EURAUD seems to have been forming on the daily a perfect second leg for W formation to reverse and go bearish from here. A perfect bearish doji is being formed and we can clearly see that the next stop is bottom support. Please use proper risk management upon entering the trade! EURAUD Sell/Short ENTRY: 1.66453 TAKE PROFITS: TP 1: 1.66186 TP 2: 1.61633 SL: 1.66978
Hello everyone EURAUD on my radar * B wave of the Regular/Expanding flat in the making * MACD divergence * BOS, look for a correction upwards to confirm entry * Order Block at price level 1.62593 - 1.62442 Entry: 1.63384 (GAP) Stoploss: 1.63564 Take Profit: 1.62593
EURAUD in bearish trend depicted Bullish AB=CD pattern which is indicating bullish trend ahead.
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✅
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...
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....
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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
Hello Everyone, EURAUD has discovered support and presently resides within the monthly support zone. It is crucial for the price to solidify its position above the weekly pivot point (1W PP) to validate potential further bullish momentum. TradeWithTheTrend3344
hello guys .this is what it see on euraud. looking for long position between 1.62570 - 1.62180. target 6.4100. this is just an idea of what i see. trade at your on risk.
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...
Expecting another bearish wave for EURAUD its little risky now because we are retesting resistance zones
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...
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.
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...
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.