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Euraudshort

Bearish Bat Pattern Spotted on EUR/AUDHello trader, I hope your week has been profitable. I want to highlight a classic bearish bat pattern I spotted on the EUR/AUD pair. The chart shows price rejection at point D around 1.61110, with the red zone indicating strong resistance between 1.61069 and 1.61244, which also serves as the PRZ (Potential Reversal Zone). With additional confirmatory signals, entering a short position near the PRZ seems promising. I plan to place my stop loss slightly above the PRZ at around 1.61334 and set profit targets at 1.60756 and 1.60546. Cheers!
Short
by Samuel124
2
EURAUD I In correction and short opportunity coming soonWelcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
1
EURAUD Technical Analysis and Trade Idea👉🔍 In this EURAUD analysis, we explore the higher time frame charts which currently indicate a bearish trend with a retrace into resistance. However, price action shows a strong bearish move after todays data release favouring the AUD. Im looking for a possible short term bullish reversal into resistance for a sell opportunity. It's important to note that this is speculative and not a guaranteed forecast. It's prudent to watch for certain price movements to verify a genuine reversal. This video provides a close look at the trend, market structure, and price action. Remember, this content is for educational purposes only and trading carries significant risk. Always ensure you implement strong risk management strategies in your trading practices. 📈🔔
Short
by fxtraderanthony
2
EURAUD Technical Analysis and Trade Idea👉 In this analysis, we focus on the higher time frame charts for the EURAUD currency pair. Currently, these charts indicate a bearish outlook. However, we observe that the price has traded into a key support zone. Additionally, the market appears to be overextended. In the accompanying video, we discuss a potential retracement and a trade idea based on the Fibonacci retracement levels (specifically, the 50% to 61.8% range). It's essential to recognize that this assessment is speculative and not a definitive prediction. To validate a true reversal, close monitoring of specific price movements is necessary. The video provides an in-depth analysis of the trend, market structure, and price action. Always remember that trading involves substantial risk, so prioritize robust risk management strategies in your decision-making process. 📊✅
Short
by fxtraderanthony
EURAUD I Potential short from resistance 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
2
EURAUD I Short and long trade plan 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
2
Sell EURAUD Channel BreakoutThe EUR/AUD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.6336, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.6282 2nd Support – 1.6242 Stop-Loss: To manage risk, place a stop-loss order above 1.6390. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
3
EURAUD I Neutral bias and what I expect next (trade update)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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
by BKTradingAcademy
EURAUD I Potential bearish continuation 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
2
EURAUD I Scalp & Intraday Short from resistance zone 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
1
EURAUD:🔴Bearish scenario🔴 Well, as you can see, the price purged the weekly external range liquidity, had a bearish reaction, and shifted the market structure, most likely we are on the sell side of the curve now. Recently the price took the sell side liquidity which can cause the price to move higher to collect the buy side liquidity and then drop to draw on liquidity. The price can move lower from here to 4-hour FVG and collect the first sell-side liquidity. If the price goes higher we can sell above buy-side liquidity, by lower time frame confirmation. 💡Wait for the update! 🗓️22/04/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
3