EURAUD trade ideas
Euraud likely can see more downsideHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Overall a bearish chart on the daily, now with the rejection as last R zone on daily, likely to see more downside on EA.
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EUR/AUD H4 AnalysisPrice printed a bullish impulse earlier this month. The subsequent price action saw a break through and close above the 1.6200 barrier. This was previously support back in early September.
Now with price seemingly forming a corrective pattern and retesting 1.6200, we wait to see if buyers enter the market for the next impulse higher.
EUR/AUD Short Trade Setup – 4H ChartThis trade is only valid if the current 4 hour candle closes below 1.62364.
I'm currently looking at a potential short opportunity on EUR/AUD after the upward trendline was broken, confirming a shift in momentum. Price has retested the broken trendline and respected the downward trendline, which remains valid.
Entry: 1.62620
Stop Loss (SL): 1.62850
Take Profit (TP) Targets:
TP 1: 1.62364 (Set Stop Loss to Break Even at this point)
TP 2: 1.61944
TP 3: 1.61171
TP 4: 1.60330
EURAUD SELL BIASAm looking at a bearish bias. I have seen a potential Supply and there is a OB beneath it with a Liquidity resting under the ob and Fvg, market as created a series bos as confirmation for the sell bias.
EURAUD SELL BIASAm looking at a bearish bias. I have seen a potential Supply and there is a OB beneath it with a Liquidity resting under the ob and Fvg, market as created a series bos as confirmation for the sell bias.
Eur/Aud is Bullish.Awaiting for a good setup to execute long with the uptrend since well it is still in a continuation mode.
Happy trading.
EURAUDPossible sell on EurAud, the pair has formed a bearish reversal pattern, a successful breakout of the support level 1.62134 will trigger a sell.
SELL EURAUD - trade explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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Sell EUR/AUD Triangle BreakoutThe EUR/AUD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.6280
Target Levels:
1st Support – 1.6192
2nd Support – 1.6152
Stop-Loss: To manage risk, place a stop-loss order above 1.6330. This helps limit potential losses if the price falls back unexpectedly.
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Best Regards, KABHI FOREX TRADING
Thank you.
EURAUD Poised for UpsideHello,
FX:EURAUD has established solid support, signaling potential for further upside. The current price trading above the 1-year pivot point is a positive sign. The long-term outlook suggests a bullish continuation.
TradeWithTheTrend3344
SHORT EURAUD RR 1:3I’ll provide a detailed analysis of market trends, entry points, stop-loss levels, and take-profit strategies to help you apply this approach effectively. Don’t miss out if you’re looking for a safe yet potentially profitable trading strategy!
Bullish reversal off 50% Fibonacci support?EUR/AUD is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.61880
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Stop loss: 1.61006
Why we like it:
There is an overlap support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 1.63341
Why we like it:
There is an overlap support level.
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EURAUDWe can attempt to short EURAUD from specified level as it break HL , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.
A possible bearing move on euraudWe will be looking to dumb euraud since our support has turned into resistance
