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Euraudshort

EURAUD Daily Short! Where R Buyers (if any)? Price -Action POV.Aug 20 saw PEAK of price at Major Resistance 1.64301. Breach of this price would've created path to targets 1.70152 | 1.73186. Also, price peaked AFTER completing THREE Major Targets: 1.63591 |1.63467 | 1.61714; all in line with previous Buy-zones. What happens when Targets are reached? A SELLOFF ENTAILS. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you, Happy Trading.
Short
by legacyliked
EURAUDEURAUD is approaching strong daily support in so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. ON 1 H Chart EURAUD is forming a descending parallel channel but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. Trigger => Waiting for that swing to form and then buy after a momentum candle close above it . Meanwhile, until the buy is activated, EURAUD would be overall bearish can still trade lower.
Short
by SmoothJB
EURAUD - Bearish BiasEURO - Weak Bearish 1️⃣ Pressured by negative sentiment in the Eurozone. 2️⃣ Concerns about the spread of COVID-19 variant Delta in the region. 3️⃣ In August 2021, ZEW economic sentiment in the Eurozone fell by 18.5 points to 48.7 from the previous month’s 61.20. 4️⃣ The IHS Markit Eurozone Manufacturing PMI edged down to 61.5 in August of 2021 from 62.8 in July, and compared to market forecasts of 62, preliminary estimates showed. 5️⃣ The German IFO business climate is forecast to deteriorate, following a decline in German ZEW sentiment. AUD - Weak Bullish 1️⃣ Recovered from a massive sell-off last week after Fed Officer Robert Kaplan considered delaying a reduction in Fed stimulus. 2️⃣ A positive market environment benefits high-beta currencies such as the AUD. ===== Technical ===== We are selling the EURAUD after it breaks SBR. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Short
by MonsunAsia
Long Vision on EUR AUD for 20/08/2021Hello Dear Traders, You find below my analysis for EUR/AUD, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame EUR/AUD will fall to 1.632 as I am showing in my chart. Our Daily Goal is 1.63. Currently, EUR/AUD is moving towards the resistance level of 1.644 ,where there is some liquidity from this value we are looking for short-term selling opportunities of EUR/AUD. Good Luck and enjoy your Bearish Market for today. Entry:@ 1.644 TP1: @1.640 TP2: @1.638 TP3: @1.632 SL : @1.649 As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment. Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
Long
by HugoAJROUCHE
Short Vision on EUR AUD for 19/08/2021Hello Dear Traders, You find below my analysis for EUR/AUD, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame EUR/AUD will fall to 1.622 as I am showing in my chart. Our Daily Goal is 1.618. Currently, EUR/AUD is moving towards the resistance level of 1.6275,where there is some liquidity from this value we are looking for short-term selling opportunities of EUR/AUD. Good Luck and enjoy your Bearish Market for today. Entry:@1.6275 TP1: @1.625 TP2: @1.622 TP3: @1.618 SL: @1.631 As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment. Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
Short
by HugoAJROUCHE
1
Going down if not break the resistanceEURAUD is facing an extremely well formed reistance around 1.6189 area. RISK: it's also in an extremely well formed uptrend channel and moving up quite healthily, so it may beak the resistance and move up without much hesitation. NOTE: AUD employment data is coming out which may have some significant influence on this critical moment - it may simply accelerate either direction. At the moment I prefer to consider a down movement most time frames particularly lower time frames RSIs are all near oversold level (sill have room so it is risky to think this way) Price Entry: Now SL: 1.62 because it is a risky setup, price going above 1.6195 would have already invalidated it. TP: Fib based. AUD news may give a push. GL.
EShort
by mleader1
EURAUD - SHORT - WYCKOFF DISTRIBUTION AND DAILY SUPPLY ZONEEUR/AUD looks bearish on the Daily timeframe, when scaling down on the 4hr timeframe you can see the potential for a Wyckoff Distribution occurring. It looks as though we are entering Phase C of the Distribution and the potential for a UTAD to form. Further confluence is found in the long term downward channel, a false breakout would tie into the Wyckoff analysis. At the top end of the channel resistance is a strong Daily supply zone (in yellow). This occurs near the 61.8% Fibo so provides further confluence. I would look for price action confirmation either within the Supply zone or near the top of the channel, both would be taken as the UTAD formation and I would then initiate a short trade.
Short
by BullBearBlair