EURAUD EYES A REBOUND - CAN THE BULLS HOLD THE SUPPORT?Symbol - EURAUD
Amid a broader global bullish trend, the EURAUD pair is currently undergoing a corrective phase, approaching the support zone of the established trading range. Market participants are observing efforts by buyers to defend the 1.7750 level.
The pair remains within a broad consolidation range. Price action near the lower boundary has exhibited signs of a false breakout and subsequent liquidity absorption, which could potentially trigger a rebound toward the midpoint of the range or even a move toward the upper resistance levels.
Sustained consolidation above the 1.7750 mark, coupled with the emergence of a local reversal pattern, may serve as a catalyst for renewed upward momentum. While the overarching trend remains bullish, the current move reflects a local correction. Fundamentally, conditions remain uncertain. However, the US Dollar Index continues to correct after a recent sharp decline.
Key Resistance Levels: 1.7855, 1.7987
Key Support Levels: 1.7750, 1.7695
Should bullish momentum prevail and price remain above the critical 1.7750 support - marking the lower boundary of the range, there is potential for a rebound targeting liquidity pools situated above resistance levels.
Euraudanalysis
EURAUD - IS THE DOWNTREND ABOUT TO KICK OFF?Symbol - EURAUD
The EURAUD pair is currently testing a key resistance level on the weekly chart. A false breakout has occurred following a liquidity sweep, with no apparent continuation of the bullish trend. Additionally, the chart is displaying a familiar pin-bar reversal pattern.
After the price exited the consolidation range, which was capped by the 1.6787 resistance level, a distribution pattern began to form, targeting liquidity located just above the weekly resistance at 1.7196. This target has now been reached, and the price is consolidating beneath the base of the reversal structure, signaling the potential for further downward movement. There is a likelihood of either liquidation or a downward impulse toward the 1.7100 - 1.7000 zone. The forex market has exhibited a relatively calm demeanor since the week's opening, allowing technical factors to dominate market behavior until fundamental influences come into play.
Key resistance levels: 1.7196, 1.7304
Key support levels: 1.7107, 1.7016
Interest lies in the areas just below the local lows; however, from a technical standpoint, the market is primarily focused on liquidity beyond the 1.6787 level. Given that there are no significant barriers beneath 1.7016, a break of this support would likely open up a clear path towards the next liquidity zone.
DOUBLE TOP PATTERN SHOWING ON EURAUD IN DALY TIMEFRAME EURAUD SHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD
DUE TO THESE REASON
A.DOUBLE TOP PATTERN SHOWING ON EURAUD
its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
EURAUD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARDEURAUD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
EURAUD SHOWING A GOOD DOWN MOVE WITH 1:8 RISK REWARDEURAUD SHOWING A GOOD DOWN MOVE WITH 1:8 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
EUR/AUD SHORT I waited patiently for Price to Reach the Top of the Trend Line Channel. Once it reached the top i realized the Highs on the MACD were higher than the Last Swing High (Hidden Divergence). Momentum started pushing towards the Down Side. I placed a Sell Stop at 1.65074 and set the Stop Loss at the bottom of the last Demand Zone.
EURAUD ShortFOREXCOM:EURAUD
Hello traders , here is the full multi time frame 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. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
EURAUD | Taking a pullback. Buy!When it comes to the technical analysis of EURAUD, right now it is still in downtrend. But now you might get a pullback to the upside. We've seen price broken the major support because of stronger resistance area(please refer the previous idea I have shared). If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area. And also don't forget to place the stop just below the entry area.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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euraud sell setup foundeuraud sell setup found
euraud showing strong sell setup by candlesticks analysis
euraud has falling the channel for long time, now it is showing that it has broken the trendline , here is the potential for sell the market from both of side, from major and minor wave , from both side market has broken trendline now we can expect a good sell for euraud after retracement
EURAUDThis Trade was some Risky.Because of High Bulling Pressure and as per analysis we are seens that bulling was slowly diminishing so analysis with you own and compare the similarities the entry (SNIPER ENTRY) . We cant says about 100% confirmation but we can predict the probability of the future with Analysis
hope you Good Trading Days
euraud buy setup foundeuraud buy setup found
euraud has falling the channel for long time, now it is showing that it has broken the trendline , here is the potential for sell the market from both of side, from major and minor wave , from both side market has broken trendline now we can expect a good sell for euraud after retracement