As you can see the price reached the HTF bearish Inversion, which is a strong resistance and had a bearish reaction and shifted the market structure, so we looking for a sell opportunity. In that case, the price created the liquidity pool below the bearish order block which is a high probability selling scenario. So if the price reaches the bearish order block...
Hello,Friends! EUR-AUD downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 1.658 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the EUR/AUD pair. ✅LIKE AND COMMENT MY IDEAS✅
Gann, H&S, Fib Circles, Pitchhfork agreement on target areas? WaveTrend, CCI, ADX consensus?
Preferred direction: BUY Comment: The next buy transaction is being considered for the EURAUD currency pair. We previously considered both long and short positions for this instrument. Today it is not too late to join long positions, and most likely, starting from the current price, the price will go to the level of 1.64767 (scenario №1) , where our goal...
The "bullish AB=CD" pattern is another harmonic pattern used in technical analysis to identify potential trend reversals in financial markets, particularly in stocks, forex, and commodities. It's based on the Fibonacci ratios and consists of two legs that are equal in terms of price and time. Here's a breakdown of its characteristics: 1. **AB Leg**: The initial...
This pair will continue its bearish trend , below 50ema after a pullback, the direction of the market still bearish...Banked 211 pips past week and now we will an extension. Happy trading guys, risk management....
Trader Tom, an investing.com technical analyst with over 15 years experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
EURAUD chart in 4h time frame is in downtrend and there is no divergence observed. Therefore market can go more down. Hence I'm using AB = CD Harmonic Pattern to take short entry with Sell Stop Order on the breakdown of "B" point Level with stoploss above at "C" Point which is last Lower High level.
Price is currently rising towards our resistance level and if there should be any bearish reaction at that level, we hope to see price drive downward towards our target level.
EURAUD - Sell Stop - Bearish trend - Take Entry if price reaches B of AB-CD pattern
Price retrace back into H4 Bearish OB. Price taking out internal liquidity in the FVG area and reject towards bearish direction. Price created a MSS with BOS tgt to form a strong lower low candle. This has also formed a FVG settling a new Bearish OB. Set short trade in the LTF bearish OB targeting H4 Swing Low. R:R 1:5
Recently, FX:EURAUD breached the 1.63 support level. However, after reaching a low of 1.6220, the pair swiftly reversed, indicating a false breakout. Over the past three weeks, the pair has formed a falling wedge pattern, hinting at a potential reversal to the upside. Confirmation of a bullish scenario would come with a break above the descending trend line. In...
The EURAUD is transitioning from a downtrend to an uptrend on the IH time frame while displaying a Bearish AB=CD Pattern. This presents an opportunity to set a Buy stop order at point B, anticipating a move to point D (Potential Reversal Zone). At that juncture, we can consider initiating a Sell-stop order for a second trade.
Bullish AB = CD Pattern observed in EURAUD Pair. Currently, the bearish trend can be used to short till the price reaches Potential Reversal Zone (PRZ). From the PRZ, a long position can be taken to ride the potential bullish trend.
EURAUD Is now seen bullish and we see a divergence in rsi so here you can buy now