euraud long idea Hey traders, Here is our forecast on euraud ❤️Please, support our work with like & comment!❤️
Euraudanalysis
EURAUD,EURGBP & EURCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURAUD 700+ pips movement could happenI will be doing a multi-time frame analysis to give you a good perspective of what the price getting ready to do. To have better opportunities in the market we want to have all the confluences posibles in our favor.
Monthly:
The price is overextended to the downside. We should know that every healthy market cannot move only in one direction. When the price is overextended we always could expect a retracement.
If we take the Fibonacci from the highest point of the retracement to the lower point of the retracement, we can note that the price has reached the Fibonacci profit taking level -.618 which will make the price weaker and help the price to make the movement that we are expecting.
The price has took the liquidity from a previous low. When price take liquidity from one side the movement to the opposite side is most likely to happen.
There is a M formation known as mitigation block, We could expect the price to retrace to the previous support to complete the pattern.
There is inefficiency in the price because the rapid movement that the price created to the downside.
Weekly:
The only thing that we can see different from the Monthly is the inverted head and shoulders the price has created. This confluence is great because is a reversal pattern and is telling us that the price could start the bullish run soon.
Daily:
The price from crating lower lows now is creating short term higher highs. The price have not break the previous lower high which means that technically the price still bearish ( Bad confluence).
Fundamentals:
COT REPORT:
EUR net positions:
Large speculators:31301
Leverage Funds: -5041
Asset Managers: 213,523
AUD net positions:
Large speculators:-28832
Leverage Funds:-13441
Asset Managers: 1426
The COT is telling us that the EUR is stronger which is good because for this movement to happen the EUR has to be stronger than the AUD
Euraud potential LONG SETUP on BREAKOUTI will only enter this risky trade if the strong breakout occurs from the descending triangle.....
Targets on the chart.
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EURAUD higher high and higher low bullish indicatior for 1.5510#euraud, weekly higher and higher low formation since last three weeks. 1.5180 Demand zone for long trade. if fails the mentioned demand zone then next level for long is 1.5070, target 1.5500-5510.
EURAUD Set UpsPrice Action will determine which of these entries I will take. I trade my majors at 9am EST and AUD or JPY pairs at 9pm EST. I risk about .5% every trade. and of course this isn't financial advice :). Comment your thoughts below!
EURAUD SHORTFalse breakout on the triangle
1st entry sell after taking profit
2nd entry buy to continue with the uptrend
EURAUD Bearish for 1.4930#euraud, 24th & 28th June inside bars , further insurance bar on 29th daily bar. Price dictating for downward thrust for target 1.4930. 1.5180 & 1.5230 supply zone for short if price retrace upside then may take further risk from both levels.
EURAUD Probability long for 1.5350#euraud, 1.5110 first demand zone for long, if price comes down then 1.5050-40 demand zone should hold it for uptrend continuation. Divide risk equally into two trades , half by first zone, remaining half by second zone.
EURAUDThis is for short term.
Use Minimal stop loss to avoid huge loss.
Before entering the trade do your own research .
Euraud shortsHead and Shoulders at VERY STRONG MONTHLY resistance.
High odds for sells.
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EUR/AUD Short Setup After 4H Closure To Confirm The Direction !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURAUD short ideaGood afternoon traders. Today I look a potential short on EURAUD exchange with a potential reward of 550 pips and a risk of 150 pips. Let's see in a couple of days how this one plays out. All the best.
EURAUD LONGEURAUD has broken the Symmetrical triangle pattern in Upside.
We taking this trade based on technical analysis and price action.
(1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL
(2) USE YOUR STOP LOSS
(3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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EUR/AUD likely to go UP!Hey tradomaniacs,
due to the risk-off in equities caused by the strict hawkish monetary policy aswell as the fading credibility of Powell after his statement we might see another pump by EUR/AUD.
Technically a good spot to go long here.
What do you think?
EURAUD $EURAUD Initial LongEURAUD $EURAUD Initial Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
EUR/AUD Finally Closed Above Our Res& C.T.L , Long Setup Valid ?This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Do not miss this buy opportunity on EURAUD!The pair has broken out of its falling channel, I anticipate price to continue increasing. For confirmation whether the market will rise or fall back, I will wait for a correction above the channel to confirm continuation of price to the upside. In a case of bullish entry I will be eyeing the March 2022 high at 1.53 as my target.
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Previous Idea
EURAUD 30 MIN PROJECTIONEURAUD is Looking to Fall From This ORDER BLOCK AREA. The market Has Shifted to the Bearish Structure in LTF
EURAUD will rise to the resistance!EURAUD will rise to the resistance.
The pair created a double bottom and it broke above the neckline which was also a strong key level. I anticipate price to rise from this key level to the resistance of the falling trendline.
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EURAUD $EURAUD High-risk Initial Short, late signalEURAUD $EURAUD High-risk Initial Short, late signal. TP and SL on chart. Move SL on TP. At TP2, trail with 0.5ATR step, 1.5ATR offset.
EURAUD Technical Analysis and Trade IdeaTaking a look at the EURAUD, we can see a bullish head and shoulders pattern on the four hour chart. Market is moving up from a key level of support on the daily time frame as well. Watch out for a couple of events today that may cause volatility, best avoid trading into high impact events. Keeping an eye on how the AUD pairs trade after these events today and will be looking for an opportunity.. All explained in the video, not financial advice.
