
Towards the target below at 1.6288
SHORT🔥
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EURAUD Buy BIAS Iam looking to buy on the recently formed daily / 4h demand zone .
my confluence is the liquidity located in the "support" area where most buyers are .. ill wait for the liquidation of the early buyers before initiating my buy positions
EURAUD Trade IdeaPossible trade idea for EURAUD looking like it's trying to play out.
Happy Trading! :)
EURAUD Lately on EURAUD price has retested both the daily Inverse gap + the daily fair value gap and has closed below the both of them now ready to take out those swing lows
EURAUDi don't think so , the price will go down or up
haha
what do you think guys?
this is so disappointed.
Timeframe H4 ; clear downtrend
but, some tiggreeeddd when the price break the resist!!
what do you think guys
please share
disclaimer this is not a signal
thanksyou
EURAUD MAY 2024 WEEK 3 OUTLOOK -
Daily - flip of AU here. price has already tagged S1 on daily and so, we can expect a pullback here. could be to the POC.
Origin - this confirms pullback theory from daily. as long as price stays above **1.63210 - 1.63003** bias will remain long and vice versa. since we are trading around start of month AVWAP it is critical to see how price reacts from this area.
EURAUD MAY 2024 WEEK 3 OUTLOOK -
Daily - flip of AU here. price has already tagged S1 on daily and so, we can expect a pullback here. could be to the POC.
Origin - this confirms pullback theory from daily. as long as price stays above **1.63210 - 1.63003** bias will remain long and vice versa. since we are trading around start of month AVWAP it is critical to see how price reacts from this area.
EurNzdMotive to go up based on last weeks, price action and are current rejections from the downside promoting upward movement
EUR/AUD DailyPrice looks to be moving within a daily downtrend as shown by the subsequent lower highs and lower lows on the chart. Daily support sits at 1.6150 which was last tested and rejected several times over December 2023 and January 2024. If price continues on its trajectory, we could see support tested before the end of this new trading week.
