EURAUD is approaching strong daily support in so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. ON 1 H Chart EURAUD is forming a descending parallel channel but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. Trigger =>...
Price at supply, price has shown significant rejection and other bearish confirmations to confirm the move to the downside.
Head and shoulder formation can lead the euraud to 1.63000.
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/AUD looks bearish on the Daily timeframe, when scaling down on the 4hr timeframe you can see the potential for a Wyckoff Distribution occurring. It looks as though we are entering Phase C of the Distribution and the potential for a UTAD to form. Further confluence is found in the long term downward channel, a false breakout would tie into the Wyckoff...
🔺 Today EUR/AUD has reached a local maximum (1.61650) 🔻 I assume that in the near future there will be a rebound to the uptrend line, and then growth again. 🔥 I think 1.6060 is an excellent point for a long order. ✅ Target: 1.6260
Here is my idea for this pair.. lets take some opportunity for intraday
After the bullish push from this pair since yesterday, we finally have the break of this current hourly level. Now, we see price correcting above it. We expect a bullish continuation once this correction is over. Targets would be the previous level at 1.60300. We'll be waiting for a clear continuation confirmation on the lower time frames to join the trend to target.
euraud buy : Reasons : 1)my ema lines are intersected and yellow line started to face uptrend 2)there is breakout and a nice pattern formed 3)Got the confirmation from the heiken ashi candles and marked the stop loss 4)naked candle of bearish is formed with nice pin facing downwards i have marked the support line where the prices have been bounced since last...
#EURAUD Market is moving in bullish channel and now seems to go for sell move.
EURAUD uptrend after break the resistance level. EURAUD may going down to support level/or trendline support level. If break the support level, it may going lower. It can be rise up again if it can't be pass the support level
Hello everyone, euraud as well is forming a nice bearish flag for more downside and again we need to see how fed will react on the market! critical event tonight so eyes on there! be safe and good luck!
EURAUD looks to be in a Wyckoff Distribution pattern, awaiting UTAD formation to confirm sell bias. I would enter on a lower timeframe retest of the UTAD area using price action to confirm the sell.
EURAUD>>??<<>>?? This Pair Is Shaping Up Nicely For A Sell Trade. Ideal Indicated On Chart With SL Slightly @ Resistance (You Can Have Yours Slightly Above The Resistance or Higher High) ... You Can Alternatively Look For Your Own Sell Set-Ups & Cashing In As This Pair Slowly Moves Down.
Since the March double bottom, EurAud has had a good run, gaining around 900 pips. At this point, the pair is facing strong resistance and a correction could follow from this point. I will look for signs of weakness to initiate short trades
Yesterday we got our stop loss hit for this pair. I still think a retracement will soon come as this pair hitting resistance right now. We could see the movement of EURAUD making an AB=CD pattern. Keep in mind we have RBA in 50 mins so expect some volatility in all AUD pairs. Use proper risk management. Sell EURAUD 1.6065 Stop loss 1.6130 Take profit 1.5935...
Weekly Projection (4H) Our aim as always is to capture liquidity. We will be targeting the aggressive breakout buyers this week. Our goal is to get involved in sells from the pullback all the way down into likely stop loss region. Let's see how price reacts around 1.59300 before we consider our sells into the liquidity region. I will be expecting pullbacks tomorrow.