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...
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
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...
SL: 1.64973 TP: 1.62000 In this trading strategy, we present a compelling opportunity for a long position on the EURAUD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals,...
EURAUD has formed a harmonics pattern as well as divergence which indicates that the trend is likely to reverse.
EUR/AUD broke the downtrend line and BOS (Break of Structure) Heading for 1.6400, well done Members'. Chris
1. PSTG 1 TO BE hit 2. PSTG 2 TO BE hit 3. Market did retest on the zone i predicted that it is going retest at. ///trade///
We can attempt to buy EURAUD from specified level as it break LH , trendline resistance , also bullish divergence occur indicate that it move upward. SL , TP mention in chart.
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
Expecting another bearish wave for EURAUD its little risky now because we are retesting resistance zones
EURAUD has been in a downtrend but with Harmonics and a Bullish divergence in Play we can expect a Bullish Reversal from this point. Also AUD Interest staying the same AUD is currently in decline
Using AB=CD pattern we first marked PRZ(potential reversal zone). It has completed its AB=CD pattern so we can look for divergence. At latest LL's its showing divergence which is also indication of trend reversal. we will wait until it start printing HH and HL then we can take entry.
On EUR/AUD, it's nice to see a strong sell-off from the price of 1.6325. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the...
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURAUD pair which is likely to be pushed up by the bulls so we will buy! ❤️ Please, support our work with like & comment! ❤️
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade