EURAUD_N20EURAUD En: 1.63949-1.63726 (Two positions) Sl: 1.63189 (1% of your balance) Tp: 1.65178 Cancel if Tp crossed without opening #30Min_trade #N20 Longby Forexologist1stUpdated 2
EURAUDDownwards we go as the pair reached the resistance and formation of channel whin channel, last bt not least double top. Shortby sthoji111
EURAUDCurrently EURAUD is in an upward trend, but if the stop loss is reached and the green zone is entered, we open a sell dealLongby aboubakkrhajjamielidrissi1
EURAUD Time to reserve?hmz, nothing much to say.... change the wind.... Completely, we can make a soon order in here, and we can tp long far away...Shortby congminh2221
Double zigzag continuation? or wave (B) sideways patternDear FRIEND, I hope you're doing well and that the new year has started on a good note for you. I wish you success in your business endeavors and a happy new year with your loved ones. As someone interested in the Elliott Wave principle, I find it to be a valuable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market. I am sharing my analysis with you. However, please note that I am not providing any buy or sell signals. My goal is to share my unbiased analysis with you so that you can use it as a guide to make informed decisions. In the attachment, I have included my previous analysis of the same market so that you can compare and see the. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily). I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished. Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, (Mr. Nobody) by mehdi47abbasi794
EURAUD StrategyStrategy- Indicatators used: - TV Double Top (DT) - TV Double Bottom (DB) - TV Average True Range (ATR) - TV Volume Weighted Average Price (VWAP) Conditions: 5 minute time frame Wait for DT or DB pattern to form VWAP must be at 1 of 3 locations. At the support or resistance pattern itself, through or above the neckline for DB, through or below the neckline for DT or at the target set by the DT or DB indicator. See fig 1, 2 and 3 Fig 1 Fig 2a Fig 2b (With framework) Fig 2c (Without framework) This trade went on to win, but that isn't the point. This is just to show the location of VWAP and the tolerance we limit the rules to and that rule will be utilised throughout backtesting. This is only relevant at the time the pattern is formed. As in if 5 candles later, the VWAP is in the wrong place, I dont factor that in to the tests and the statistics coming out of this strategy Fig 3 This is within the scope of the strategy. VWAP though below the target is only 2.2 pips below. which is negligible. Discretion required perhaps. We just have to be aware that price could react from VWAP. and retrace a few pips prior to our TP I have found that VWAP is a magnet. And as such either repels, or attracts price. This is why I find it just adds some confirmation to the DT and DB patterns. If price forms a DT/DB on VWAP, it is likely VWAP is turning to support and will repel price. If price forms a DT/DB and the target set by the indicator is at VWAP, then it is likely to attract the price. This is the main reason i want to see VWAP going through, or above the neckline of a DB, or going through or below the neckline of a DT. Reason being is that in these patterns, both the tops/ bottoms, and the neckline can act as support or resistance for the next push in price, be it in the right or wrong direction from our perspective. The issue is VWAP can also act as dynamic support or resistance and as such coming into potentially 2 support or resistance zones, just seems to add confluence that it wont work out in that trade. How to set up the framework: As said prior, i simply use the wicks of the patterns, at both the tops, the bottoms, and the neckline to frame out the pattern and to see how price is reacting in these levels. Plus, it does make it a bit more visually aesthetic. See fig 4a and 4b Fig 4a Fig 4b How to enter: Once the pattern has formed, we frame out the trade. As we are on the 5m chart we have plenty of time to do this. On a double top, we create the Resistance level using the above technique. This is now the termination zone. It MUST have been tested on the second top. There are times the indicator shows the pattern, but creates a lower second top. For standardisation, it makes sense to have the second top tested. A wick can go above the zone Price CAN NOT close above the termination zone as this would indicate a trend continuation which can be done just by using the Resistance level, and expecting it to turn into support. (Not within scope of this publishing) Wait for either a colour change candle, or for a bearish pinbar candlestick pattern to close. We can then enter short on the close of that candle Our stops go at the high of the pattern, + 1ATR, and the targets are set where the indicator dictates. See figure 5 Fig 5a (Example of a good set up) Fig 5b(i) (Example of a bad set up) Fig 5b(ii) Educationby HarryTaylor1397Updated 3
EURAUD Potential continuation to upsidesHey Traders, in today's trading session we are monitoring EURAUD for a buying opportunity around 1.63800 zone, EURAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.63800 support and resistance area. Trade safe, Joe.Longby JoeChampion3
EURUAD I Potential downward movement from weekly reversal zoneWelcome back! Let me know your thoughts in the comments! ** EURAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Short02:26by BKTradingAcademy8
EUR/AUD BEARS WILL DOMINATE THE MARKET|SHORT Hello,Friends! EUR/AUD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.639 area. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals223
EURAUD Is Very Bearish! Sell! Here is our detailed technical review for EURAUD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.649. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.640 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider113
Euraud Short Setup Sell Trade AnalysisYou can Sell Now in Euraud in this chart you can see good short setup and you can take a Sell trade with minimum Lot size and you can stay in this trade till 200-300 pips Shortby FrontlineTrading2
Bearish NowOn the weekly time frame, As seen in the chart , 1.649 is a good sell entry zone, as it has seen a good rally from its local bottom at 1.6147, hence, the likelihood of getting a reversal at this point is strong, and should be strongly considered. However, we only see it rally after a correction to 1.6147 zone or 1.6366, either way, there is bound to a correction at current zone if my analysis is right.Shortby FX_WAVE2
EURAUD LONGMarket Structure Bullish on higher time frames Weekly Rejection at AOI Weekly and Daily around same area Daily rejection at AOI Previous Daily Structure Point Around Psychological Level 1.63500 H4 Trendline retest H4 EMA retest REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Stay HydratedLongby mobbie_zwUpdated 3
Noticeable structure change in EURAUD! By looking at the chart we can see that the EURAUD established lower lows, double top and a breakout of a trend line which suggest a high probability of starting a down trend! In the long run price is likely to drop significantly to the highlighted levels in the chart, as Aussie is benefiting from the continues rise in gold price which would be strengthening the Australian's economy as one the top commodity producer. Shortby AdelMohamed1
✅EUR_AUD BEARISH SETUP|SHORT🔥 ✅EUR_AUD is going up now But a strong resistance level is ahead at 1.6500 Thus I am expecting a pullback And a move down towards the target at 1.6400 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx114
EUR/AUD Into the Liquidity ZoneEUR/AUD hits our target, and now into a very strong resistance area. Let's see if the sellers grab the trade here. ChrisShortby christrader88111
EUR/AUD Full Detailed Analysis With A Possible Trade Soon the price has broken the weekly uptrend on the daily time frame, using the fib tool we can see the possible sell trade at the 71%,78% fib levelShort02:34by Forex_Wealth_Factory776
EURAUD TodayEURUAD looks for me more buy I have two scenarios 1. R/R around 1:1 2. R/R around 3:1 This is my opinion not recomendation for you. But if you see this same, WHY NOT. ;)Longby xMastersFXUpdated 114
EURAUDAm looking at a potential sell aggression but since am still seeing the market was in bullish trend let's see how the market will react at the supply zone marked before I do any thing. but I have seen a bullish entry so please caution as per this is my own opinionShortby Skul_Fx3
Lingrid | EURAUD pullback to Support and NEW EXTENSIONThe market is heading towards a resistance zone. FX:EURAUD updated its highs and broke the range zone. It also broke through the key level at 1.64000. I think if the market pulls back to a broken level after an impulse move upward, it creates an opportunity to buy from the support level. I expect growth from the support level because the market has been in a bullish trend for 2 weeks. Additionally, the price action formed a long-tailed bar on the daily timeframe. My goal is the resistance around at 1.65000 Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻 Longby Lingrid1114
EURAUD 15/01/2024#EURAUD 15/01/2024 ——— Buy 1.63630 Stop 1.62915 Target 1 : 1.64605 - 1.36R Target 2 : 1.65775 - 3R Risk 1% ———Longby lenam59Updated 1
EURAUD in the first half of 2024A glimpse of the EURAUD in the first half of 2024 Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?by Hamiratrading3