EURAUD - 24h expiry - We look to Sell at 1.6090 (stop at 1.6140)
Current prices have reacted from a low of 1.5978, however, we expect further losses to follow.
Previous resistance located at 1.6050.
There is no clear indication that the downward move is coming to an end.
A higher correction is expected.
Risk/Reward would be poor to call a sell from current...
Position Trade - EURAUD
Monthly Supply in Control
In the Monthly Chart,
- Expecting price to come down hard as it hits a 2nd re-test in the Monthly Supply
In the Weekly Chart,
- Need a confirmation that price will come down, hence wait for price to break an opposing Weekly Demand Zone first
In the Daily Chart,
- Price is correcting to the downside
-...
We can see a potential sell on EURAUD in next trading session as it has broke the H1 support and making lower lows and Higher lows under H1 trendline there could be a potential sell oppertunity after resistance on H1 trend line we will wait for the price action and respect of H1 trendline and resistance as well then after a proper price action candle on M15 we...
EURAUD analysis using the D1 timeframe shows that a simple correction could occur with prices likely to fall to the trendline. take the opportunity now to short.
. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Structure: Solid power move to the Resistance zone aligned with the 200 MA Strateg
Trade: Short - A bounce back expected from this level
Risk/Reward: 1:1
Disclaimer: DYOR!
Hi traders!
According to my analysis, the EUR/AUD currency pair is expected to decline, presenting a potential short opportunity. The basis for this expectation is the recent crossing of the price below the 200-period Weighted Moving Average (WMA), indicating a bearish signal. Additionally, there is a strong support level that further strengthens the case for a...
EUR/AUD - M30 - Head and Shoulder Formation
Sell EURAUD @ Head and Shoulder Pattern
now this good chance to sell
Always wait for strong Conformation in Short term for entry. 👈👈👈
If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚
“Markets are never wrong, but opinions often are.”-Jesse...
. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
We have a sort sell trade on euraud as it has completed its wave formation too as its going to fall the confluance is rejection on H4 significant resistance and E wave in a wedge is formed which is also a continuation patteren in the long run also we are waiting here for a confirmation of price action like hammer pinbar engulfing twizzertop any one so we will have...
EURAUD - 24h expiry - We look to Sell at 1.6325 (stop at 1.6375)
Previous support located at 1.6250.
Previous resistance located at 1.6300.
Price action has continued to range within a triangle formation.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 1.6205 and 1.6185
Resistance:...
After reaching 1.67 high EurAud started to drop and test the important support level at 1.61
A nice bullish structure followed this rop and test of support and now the pair seems ready to resume the up trend.
Buy dips under 1.63 could be a good idea and such a trade would also have a nice R:R
We are still in short from Friday on this pair, the reason for not exiting the trade so far is failed breakout of the downtrend, all attempts failed as we see. The sole purpose is to hit the stop loss of many traders. Every deal we enter has an exit point and an entry point in our records. The exit point is a close above a supply area or a candle close below a...
