Euro / Australian Dollar

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Euro / Australian Dollar forum


EURAUD

Add : The pump upwards shows real transaction being made as seen on the volume being larger than usual.

So, I think the breakout might be real if it does breakout.

Even though the price is consolidating currently with dwindling volume, but take note that now it is still Asian session, so, the dwindling volume is normal.

Once the london session kicks in, the break might be real, especially price is in an uptrend on the Daily Time Frame.

risky

1422SGT 03042025

Talking to my partner now so I haven't left for work.

Plus I am thinking of getting a iced coffee.

Price is chopping the Major resistance now on the 1H and 4H.

The chop is obvious on the 5 Minutes.

I am placing this RRR to imagine and forward test how the price would look like in the future, and how the market would be reacting to this significant price level.

Overall, i think this is a risky trade because price is on a up trend on the Daily Time Frame.

So, No I am not trading. I am just eyeballing this trade.

1419SGT
03042025

I am going to hold on to my 100% winrate for April, for now.

1419SGT
03042025
Snapshot




EURAUD made a couple of failed attempts to bust through the 1.7400 area and is now inching towards the neckline support at 1.7100

EURAUD Sell 1.72530

Take Profit 1.71986
Take Profit 1.71573
Take Profit open

Stop Loss 1.73075


EURAUD
just shorted....SEA @ 1.7244
multiple confluence + confirmation
🙈

EURAUD been forming bearish structure on H4 but the daily/ weekly closed showing extreme bullish pressure. I'd wait to see how price reacts to the daily resistance before entering any positions.
Snapshot