From the setup above we can see price is clearly on a downtrend on higher timeframes. We had a little bit of bullish pullback to previous level of supply. This was a 61.8% retracement on the Fibonacci level which aligned with the descending trendline. We have more than 3 confluences to look for sells from current price - Bearish trend still obvious - Price...
EUR-AUD was trading in a local uptrend But then the pair hit a horizontal resistance at 1.48791 And after that, a bearish breakout Of the rising support happened So we are now locally bearish biased And we think that a move down is likely
EURAUD is gaining momentum after a contraction that leads to an expansion. The market could not make a new high at the resistance level and went down. Price action moved out of the ascending channel and it might retest the lows. We expect further bearish move. ------------------- Share your opinion in the comments and support the idea with like. Thanks...
📌EA price bouncing on zone, technically picture bearish continuation to expect 💡 EURAUD technically based idea, we can see price is on SUPP zone-bouncing, technically indicators showing we can expect higher bearish continuation, based on technically readings expecting to see higher bearish continuation till targets marked on chart. 📌If have questions pls...
The price make nice break out for short trade with many confirmation on it, as you all can see channel pattern from daily price already touch the upper resistance channel pattern with nice breakout from the flag pattern and resistance area. The price also make nice big red candle confirmation so i assuming it will low as target. Remember your money management !
I'm bullish EurAud for quite some time and with the pair building a strong base in the 1.4750-1.48 zone, this bullish outlook is reinforced. Yesterday's fall was quickly reversed exactly from this zone and as long as this level provides support, the odds are in continuation favor. I expect acceleration to the upside and the 1.53 resistance zone could be the bulls target
on the 4h timeframe we see bearish movement after ascending trendline brerakout
Falling Wedge formed on EURAUD with triple divergence. Currently price trying to breakout from resistance area at 1.4560. If Break above and established we will see further up.
Hello traders! ⁉️This is my analysis on EURAUD . Here we are in a bullish market structure, so I am looking only for longs. I expect price to make a retracement and then to reject from bullish orderblock + institutional big figure 1.48000. Like, comment and subscribe to be in touch with my content!
EURAUD CHART ANALYSIS ! Let's see how this pair will perform based on the analysis. Trade safe use proper risk management always.
This pair has been bearish for a while, for the most part has been respecting previous significant levels (areas). The bulls tried to break and hold above the 1.4800 area last week but did not succeed. I am looking to see if they attempt again and another failure will provide a nice shorting opportunity. If this happens, we could be looking at a 4R trade that will...
In my previous analysis regarding EurAud I said that there is a high probability of a break above 1.48 resistance and a rise above 1.5 and even higher. Yesterday, after a few days of consolidating around the resistance level with pretty volatile moves up and down the pair finally closed the day to the upper boundary of the range, but more importantly, putting in a...
EURAUD has formed double top at 1.48800 level where we witness multiple bearish candle indicating hurdle for bulls. For short term traders this is an opportunity to do shorting with stoploss just above double top. For long term traders, wait for the price to get out of no trade zone; meaning we need to surpass the 1.48800 level to invalidate the double top...
Entry - In the supply zone Target - 1.45680 Invalidation - 1.48820 Risk to reward ratio - 8 Technical confirmations Full cycle of Elliot wave impulsive part is done and now the corrective part(ABC) needs to be finished towards C. Price has reached the supply zone forming the B wave. Technical confirmations Unemployment report in Australia comes on...
This is for short term Please do research before entering the trade
on the daily timeframeframe we see bearish move bec eurusd follow Low and L.H
EURAUD will drop about 300pips. PLEASE NOTE: these are based on my own ideas and not a financial advise