EURAUD | Bullish Harmonic Pattern
On the daily chart, EURAUD completed a very nice harmonic pattern.
This is a signal that during the coming days or probably weeks we may see EURO
to change the price direction.
Considering that this pattern is in a daily chart it will spend a lot of time to
create the reversal process and it will not be so easy.
Here is our today's forecast on EURAUD.
Our analysis is based on current market fundamental sentiment.
According to our chart EURAUD is trading within a support.
Based on our analysis the market will accumulate.
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Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Price just starting to dig into a nice area of support down at 1.450. On the daily here you can see the nice short position I'm now looking at hedging my last little remained of the trade to now look at buys. A few more candles on the daily to confirm that this level is going to once again show support then ill be entering long term buys with a 50% take profit at...
EURAUD has formed strong bearish price action on the 4H timeframe. The price is already long-term bearish. After the previous month's bearish engulfer, this moths price already retraced, now preparing for a big drop to create a new lower low!
The current price has broken the previous swing high, grabbed liquidity, and started to drop with 4H bearish engulfer
Last week was very important for EURAUD pair:
the price broke below a rising trend line and then closed below a key horizontal support.
Even though the market is recovering now, I expect a bearish move from the confluence zone
based on a trend line and a horizontal structure.
Next goal - 1.435
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EURAUD is in A Downtrend.
Now For This Entry we Have Multiple Confluences .
1) The Market Firstly Grabed The Liquidity Then Move to the Downside And make BOS.
2) There is Inducement Liquidity on The Upside
3) The Area Where the Fake Pump Happened Now Became A Strong Supply Zone. And Possibly the Market Would Reverse From That Zone
✅EUR_AUD fell again to retest the support
But it is a strong key level
So I think that there is a high chance
We will see a bullish rebound and a move up
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In this market situation, I am looking at multiple indicators
And I can see bullish momentum accumulating on the pair right now
This setiment makes me bullish biased and I am considering a long!
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EUR-AUD is falling down sharply
And the pair looks locally oversold
Thus making me expect a bullish correction
From the horizontal support below
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💲Pair Name : EUR/AUD
🗨Time Frame : 4hrs / Daily
➕Scale Type : Large Scale
🗒The purpose of this analysis is to spread 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 / Short Side ( After Retest )
Type : Mid Term...
The 1.4800 Area of resistance seems for the EUR/AUD a wall to not go over. The price after a pullback to the 61.8% Fibo and the already cited area, the price reject violently and drop down with a decisive bearish candle also accomplice the presence of 50 Sma working also like dynamic resistance. The forecast of Ichimoku is bearish and the pattern created is an...
EURAUD reached a strong intraday trend line yesterday.
The price formed a double bottom on that on 1H time frame
and just broke its neckline.
I expect a bullish continuation to 1.465 / 1.467
For entries, consider an occasional retest.
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