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Euraudtrade

Potential Head and Shoulder Pattern Spotted @ EURAUDFX:EURAUD [/symbol Friends, [ b]H&S pattern and rising wedge are brewing on EURAUD (1D TF) with a potential price move of about 1000 pips (10,000 ticks) if measured from resistance area formed by left shoulder (potential right shoulder) to height projection of the H&S from it's neckline. 2 sell positions will be appropriate with TP1 @ the neckline while TP2 @ the end of the rising wedge. Good luck to us all. PPPDirhams... Follow my ideas at your own risk!
Short
by Kingsley_lotanna
2
EURAUD Daily Short! Where R Buyers (if any)? Price -Action POV.Aug 20 saw PEAK of price at Major Resistance 1.64301. Breach of this price would've created path to targets 1.70152 | 1.73186. Also, price peaked AFTER completing THREE Major Targets: 1.63591 |1.63467 | 1.61714; all in line with previous Buy-zones. What happens when Targets are reached? A SELLOFF ENTAILS. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you, Happy Trading.
Short
by legacyliked
EURAUDEURAUD is approaching strong daily support in so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. ON 1 H Chart EURAUD is forming a descending parallel channel but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. Trigger => Waiting for that swing to form and then buy after a momentum candle close above it . Meanwhile, until the buy is activated, EURAUD would be overall bearish can still trade lower.
Short
by SmoothJB
EURAUD - SHORT - WYCKOFF DISTRIBUTION AND DAILY SUPPLY ZONEEUR/AUD looks bearish on the Daily timeframe, when scaling down on the 4hr timeframe you can see the potential for a Wyckoff Distribution occurring. It looks as though we are entering Phase C of the Distribution and the potential for a UTAD to form. Further confluence is found in the long term downward channel, a false breakout would tie into the Wyckoff analysis. At the top end of the channel resistance is a strong Daily supply zone (in yellow). This occurs near the 61.8% Fibo so provides further confluence. I would look for price action confirmation either within the Supply zone or near the top of the channel, both would be taken as the UTAD formation and I would then initiate a short trade.
Short
by BullBearBlair
EURAUD hello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. EURAUD on my view is buy Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit week guys
Long
by Bexi03
1