Hey guys! Its your girl forex potatoe and its another week of trading, happy holidays Today we analyze our technical analysis for this pair and the reasons for my bias. Confluences: Head and shoulder Weekly, and daily bearish divergence downtrend on daily, 4H timeframe All these are strong confluences for why this pair in my opinion is going to drop right...
Watch price action on lower TF for long opportunities. Price is currently on a 4hr Orderblock
Market failed to retract into a bearish market after three failed attempts.
2 sell trades as you can see, if second was achieved before first entry is still possible! ATTENTION : forex trading is professionally studied and it's not based on luck, any attempts to enter any trade requires patience, studying, and relaxation so u don't stress out
Daily - looks short. tight range all last week. still is in tight range here right now. **1.66081** was a key level last week. price could not sustain above it all of last week. so if we are to continue in trend, I will need price to hold above **1.66081** first. Origin - Here price has already tagged S1. but even if I think price is going up, I cannot enter...
After re-assessment, price has hit significant level and potentially could be a reversal to the downside. Possibly start of a bearish trend. Waiting for price to hit zone before initiating sells for lower prices. Safe and happy trades.
On the 1H, Bearish fvg filled, short idea to swing low liquidity as tp
Trying out a new strategy, simplyfying SMC and going with a fibonacci based strategy, I might not take this trade; it is hypothetical, depends on the reaction from the given area, If there is no rejection of the area, I will instead wait for the rejection of the top side of this area :)
It can be observed that after each accumulation phase, market usually breaks to the upside breaking all short sells.
1. **Support and Demand Zone**: EUR/AUD is currently within a buying zone, specifically situated in a support and demand area spanning from 1.65560 to 1.65680. This suggests a region where buyers are likely to enter the market, indicating a favorable area for initiating long positions. 2. **Trader Sentiments**: The sentiment among traders for EUR/AUD reveals...
EURAUD is trading in the descending channel. It is creating AB=CD pattern. The market consolidated for a while, and it broke and closed below it. Price action is printing HLs and LLs and is likely to go down. We expect a bearish move to retest the support level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for...
This pair was strugling to break below that trendline in last 30days. Now its making head and shoulder pattern. Break below trendline is clear downtrend. What do you think abt this pair traders?
EURAUD Long Term Technical Analysis Timeframe: Weekly Bullish channel breakout happened and a fibo 61.8% retracement completed with candle confirmation.
Hello traders, EURAUD has been moving sideways for a period. Expecting this sideways movement to finish at 0.786 - 0.88 Fibonacci levels. SHORT Entry - Watch the rejection of the sell zone. - Look for a reversal pattern in that area. - Stoploss: above the highs - Target: 1.63592 ( -0.27 fib ) Goodluck and trade safe!
*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.