Euraudshort
EURAUD: Top of the main Structure, Looking for a REVERSAL!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the EURAUD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Higher timeframe:
Lower timeframe:
After the strong bearish impulse happened about 9 months ago, the market has been consolidating in a big expanding structure, which is clearly visible connecting the two swings high and low in higher timeframe.
Currently the price broke the resistance level at about 1.5400, still correcting above it, but with a nice possibility to see a market reverse.
When, where and why would we step into the market?
Usually, one of the most important aspect during a breakout of a level, resistance or swing, is the way it broke and the further price action above/below that specific level.
Considering the overall bearish bias and enough lower timeframe confluences in line with bearish perspective, we would be happy to take a short position on the further correction forming right now!
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Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
DeGRAM | EURAUD pullbackEURAUD is trading in the ascending channel .
The market formed a range zone at the resistance level .
Price is making lower highs and higher lows, indicating a consolidation.
We expect a pullback from major the resistance level .
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💢SELL EURAUD at the best price and place💰🧨🔰You can see the analysis of the Euro-Australian dollar currency pair in the 30-minute time frame(EURAUD_ 30min) 🔍🧨🧨
💥The price is currently in the support zone caused by the UP trend line🖤 If the price can break❗ the UP trend line🖤 downwards and stabilize❗ below it, in the pullback🧐 area, the price is the best place and price to sell this currency pair, and there is a possibility that the price will fall to the DEMAND zone🔻
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
_______📈TRADER STREET📉______
EURAUDam analyzing this on popular private demands from my followers.
am expecting EURAUD to drop if price continues to trade below 1.5328, price has initially dropped from this point earlier this week. and it has done the required retracement... once price gets to the box start looking for your sell entries . am expecting a 250pips to 300pips drop.
stay tuned for more updates
EURAUD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find a significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
EUR/AUD :: Back to the blue line !EUR/AUD :::
The price has broken the orange channel, although it has not stabilized in the higher time frame, and it is likely that it will move towards the support of 1.52 after hitting the stronger resistance that is in the range of 1.537.
Currently, the blue line is the best way to follow the price .
⁉️ EURAUD - Market AnalysisHello traders!
⁉️This is my analysis on EURAUD .
Here we are in a bearish market structure, so I am looking only for shorts. I expect price to continue the retracement and to reject from bearish orderblock + institutional big figure 1.52000.
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