EURAUD trade ideas
Long in EURAUDI am currently in a long position on EURAUD due to the following factors:
Demand zone touch: The EURAUD price has touched a demand zone, indicating buying interest at that level and a probable price bounce upwards.
Technical analysis: Technical analysis confirms the presence of a demand zone and suggests a potential appreciation of EURAUD.
Economic expectations: The Eurozone economy is expected to recover in the coming months, which could benefit EURAUD.
EURAUD-BUYEURAUD Setup / Analysis
🕐 4hr's Chart
Key Technical / Reason's LONG
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What is our confirmation?
- Breakout trendline and retest
- Resistance Support level
- Pressure zone
- Ascending Pattern
- Descending Pattern
- The pivot zone
- Demand Supply
- Candlestick Patterns
- Orderblocks
AUDEUR trading setup for todayHey guys nova this side,
here is the trading setup for today.
Information:
macd showing a downfall,
rsi showing the price decline.
Improtant, it made the low and breaks it trying to test it again and going to reverse from it because the seller are sitting there for price decline.
as per the price action price is going to reverse with the hemmer or doji for the lower low again.
this is just for educational purpose make sure to manage your risk as per your capacity.
euraud sale entry and target ponitprice in currently in strong sale positoin making lower and lower we can take a sale entry at current price and wait for retest price at 1.66000 target will be 1.65400 and 1.6500 we must wait for re test of price coz price at strong support area if price break 1.66500 we can take a buy order
BOXWAY EURAUDWe're looking at a potential short opportunity in the EUR/AUD pair as it appears to be gearing up for a downside breakout from a consolidation box pattern. The currency pair has been trading within a tight range, forming a rectangular box on the charts. Our strategy is to enter a short position if the price breaks below the lower boundary of this box, indicating a potential shift in momentum to the downside.
Key levels to watch include the support line of the box, as a decisive break below that level could trigger selling pressure. It's essential to wait for confirmation of the breakout, possibly with increased volume to validate the move.
Risk management is crucial in this trade, with a stop-loss order placed above the box's upper boundary to mitigate potential losses if the breakout turns out to be a false signal. Profit targets can be set based on the width of the box, projecting a potential downside move.
Keep an eye on economic indicators, news events, and any developments that could impact the EUR/AUD pair, as these factors may influence the success of the trade. As always, it's important to stay adaptable and adjust the trade plan accordingly based on real-time market conditions.
EURAUD MULTI TIME FRAME ANALYSISHello 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 price action 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.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
EurAud LASTKISS BOXIn this trading strategy, we'll explore a potential downside breakout scenario for the EUR/AUD currency pair. A downside breakout occurs when the price of an asset breaks below a significant support level, indicating a potential bearish trend. Here's how you can approach this trading opportunity:
Entry:
Look for a clear break below the lower boundary of the box pattern on the EUR/AUD chart. The box pattern typically represents a period of consolidation, and a breakout below suggests increased selling pressure. Enter a short position as soon as the price convincingly breaches the lower support level.
Stop Loss (SL):
Mitigate risk by placing a stop-loss order above the breakout point or a recent swing high. This level can act as a safety net, protecting your trade in case of a false breakout or a temporary retracement.
Tags:
EUR/AUD: The specific currency pair being traded.
Technical Analysis: Highlighting the reliance on chart patterns and price movements.
Breakout Strategy: Emphasizing the focus on identifying and capitalizing on breakout opportunities.
Risk Management: Underlining the importance of setting a stop-loss to control potential losses.
Forex Trading: Indicating that this strategy is designed for the foreign exchange market.
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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