EURAUD Short term SetupEURUAD has Broken Multiple trend lines in 4hr and daily chart too. I am expecting more downside on this pair for the next target of 200 days EMA at 1.54500 levels.
Euraudbearish
EURAUD short - pullback almost done after channel breakEURAUD broke the channel and retracing now.. it is advised to enter after green candles are finish.. it'll be a good short...
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Vinny
EUR/AUD - 200 Pips+ OpportunityEUR/AUD has broken down the 200 EMA and is currently in a bearish trend.
An opportunity has presented itself to enter the bearish trend. As the price breaks the current support (1.56 area) it may continue down for the rest of the month until it finds a strong support.
The long term bearish move is cancelled if the pair finds the strength to break the 1.57 area.
Happy trading! Follow your rules!
EUR/AUD - 350 Pips+ Short Opportunity - ReversalEUR/AUD has been in a consolidation area for about a week and seems to have taken the impact from the last uptrend.
As we can tell from our indicators, this pair does not seem to have the steam left to go further high. Thus, we can open a short position for the reversal of this pair back to 1.54.
Our Stop Loss needs to be higher than the last highs. Recommended at 1.59.
If the pair fails to break down and begins to show some sign of strenght, which I don't expect to, then open a long position. Until now, from the looks of it, this pair seems very week and the resistence has acted well.
The impact has been taken, and a reversal is imminent.
Happy trading!
EURAUD SHORT IDEAON THE WEEKLY CHART, PRICE BROKE OUT FROM THE ASCENDING WEDGE AND IS CURRENTLY DOING A PULLBACK FOR THE BIG MOVE
ON THE DAILY PRICE BROKE OUT OF THE ASCENDING WEDGE (WHICH IS THE PULL BACK ON THE WEEKLY) AND HAS GONE INTO CONSOLIDATION
i AM EXPECTING PRICE TO BREAK OUT OF THE BOX AND THEN i WILL SHORT THIS PAIR.
MY EYES ARE ON THE 1.5700 AREA.
EURAUD possible big move towards lowsEURAUD broke out the uptrend line and just retested. It is very much likely that the market will retest the lows. Momentum indicators supporting the view, i am looking for sell setups for a target to the lows.
EURAUD short speculationEURAUD is in a bearish trend according to our indicator, we can either sell at CMP or wait for a pullback.
EURAUD testing major support, prepare for a potential bounce!EURAUD is testing major support at 1.5772 (long term ascending support line, Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur at this level pushing price all the way up to major resistance at 1.6137 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance). We identified second support at 1.5632 which is right below major 50% retracement and swing low support).
Stochastic (55,5,3) is seeing major support above 2.6% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Weak... ISH Euro!Euro is still on the weak side for me this week along with the US Dollar and Pound. Nice simple set up here, hammer candle formation at a descending trend line. Target at fib extension, done.
EURAUD SELL SELL Opportunity EURAUD SELL SELL Opportunity! Will EURAUD Continue With The Move Down? According to Gann, Yes. A Good SL Will Be Around 1.6024 Levels
EURAUD testing channel resistance!Price is testing major descending resistance at 1.5419 (bearish channel resistance, horizontal overlap resistance, 61.8% Fibonacci retracement) and a strong drop could possibly occur at this level to push price down towards 1.5285 support (Fibonacci extension, horizontal swing low support). Our next major level of resistance is at 1.5478 (78.6% Fibonacci retracement, horizontal break out resistance level).
Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding drop could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD - DAILY CHART SELL SETUPEURAUD - Daily time frame. I was anticipating a reversal pull back on this pair for a few weeks and now i can see this pair and euro pairs falling into a corrective structure on daily time frames. After this big corrective move I see further strength in euro pairs and another extension/impulsive move to the upside on weekly time frame.
EURAUD - H4 - SHORTS EurAud - H4 chart - I prefer shorts due to the current H4 structure which shows many confluences for downside including a H&S pattern, retest of trend lines and supply zones and a fib retracement with targets down to the next H4 support. Decent Risk to Reward on this trade.
EURAUD-Short termEURAUD picks up a nice momentum, i am looking to go long around 1.5039-82 for a target to 1.5175, with stop below 1.4999,
Disclaimer: Please Note, all analysis shared are my own views, they are not intended as an advice but entertainment only. Markets are uncertain so the outcome of any trade idea. Do not risk more than 1% of your equity.
EURAUD more room to move upEURAUD is right now forming a nice ascending channel with price close to the lower range. It looks like EURAUD has enough strength to fly up further towards it next resistance.
Open: CMP
TP: 1.5079 > 1.5150
SL: 1.4940
EURAUDClosed my EURCAD trade for this one with a nice SL. I am targeting EURAUD 1.40 levels based on trend continuation if all goes well.
EUR/AUD - 200 Pips+ Short OpportunityEUR/AUD seems to have broken it's bullish trend and now is deciding whether it can breakout it's support and fall further down.
We can also see there is Moving Average Convergence Divergence with the MACD with higher highs with the candlesticks and lower lows with the MACD.
I suggest to wait for the breakout, but this could very well be a good setup.
Always trade after your own analysis and money manage properly.
Happy trading!
BreakageFor the previous days, the EURAUD pair has been continuously consolidating few pips above the support-now-resistance area. Due to the unwillingness of the bulls to fight on, it was hugely followed by a series of bear attacks. This of course, after another formation of inside bar, has made me point out to enter a short position for a quick trade.
Euro's reliefThrough my previous analysis, I've shown you several short setups for the Euro currency. These includes EURGBP, EURUSD, EURJPY, and now, EURAUD!
For several days, the Euro-Aussie pair has tested the resistance several times -- and failed -- leading to a descend on prices. In addition to this, a possible fakey signal has been formed. Fakey bar occurs only after a formation of inside bar where when the price action bar produces a pin bar that pushes through the inside bar's high/low. After the formation of the fakey, another inside bar formed again. Look out!
EURAUD AT TOP OF TREND CHANNELLooking for some downside here in the EURAUD since it has made its way to the channel upper trend line. The time to consider short trades is at this point with a target of the channel lower trend line.
EurAud bounce back before going back upJudging by the ranges on EurAud it looks like it will first show a wave down before bouncing back up.
Selling it with a take profit at 1.4180 and at that point switching to a buy towards 1.4550 the next weeks might turn-out to be very profitable
