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EURAUD trade ideas

EURAUD I Potential bearish continuation Welcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
2
EURAUD:🔴Is it Bearish...?!🔴(Details on caption) As you can see the price reached the HTF bearish Inversion, which is a strong resistance and had a bearish reaction and shifted the market structure, so we looking for a sell opportunity. In that case, the price created the liquidity pool below the bearish order block which is a high probability selling scenario. So if the price reaches the bearish order block we can enter the sell position with LTF confirmation. 💡Wait for the update! 🗓️10/05/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
1
Strifor || EURAUD-08/05/2024Preferred direction: BUY Comment: The next buy transaction is being considered for the EURAUD currency pair. We previously considered both long and short positions for this instrument. Today it is not too late to join long positions, and most likely, starting from the current price, the price will go to the level of 1.64767 (scenario №1) , where our goal is located. If scenario №1 does not realize, another entry from the level of 1.63067 can be actively considered (scenario №2). Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Viktor_strifor_analyst
1
EUR/AUDThe "bullish AB=CD" pattern is another harmonic pattern used in technical analysis to identify potential trend reversals in financial markets, particularly in stocks, forex, and commodities. It's based on the Fibonacci ratios and consists of two legs that are equal in terms of price and time. Here's a breakdown of its characteristics: 1. **AB Leg**: The initial leg of the pattern, marked from point A to point B. This leg represents the initial impulse move in the direction of the prevailing trend. 2. **BC Leg**: After the AB leg, there's a corrective move from point B to point C. This leg usually retraces a portion of the AB leg, often to a Fibonacci retracement level such as 38.2%, 50%, or 61.8%. 3. **CD Leg**: The final leg of the pattern, from point C to point D. This leg mirrors the AB leg both in terms of price and time. In other words, the distance from point B to point C should be equal to the distance from point C to point D. The CD leg typically follows the same slope as the AB leg. When the AB=CD pattern forms, traders interpret it as a potential reversal signal. In a bullish AB=CD pattern, they anticipate the price to reverse higher after completing the CD leg. However, it's important to confirm the pattern with other technical indicators or price action signals before making trading decisions. Like any trading strategy, it's not without its limitations and should be used in conjunction with risk management techniques.
Short
by B9A-88652-NisarAhmad