EURAUD possible short for 1.538017th-21st weekly inside bar did not breach previous weekly bar high. closed off on the low. supply zone for short 1.5620-80. stop loss 1.5705, target: 1.5380
Euraudsignal
DeGRAM | EURAUD descending channelEURAUD is trading in the descending channel .
The market is consolidating at the resistance level.
Price action is printing HLs/LLs and likely to test the support level.
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DeGRAM | EURAUD buy pullbackEURAUD moved out of the ascending channel.
The market formed a consolidation at the major resistance zone .
Price is testing the support + trendline.
We expect a retest of the resistance.
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EURAUD - H4 - INCREDIBLE SHORT - SELL SETUPEuraud - H4 - this pair is pulling back down from a monthly supply and recently broke its h4 bullish structure.. expect massive sell off on this pair as audusd also takes off this week
EURAUD is set for 210 pip move!!EURAUD 4h, after quite a little time back and forth finally is forming a bullish engulfing on the 4h. Price already tested the trend line and now, as the long trend is bullish price is likely to push up to test the long-term monthly resistance level.
After the candle close, upon the formation of a bullish engulfer a buy trade is highly probable!!
DeGRAM | EURAUD buy pullbackEURAUD moving in the ascending channel .
The market pulled back to support zone with deceleration.
Price broke and closed above the psychological level.
We expect retest of the resistance level .
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DeGRAM | EURAUD pullbackEURAUD is trading in the ascending channel .
The market formed a range zone at the resistance level .
Price is making lower highs and higher lows, indicating a consolidation.
We expect a pullback from major the resistance level .
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EURAUDfrom the chart you can see the important price points marked out. once i get confirmation am going short on EURAUD.
⭕️The best buying and selling areas for the EUR/AUD 🧐💣🔰You can see the analysis of the Euro-Australian dollar currency pair in the 4-hour timeframe (EURAUD_ 4H) 🔍💣
💥The price is currently in the resistance area of the down trend line🖤❗️ If the price can break the Down trend line🖤 and Resistance🧡 and stabilize❗️ above it, it can experience the upward SUPPLY zone🔺🚀
But if the price can break the up trend line🖤 and stabilize❗️ below it, it can fall to the Support🧡 🧐
which direction will the price go to the GREEN💚 side or the RED❤️ side❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
____________📈TRADER STREET📉______________
EURAUD possible short for 1.461016th September daily key reversal bar made a new high closed towards the low. 19th & 20th September daily inside bars range confined within the key reversal bar range. 21st September daily insurance bar broke low of previous three bars low. 22nd September look like coiled bar. Suppy zone for short 1.4885-4935. stop loss 1.4960. target: 1.4610
EURAUD Will Go Down! EUR-AUD was trading in a local uptrend
But then the pair hit a horizontal resistance at 1.48791
And after that, a bearish breakout
Of the rising support happened
So we are now locally bearish biased
And we think that a move down is likely
DeGRAM | EURAUD breakout EURAUD is gaining momentum after a contraction that leads to an expansion.
The market could not make a new high at the resistance level and went down.
Price action moved out of the ascending channel and it might retest the lows.
We expect further bearish move.
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EURAUD TO BREAK OR FAIL FOR SHORTPrice still looking strong but i will be watching if we see another rejection from highlighted zone for a short opportunity. If you looking for shorts you MUST be patient, price is still in a bull trend!!
EurAud with 1.52 in sightIn my previous analysis regarding EurAud I said that there is a high probability of a break above 1.48 resistance and a rise above 1.5 and even higher.
Yesterday, after a few days of consolidating around the resistance level with pretty volatile moves up and down the pair finally closed the day to the upper boundary of the range, but more importantly, putting in a bullish engulfing on our daily chart.
This for me is an indication that bulls took control and the pair has now a clear way to challenge next important resistance above 1.52.
1.4750-1.48 is now support zone and dips towards this zone should be bought.
As I said, the target can be 1.52 and negation comes with a daily close under this week's low.
Best regards!
Mihai Iacob
EURAUD Short Scenario
Entry - In the supply zone
Target - 1.45680
Invalidation - 1.48820
Risk to reward ratio - 8
Technical confirmations
Full cycle of Elliot wave impulsive part is done and now the corrective part(ABC) needs to be finished towards C. Price has reached the supply zone forming the B wave.
Technical confirmations
Unemployment report in Australia comes on Thursday. The market consensus stands at 35.0 thousand for August, which would be a huge rebound after the -40.9 thousand reading in July.
Australian GDP grew by 0.2 percent in Q2 2022, from 0.7 to 0.9.
DeGRAM | EURAUD buy pullbackEURAUD is moving in the ascending channel by making higher highs and higher lows.
Recently, the market pulled back to the recent support level, which is a psychological level as well, at 1.47000.
Price action has formed classic breakout pullback continuation pattern.
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A break is looming. EurAud can rise above 1.5On the 29th of August, I've written that EurAud can rise following the false break and the 1.47 zone could be the bulls' target.
This target was reached last week and a correction followed.
As we can see from the posted chart, this correction stopped exactly in support, and yesterday's reversal is marked by a strong bullish engulfing.
At this moment there is a high probability of an up break with a target above the 1.5 zone.
Buy dips against yesterday's low can be a good strategy
EURAUD possible sell zone!!EURAUD is in a long-term downtrend. After monthly strong bearish engulfer, we have seen monthly doji last month. Currently, the price has grabbed liquidity from the resistance, and we have seen strong rejection from the top. As the price formed a reversal pattern, it is a high probability that EURAUD will continue to drop after testing the neckline of the reversal pattern as resistance, the price may continue to drop.
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DeGRAM | EURAUD buy pullbackEURAUD is in a bullish trend, making higher highs and higher lows.
The market is pulling back support zone.
Price action created a breakout pullback continuation pattern.
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EurAud- Rise after false breakOn the first of July, EurAud started to drop and the pair fell 1000 pips in only 6 weeks.
However, last week's drop under support is in fact a false break and on Friday the pair reversed and we have a strong bullish engulfing on our chart
I expect a reversal from this pair and a rise to 1.48 resistance
Buy dips as long as 1.4250 is intact can be a good strategy
EURAUD,EURCAD and EURGBP top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURAUD preparing for a big drop!!EURAUD has formed strong bearish price action on the 4H timeframe. The price is already long-term bearish. After the previous month's bearish engulfer, this moths price already retraced, now preparing for a big drop to create a new lower low!
The current price has broken the previous swing high, grabbed liquidity, and started to drop with 4H bearish engulfer
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DeGRAM | EURAUD sell pullbackEURAUD is pulling back to its resistance level after making lower lows.
Price action created a breakout pullback continuation pattern.
A perfect entry signal is going to be a false break.
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