Here we welcome the power of channels and Fibonacci levels. The pair is swiftly moving inside the channels and the bias is too bearish. looking to break the lower TL for more downward movement
On a daily timeframe, there are indications that the established uptrend might be weakening. Buyers have been active since June, experiencing a pullback before resuming their buying activity. Despite several attempts to breach certain levels, the market has now decisively broken through these levels.
This morning, the confirmed support level was breached to the...
Recently, the EURAUD has exhibited a robust downtrend. This video offers an intricate analysis of this trend, thoroughly scrutinizing price actions and unveiling prospective trading opportunities by extensively reviewing both the weekly and daily charts. Prepare for a comprehensive evaluation of price fluctuations, market trends, trend analysis, and essential...
From time immemorial the market is bearish. when you look from the left hand side you can see the market falling.
If the structure of the market is bearish then we are meant to look for sell signals.
According to my strategy market needs to take out first previous high before we begin to look for sell signals.
My sell signals are base on order block on 15min and...
Today, I am in favor of beta currencies as they have strengthened following the employment data from the United States. On the other hand, I am bearish on the Euro as the yields on eurozone government bonds (EGB) were initially declining. However, this trend reversed after remarks made by European Central Bank's (ECB) Governing Council member Martins Kazaks, who...
I'm expecting a trend-following short trade from the current daily resistance level. On the 1-hour chart, a cute head and shoulders pattern has formed, and its neckline has already broken below. Now, on the retesting phase, I plan to enter the trade.
Entry 1.64455
Stop loss 1.6530
Targets 1.6327 & 1.6277
✅EUR_AU D will be retesting a support level soon around 1.625
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
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#EURAUD
UPDATE
Hi team, We are here to update our analysis about EURAUD.
EURAUD is going down traders, its time to execute short position. Reason behind this is that EURAUD retest the most recent level of structure, and then form a bearish candle.
we can see a short up to mentioned target points..
Stay tuned...
EURAUD: Break below my major level and go back for retracment to retest the level before continue pushing to the downside, as you can see the market is heading to the downside now let’s wait for it to break the major level and the fakeout before we sell.
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.
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