EURAUD: Ride the WaveTrading zone to zone can be made simple with the understanding of smart money concepts.
In this example, the price pushed away from the bearish order block that created the initial dive.
Once we got bearish confirmation, we refined our entry and placed our order.
Now we sit on our hands and manage risk ready for FOMC
Good luck!
Euraudshort
EURAUD Sell trade ideaAs stated on my previous post, EURAUD has printed a bearish head and shoulder pattern on the weekly chart, it looks like a second head and shoulder pattern is also developing on the 4 hour chart. For a more conservative entry i will wait for the break of the purple trend line before selling
EUR/AUD Full Analysis, New Short Setup To Get Free 200 Pips !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
💡Don't miss the great sell opportunity in EURAUDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.6142).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURAUD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 1.6071
TP2= @ 1.5976
TP3= @ 1.5905
TP4= @ 1.5785
TP5= @ 1.5704
SL: Break Above R2
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💡Don't miss the great sell opportunity in EURAUDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.6142).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURAUD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 1.6071
TP2= @ 1.5976
TP3= @ 1.5905
TP4= @ 1.5785
TP5= @ 1.5704
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EUR/AUD Sell Setup !!Bottom line downtrend, strong hammer daily, rejection of 0.78 fibo and my resistance. The 1.6110 area will be our selling intervention zone, wait for the RSI and the Stochastic to give us overbought. Also pay attention to economic news that may influence our analysis. High probability trade. Good luck !
SELL SETUP ON EURAUD.Hello traders.
I'm looking for a potential short position on EURAUD, based on the fact that we're currently in a corrective structure.
If the the corrective structure is complete we'll break to the downside. Look for flags/pullbacks for potential entry points.
See comments for further updates.
Trade with care.
Potential Head and Shoulder Pattern Spotted @ EURAUDFX:EURAUD [/symbol
Friends,
[ b]H&S pattern and rising wedge are brewing on EURAUD (1D TF) with a potential price move of about 1000 pips (10,000 ticks) if measured from resistance area formed by left shoulder (potential right shoulder) to height projection of the H&S from it's neckline.
2 sell positions will be appropriate with TP1 @ the neckline while TP2 @ the end of the rising wedge.
Good luck to us all.
PPPDirhams...
Follow my ideas at your own risk!
EUR/AUD New Long Setup After Retest Our Supp To Catch 200 Pips !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