EURAUD Will Go Down! Sell!
Here is our detailed technical review for EURAUD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.651.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.636 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURAUD trade ideas
What To Look On EURAUDOur analysis is based on multi-timeframe top-down analysis & fundamental analysis.
Based on our view the price will fall to the monthly level.
DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you.
Please support our analysis with a like or comment!
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EURAUD double top "neckline" at 1.6500The EURAUD currency pair price action sentiment appears neutral, supported by the longer-term sideways consolidation. However, the recent oversold bounce-back retest of the major resistance at 1.6500 could trigger a bearish reversal.
The key trading level is at 1.6500, which is the current swing high. A bearish rejection from the 1.6500 level could target the downside support at 1.6400 followed by 1.6350 and 1.6220 levels over the longer timeframe.
Alternatively, a confirmed breakout above 1.6650 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 1.6740 resistance followed by 1.6810 levels.
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Buy Limit OrderIn the chart, a **limit position** typically refers to an order placed at a predefined price level rather than the current market price. Based on the image, here’s how limit orders might be relevant:
1. **Support & Resistance Levels**
The red horizontal line near 1.65272 suggests a key resistance or support level at which traders might place limit orders.
- Similarly, the price cluster at **1.64584 - 1.64404** could be a **support zone**, where buy limit orders might be placed.
2. **Possible Limit Orders**
- **Buy Limit Order:** Likely placed near **1.64500** (anticipating a price bounce from support).
- **Sell Limit Order:** Possible around **1.65300 - 1.65400** (expecting resistance at that level).
EURAUD SELL (Ideal Trade Setup)Institutional Trade Plan: Pullback to Institutional OB
🔴 Refined SELL Entry: 1.6530 - 1.6570 (refined OB zone)
🔴 Stop Loss: Above 1.6630 (to avoid stop hunts).
🟢 Take Profits:
TP1: 1.6400 (First SSL)
TP2: 1.6300 (Deeper Liquidity Pool)
📌 Trade Type: Swing / Trend Continuation.
📌 Confidence Level: High (Tighter confluence-based execution).
🔥 Final Institutional Decision:
✅ Wait for pullback to 1.6500-1.6600 before shorting. (wider zone)
✅ Do not short yet—Smart Money may induce liquidity before the drop.
✅ If price aggressively breaks 1.6650, re-evaluate for bullish bias shift.
🚨 Action Plan:
Set alerts for price approaching 1.6500-1.6600.
Watch for bearish rejection & BOS before entry.
If price breaks past liquidity zones, avoid early shorts.
Thu 13th Feb 2025 EUR/AUD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/AUD Buy. Enjoy the day all. Cheers. Jim
Potential bullish rise?EUR/AUD has bounced off the pivot which acts as a pullback support and could rise to the 1st resistance which is slightly above the 61.8% Fibonacci retracement.
Pivot: 1.6520
1st Support: 1.6416
1st Support: 1.6416
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURAUD ENTRY CHARTAs THE TREND IS CURRENTLY STILL BEARISH, though PRICE is around a strong demand AREA on the DAILY TF, We then had a push to the UPSIDE, while hitting A STRONG SUPPLY area ON THE H4 TF, So we waited for our Entry Confirmation to be CREATED on the LOWER TIMEFRAME with an INDUCEMENT CREATED, You can add this to your watch-list if this CHART meet up with your IDEA, Update will be given in the UPDATE SECTION, THANK-YOU.
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EURAUD ready to start a bearish runfor quite some time the price remained in range, which can also be called the consolidation phase. The current scenario shows that after breaking the support level the price is now retesting it. I have opened the short position by placing sell stop order and aiming at 1:2 RR.
EURJPY BULLISH SETUPOur analysis is based on multi-timeframe top-down analysis & fundamental analysis.
Based on our view the price will rise to the monthly level.
DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you.
Please support our analysis with a like or comment!
Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
EUR/AUD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
EUR/AUD is making a bearish pullback on the 1D TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.670 level.
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Plan: EURAUD BUYThis might be a change in trend with two big Marus developed from its lowest low. After breaking off from the range i set an Upward Key Level (clean base) from the lowest low hoping it would jump up from the Key Level and gimme a 1:2 rr.
But if it moves up further from this, i'll wait for a valid break out and only then i'll set the next Key Level.
Not leaving this trade as Set and Forget as it is going against the trend. The encircled might not be a valid break out as the maru is only supported by what i see as just a doji. But after a long downtrend with several downwards Key Levels developed before that, i think its time to change the trend upwards.
Entry: 1.6401
SL: 1.6386 (0.9%)
TP: 1.6431
Risk Management:
1. cancel trade if significant Imbalance developed within the discount zone.
2. Shock Move straight to targeted Upward Key Level.
Pullback resistance ahead?EUR/AUD is rising towards the pivot which has been identified as a pullback resistance and could drop to the overlap support.
Pivot: 1.6520
1st Support: 1.6363
1st Resistance: 1.6591
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURAUD - Long Term Sell (TP : 1.64075)Hello,
EURAUD is good time to bearish because it could not recover the Bull.
So far, it is range market in H4 for long time.
Weekly and Monthly showed me they are going to bearish trend.
I am trading the entry level soon. I do not trade yet because it is showed strong retracement by news.
I am waiting for more multiple 4 hours candles and trade with small risk.
Good luck.
SL : 1.668
Sell Entry Level : 1.66766 - 1.65913
TP : 1.64075
Good Luck - Do not trade big lot to prevent Margin Call. Big lot with small margin, the trend will be reversal temporarily until stopped-out your account by Margin call and big drop.