Good Day traders !! On the Daily timeframe we can clearly see that EUR/AUD is on a downtrend wedge and we expect more continuation to the downside , We do have two areas of supply where the liquidity could be grabbed before the next impulse. We also noticed that we tested all the levels of the FIB retracement on the previous leg and strongly rejected the 0.618 as...
AFTER TOUCHING THE RESIS at 1,569 the price might go on a bullish uptrend , or loosing volatilty and drop down .
illustrations on chart looking for a retest then take profit in demand zone
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
The channel looks brilliant, no doubts about that. We are short on this and will keep holding our positions open till we hit the lower boundary of the descending channel🙌🏻
Price is facing bearish pressure from our first resistance in line with our horizontal overlap resistance, 38.2% fibonacci retracement and 61.8% fibonacci extension where we could see a further drop below this level to our first support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Price is facing bearish pressure from our sell entry, in line with our graphical area, 38.2% fibonacci retracement and 61.8% fibonacci extension , where we could see a further drop below this level .
Hey tradomaniacs, EUR/AUD has tested a very strong resistance-zone 👉 In case of a re-test of this zone and a risk-on-sentiment in equities, we can expect this pair to continue its trend!👌 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
As you can see on the chart, price is currently in a downtrend. Price has left the supply zone at 1.55800 where it turned support to resistance. Therefore, I expect price to short to the previous support at 1.52400 before retracing upward to 1.55800. Watch out🔥🔥 What do you think? Share your opinion in the comment section.😇 Please support this idea with LIKE👍...
EURAUD is clearly in the middle of a downtrend. By the way its shaping in the High Time Frame no, its clearly already showing exhaustion signal by forming a downward sloping descending channel. Last wek, EURAUD price has just broken below a Lower TF Ascending channel structure impusively followed by break of bearish continuation flag in H1 TF. I’m anticipating...
if price close below 1.63270 we can enter we can fall around 1.62150.. or price support from zone, we can see moving up price to resistance and .....
From a daily perspective, we managed to see the candles rejecting the support level at 1.5270 level. Also, price failed to break lower than 361.8% fib level at the moment. We managed to see strong BULLISH pressure at the support area which I expect price to reach the supply zone (red zone). There is great BEARISH pressure at the supply zone as we can see moving...
This has made a good retrace, I would like to see it touch 0.5 Fibonacci ideally before dropping. MACD and EMA's have this on the verge of being bullish on this timeframe so I want to see these cross back lower before entering a trade. If they do not then this could continue higher to the next resistance level before dropping. I have set TP just below the...
Hey traders, here is the analysis for the EURAUD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
Price has broken the monthly support line and will retest it due to the weakly descending channel, and a potencial sell from the area of the retest for a long term trade.
Bigger picture on EURAUD, overall bearish market bias implies upcoming impulse towards downside post-correction, no clear confluence to support possibility of a reversal.
Disclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not a signal. it's my opinion. trade your own risk. and Must Follow Money...