Euraudtrade
Jamie Gun2Head Trade - Selling EURAUDTrade Idea: Selling EURAUD
Reasoning: Possibly forming an inverse head and shoulders but resistance is holding for now. Looking to fade the rally.
Entry Level: 1.47000
Take Profit Level: 1.45150
Stop Loss: 1.47660
Risk/Reward: 2.8:1
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EURAUD is setting for a drop!!EURAUD(4H) has formed a very strong bearish price action. price already grabbed liquidity from monthly resistance and formed a clear reversal pattern. In the previous session price already has tested the neckline as resistance and we see a rejection. It is a high probability EURAUD will continue to drop as the long-term trend is down.
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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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EURAUD Multiple timeframe 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.
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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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EURAUD topdown analysis, UPDATED!!Hello 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 prearing for another drop!!UDATEDEURAUD ( 4H ) has broken out of support and is preparing for another drop. On the bigger picture, monthly there is bearish engulfer has formed on a strong down-trending market. price grabbed liquidity with strong doji and it is a high probability that the price will continue to drop in the direction of the major trend.
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EURAUD preparing for a drop!EURAUD ( 4 H ) has broken out from the symmetrical triangle with a bearish engulfer with an element of false breakout means there is a high probability of dropping this price as after the monthly bearish engulfer, higher timeframe long-term downtrend is resumed.
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EURAUD possible sell zone!!EURAUD ( D) has formed a daily hanging man on an important level of resistance. There is a high probability that the price will have another drop as after the monthly close, it has formed a monthly very strong bearish engulfing pattern means a long-term down trend resumed.
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EURAUD 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 stuck in patternHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:EURAUD
We can see market is stuck in range and testing its support.
So we are expecting perfect rise from its support.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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EURAUD 700+ pips movement could happenI will be doing a multi-time frame analysis to give you a good perspective of what the price getting ready to do. To have better opportunities in the market we want to have all the confluences posibles in our favor.
Monthly:
The price is overextended to the downside. We should know that every healthy market cannot move only in one direction. When the price is overextended we always could expect a retracement.
If we take the Fibonacci from the highest point of the retracement to the lower point of the retracement, we can note that the price has reached the Fibonacci profit taking level -.618 which will make the price weaker and help the price to make the movement that we are expecting.
The price has took the liquidity from a previous low. When price take liquidity from one side the movement to the opposite side is most likely to happen.
There is a M formation known as mitigation block, We could expect the price to retrace to the previous support to complete the pattern.
There is inefficiency in the price because the rapid movement that the price created to the downside.
Weekly:
The only thing that we can see different from the Monthly is the inverted head and shoulders the price has created. This confluence is great because is a reversal pattern and is telling us that the price could start the bullish run soon.
Daily:
The price from crating lower lows now is creating short term higher highs. The price have not break the previous lower high which means that technically the price still bearish ( Bad confluence).
Fundamentals:
COT REPORT:
EUR net positions:
Large speculators:31301
Leverage Funds: -5041
Asset Managers: 213,523
AUD net positions:
Large speculators:-28832
Leverage Funds:-13441
Asset Managers: 1426
The COT is telling us that the EUR is stronger which is good because for this movement to happen the EUR has to be stronger than the AUD