EURAUD: Technical Outlook 🇪🇺🇦🇺
Hey traders,
Last week, EURAUD broke and closed above 1.53 - 1.54 weekly resistance cluster.
The next goal for buyers is a major falling trend line.
Look for buying opportunities from a broken structure.
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Eur-aud
EURAUD - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
EURAUD is overall bearish trading inside the brown channel, and it is currently approaching the upper brown trendline.
Moreover, the zone 1.60 is a strong resistance zone .
So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper brown trendline. (acting as non-horizontal resistance)
As per my trading style:
As EURAUD approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURAUD dont see any sign to weakenDon't try to stop a train when it is running straight into you!
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EURAUD dips continue to attract buyers.EURAUD - 24h expiry - We look to Buy at 1.5400 (stop at 1.5325)
Previous support located at 1.5450.
Previous resistance located at 1.5500.
There is no clear indication that the upward move is coming to an end.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.5500 will confirm the bullish momentum.
Our profit targets will be 1.5550 and 1.5600
Resistance: 1.5500 / 1.5550 / 1.5600
Support: 1.5450 / 1.5400 / 1.5350
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Analysis Euraud : 📅 10/7/2022EURAUD analysis:
Due to the weakness and the formation of a downward trend, we were looking for a sell position in the correction, and we entered the transaction with the specified stop and profit limit.
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price: 1.52700
SL: 1.53500
TP1:1.51400
TP2: 1.50100
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👤 Alireza hajighasem : @alirezahajighasem
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📅 10.7.2022
EUR is about to offer a great selling opportunity in daysEUR is fundamentally bearish currency due to all sorts of problems. It will turn down at some point.
Technically, there are no more clear levels to the upside, only the yellow Break of Structure near 1.556 This means there will likely be a significant spike above where we are now.
But I will not enter hastily. I also watch other charts and I would like SP500 to top in the Premium Zone between 0.5 and 0.8 Retracement. This needs to happen at roughly the same time. Both SP500 and EUR started to rally at roughly the same time, both shall die at the same time, also.
EURAUD To see a lower correction.EURAUD - Intraday - We look to Buy at 1.5000 (stop at 1.4925)
Previous support located at 1.5050.
Previous resistance located at 1.5100.
A lower correction is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.5100 will confirm the bullish momentum.
Our profit targets will be 1.5150 and 1.5200
Resistance: 1.5100 / 1.5150 / 1.5200
Support: 1.5050 / 1.5000 / 1.4950
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURAUD a bull flag on the 0.618 🦐EURAUD on the 4h chart is creating a bull flag, with the price that perfectly tested with the lower spike the 0.618 Fibonacci level over a daily support.
The price has bounced over the structure and is now trading below the upper trendline and a resistance area.
How can i approach this scenario?
I will wait for the EU market open and IF the price will break the area i will look for a nice long order according to the Plancton's strategy rules.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Buying EURAUD on dips.EURAUD - 24h expiry - We look to Buy at 1.4900 (stop at 1.4825)
Previous support located at 1.4950. Previous resistance located at 1.5000.
There is no clear indication that the upward move is coming to an end.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.5000 will confirm the bullish momentum.
Our profit targets will be 1.5050 and 1.5075
Resistance: 1.5000 / 1.5050 / 1.5075
Support: 1.4950 / 1.4900 / 1.4850
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURAUD Recurring Channel Up hints to buying the pull-backThe EURAUD pair recently broke above the 1D MA50 (blue trend-line) and came just one step before testing the 1D MA200 (orange trend-line), which caused (on July 01) the last major rejection. We can see the possibility of a Channel Up emerging, in the same formation as those of November - December 2021 and March - May 2021. Notice the similarities on the 1D RSI sequences.
As long as the 1D MA200 is unbroken, it would be best to buy any pull-back that occurs below the 1D MA50and target, initially, the 1D MA200.
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EUR/AUD under heavy selling pressureEURAUD respected the key long term resistance, thus validating the downtrend. Throughout this week, price bounced off the lower trendline of the descending channel, which is currently acting as yet another resistance. We can expect the continuation of the downtrend, towards the 161.8% Fibs.
Looking to sell the EURAUD resistance.EURAUD - Intraday - We look to Sell at 1.4925 (stop at 1.5000)
Previous support located at 1.4850.
Previous resistance located at 1.4900.
Prices expected to stall near trend line resistance.
Risk/Reward would be poor to call a sell from current levels.
A move through 1.4850 will confirm the bearish momentum.
Our profit targets will be 1.4775 and 1.4750
Resistance: 1.4900 / 1.4925 / 1.4950
Support: 1.4850 / 1.4800 / 1.4775
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EUR/AUD:SHORT For SHARK Pattern RESISTANCE RSI Stoch SELLShark Pattern on EUR/AUD with the D point or reversal point exactly in confluence with a Resistance line. RSI turned Bearish and Stochastic Ready to fall from the overbought area. Additionally, the price had a strong rejection from the 200 Moving average.
EURAUD- 240 MINS CHARTThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
EURAUD looking up 🦐This pair after the break of the descending channel is trading below a daily resistance.
The market after a series of lower low and lower high create a higher low.
How can i approach this scenario?
I will wait for a potential break of the resistance area and in that case i will look for a nice long order according to the Plancton's strategy rules.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger