Dear Traders, As we had explained before that EURAUD is likely to rebound once it come nears to a discounted price zone and price just did the exact same thing. Currently, we need ample volume for momentum to begin upwards, this trade currently in beginning stage and it is likely to continue rebounding as we progress. We need to keep an eye out at the downtrend...
AUD perspective: Positive: - The Australian economy is weakening, BUT compared to the European "experts" it is holding up quite well (very difficult I know) -> there is no sign of a recession in Australia so far, quite the opposite of the Eurozone, I had already predicted the inevitable recession in my EURCAD trade idea here - Retail sales came in stronger...
Hello traders, we want to check the EURAUD chart. The price has reached the specified support level after a downward movement. We expect this level to stop the price downward trend and the price will increase to around 1.64900. Good luck.
EURAUD is trading in the descending channel. Price is moving in the range between support and resistance levels, which coincides with the 50% Fibbonacci retracement level. 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...
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...
EURAUD broke and closed above the reaction zone in the ascending channel. The market has tested the support level at 1.66000 multiple times. Price made higher highs and higher closes, indicating a bullish trend. We expect a pullback and a continuation trade. ------------------- Share your opinion in the comments and support the idea with like. Thanks for...
I like this chart 📊 Please pay attention to the details. The price did the stop hunt and create the FVG, then could not continue to go higher and created the inversion. After that, by closing the candle's body below the last down-close candle, the price activated the breaker block, and also the market structure shifted. Now, the price has moved higher and it...
As you can see the price left the clean equal lows that can be defined as a target. Well, the price grabbed the liquidity above the previous day's high and changed the market structure, so in that case we can expect a more bearish move to sell-side liquidity. Please pay attention: We need LTF confirmation to execute the sell position. 💡Wait for the...
EURAUD is approaching the psychological level at 1.65000 and the channel border. Price is trading in the ascending channel, which acts as dynamic support. It created a confluence level where we have a psychological level, a 61.8% fibo level, and dynamic support. We expect a rebound from the support. ------------------- Share your opinion in the comments and...
Hello traders, we want to check the EURAUD chart. The price is moving in an ascending channel and has reached the key level and the bottom of the pullback channel. We expect the price to maintain its upward trend and the price to grow to around 1.67400. Good luck.
Welcome 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...
I don’t think the AUD is as sensitive as the Euro is to shorter-term rates. The rate differential has moved against the AUD in recent days for the same reason as it’s moved against the Euro. The RBA may have sounded marginally more hawkish/less dovish on Tuesday than some expected but not enough to change the picture. AUD does, however, look low on this basis....
Welcome 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...
EURAUD reached the kill zone: support and 50% fibo level, bullish harmonic pattern. Price pulled back to the support zone with deceleration and is now in an oversold condition. The market is trading near the psychological level 1.65000. We expect a retest of the resistance level. ------------------- Share your opinion in the comments and support the idea...
EURAUD broke out of the descending channel and is testing the resistance level. The market created the bearish harmonic pattern. The market overall is in a bearish trend. Price is likely to go down from the resistance level and retest the channel border (support). We expect a bearish move from the conflunnce level. ------------------- Share your opinion in...
EURAUD rebounded from the support level. Price made divergence at the support level, completing the AB=CD pattern. The market is bullish on the daily timeframe, so it makes sense to take advantage of long trading opportunities. We expect a bullish move from the kill zone. ------------------- Share your opinion in the comments and support the idea with like....
EURAUD is in an ascending channel. However, the price is near the structure resistance on the D chart. Price is decelerating at the resistance level at 1.66500, and it has created a pinbar. Price is likely to go down from the resistance level since we have strong rejection of the structure resistance. ------------------- Share your opinion in the comments...
🕛 TOPDOWN - Bearish Continuation Setup for EUR/AUD Overview: Monthly and daily analyses reveal a prolonged bearish trend with notable liquidity sweeps. Weekly analysis is pending, focusing on the daily for detailed insights. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS). 🟢 Swing Move:...