EUR AUD price back to resistance zone nd also ceating a double bottom pattern make a long trade as shown in the picture follow for more live updates
EUR/AUD is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.6563 which is an overlap resistance that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 1.6634 which is a level that sits above the 78.6% Fibonacci retracement level and a pullback resistance. Take profit is at...
!- Bullish Divergence on RSI , MACD 2- Convergence on RSI , MACD 3- Double Bottom acting as strong Support Zone 4- Bullish Engulfing Candle 5- Buy @ close of Bullish Engulfing Candle 6- Targets and SL as shown on the chart.
Hi there, It seems to make a head and shoulder pattern on EURUSD, so we could sell it below of the high trend line of the descending channel to middle of it. Sell 1.657 TP 1.620 Sl?
Buy EUR/AUD After Correction To 1.64504 Good Luck - Happy Trading Feel Free To Share Some Love - Thank You
After reading the EUR macro-data and the AUD macro-data, including the statements and minutes of ECB and RBA, I've arrived at the following conclusions: EUR snippet: "Economic activity in the euro area had remained weak in the first two months of 2024. Consumers continued to hold back on spending, housing investment had remained subdued and companies had...
Hello Traders, Hope you all are doing good!! I expect EURAUD to go Up after completing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market...
got an entry just now and its running confirmation- 1H invalidation point
The market is moving sideways near the resistance zone. It does not show signs of bullish strength. It is worth noting that the price broke the previous week high. I think the market will take liquidity above the PWH and then roll back. I expect to fall from the resistance zone and retest the middle of the range zone. My goal is to support level 1.64600
Looking to buy after the break above the HMA on the 1HR TF. Will buy if it dips into the Buy Side LQ Swing/Zone/Order Block area. Buying strategy involves waiting for the break above the HMA and retest of the buy side LQ zone. **This is solely my trading strategy and not financial advice.** **Please trade with proper risk management.**
Hello,Friends! EUR-AUD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.644 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/AUD pair. ✅LIKE AND COMMENT MY IDEAS✅
Daily & H4 Bias is Bearish currently. Price just rejected from H4 and Daily horizontal level. Forming a double top pattern. Going into lower timeframe. Price seems to be bearish enough to go lower. Hence targeting swing low.
At this if structure break downward then sell trade can be placed but wait for a structure confirmation
Potential long-term movement on EURAUD. Tight stop loss as counter trend
d1: price into demand zone and engulfing was created H1: choch has been made, and just open buy limit here with sl bellow prior day low
Waiting for a drop back down to the 1.64 handle to go long with a target at the 50% pivot zone of the current range. This will be a 4:1 risk to reward setup. Stop loss will be just below the last candle with a buffer. Trade Safe - Trade Well All the Best
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...
EUR AUD - PRICE will be down fall till 1.64418 marked price line which is 0.5 level fib ,make a short trade as soon as possible,follow for more live updates