EURAUD is facing bearish pressure, potential for further drop Price is facing bearish pressure from our first resistance in line with our horizontal overlap resistance, 38.2% fibonacci retracement and 61.8% fibonacci extension where we could see a further drop below this level to our first support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Euraudshort
EUR/AUD could move DOWN!Hey tradomaniacs,
EUR/AUD has tested a very strong resistance-zone 👉
In case of a re-test of this zone and a risk-on-sentiment in equities, we can expect this pair to continue its trend!👌
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EURAUD - To short to 1.52400, then long to 1.55800As you can see on the chart, price is currently in a downtrend. Price has left the supply zone at 1.55800 where it turned support to resistance.
Therefore, I expect price to short to the previous support at 1.52400 before retracing upward to 1.55800. Watch out🔥🔥
What do you think?
Share your opinion in the comment section.😇
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EURAUD – Short Term Sell before Big Buying OpportunityEURAUD is clearly in the middle of a downtrend. By the way its shaping in the High Time Frame no, its clearly already showing exhaustion signal by forming a downward sloping descending channel. Last wek, EURAUD price has just broken below a Lower TF Ascending channel structure impusively followed by break of bearish continuation flag in H1 TF.
I’m anticipating EURAUD to make one last leg to the downside up to the bottom of descending channel before it reverse to bullish phase. Considering the range from current price until the bottom of this channel, Its surely a sell opportunity that cant be ignored. However, I’m still consider this sell opportunity as short term bias so its still can reverse anytime soon. I will manage the position carefully with only small risk.
The real opportunity is still waiting for the price to reverse to the upside in my opinion. Once the price has reach the bottom of the descending channel, I will wait for a clearly visible impulsive rejection from that area. Any break of bullish continuation pattern will confirm the bullish move that I certainly will make sure to take advantage of.
For now, let’s see how will this pair develop, good luck..
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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EURAUD Waiting For The Short Opportunity...From a daily perspective, we managed to see the candles rejecting the support level at 1.5270 level. Also, price failed to break lower than 361.8% fib level at the moment. We managed to see strong BULLISH pressure at the support area which I expect price to reach the supply zone (red zone). There is great BEARISH pressure at the supply zone as we can see moving averages, resistance level as well as fib level holding that price range. For now, entering a small short position will be a good option followed by increasing your position at the supply zone. Do note that for price level to reach the next fib level, we must see a strong BEARISH breakout, breaking the strong support area.
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EUR/AUD Retrace Made, Short From ResistanceThis has made a good retrace, I would like to see it touch 0.5 Fibonacci ideally before dropping. MACD and EMA's have this on the verge of being bullish on this timeframe so I want to see these cross back lower before entering a trade. If they do not then this could continue higher to the next resistance level before dropping.
I have set TP just below the previous low at 1.52278 although I see this continuing down to around 1.47273. To reach that second target I would likely take the profit and make a second trade after a retrace.
EURAUD- Trading Plan and ForecastingDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not a signal. it's my opinion. trade your own risk. and Must Follow Money management.
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Thank you for your support!
EURAUD - Tracking Minor Waves - Wave iii of Wave 3 In ProgressIn this video I talk about how I have now got you into this short trade twice using AriasWave.
If you are short since the first short trade idea, I recently provided insight into how to lower your stop in order to lock in some profits and reduce risk to zero.
Even amidst the last NFP price still managed to do precisely what was predicted.
I expect much lower prices from this point, I will provide updates along the way.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
BUY EURAUD ENTRY: 1.53616 TP: 1.36636 | BEST CHART Dear friends
EURAUD is a big opportunity for next week 22/02/221. My recommendation is to put a sell stop at 1.53616, TP: 1.36636, and SL: 1.61241.
Why I believe in this trade is because of the different confirmation I have for a downtrend such as Ichimoku, Trendlines, ROC, and ADX.
Enjoy.
EURAUD SELLHey traders, This week I will look for a sell for EURAUD because the 200 ema is above price. I think price first will retest support at around 1.53800. If it doesn't break support I think price slowly retest support at around 1.56000 and then I am looking for a Sell. If price will break support I will look for a pull back and then enter a short. Have a nice profitable week everyone!! (and let me know your trade ideas in the comments)
EURAUD ABOUT TO POP!!EURAUD is going to fall nicely soon and it should give us over a 10 percent return for one trade. We've had another great week here at forexinsightsuk and we still have one more trading day left. We have taken full advantage of our watch list this week and have seen mega returns. We are staying humble and will constantly keep the grind going with the markets. What a day!
We entered this pair earlier and will be sitting on it for the next few hours while we monitor the pair carefully to see when we can bank profits. Good luck to anyone that has taken this trade.
EURAUD short trade ideaPlan: wait for the price to bounce off from resistance level (price rejection) --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
EUR/AUD New Update And A Sell Trade Here 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
Extreme trader sentiment points to possible EURAUD downtrendThe Trend Follower Strategy has just sold EURAUD at 1.56179. The system recommends entering this trade at any price between 1.56009 and 1.56349. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.50163. This suggests that the EURAUD could be trending downwards.The 14-period Average True Range on a daily chart is 0.0068, so the stop loss has been set at 1.56859. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
Signal ID: 75040
Time Issued: Wednesday, 17 February 2021 01:00:16 GMT
Status: open
Entry: 1.56009 - 1.56349
Limit: N/A
Stop Loss: 1.56859
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