EURAUD

The primary trend of EUR/AUD is bearish on charts. In its 4 hourly chart, the pair is sustaining below the trend line and is consolidating at lower levels. Price is taking support above the 50 day SMA in 4 hourly chart in the pair. It is having an important resistance at the level of 1.795 and support at the level of 1.5165. If it breaks its support level and sustains below it then we can expect it to show further bearish movement in the pair.


INDICATORS:-
MACD is neutral supporting the upcoming bearish trend in the pair.
RSI is also sustaining in its selling territory indicating the upcoming bearish trend in the pair.

STRATEGY: EUR/AUD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

Anyone trade EURAUD here?

I am looking at the EURAUD at the moment and looking at a potential H&S on the Weekly chart, suggesting further weakness supported on lower time frames such as H4. Volume diminishing on the Daily chart and the H4 chart is at the bottom of a pennant expecting a retracement before heading lower. So I am looking for a sell on this pair. I'm interested in someone else's view.

I'm long euraud for 40-60 pips from 1.6050

How long were you in the trade? I assume by now that you have closed out.
I have now entered my short position.

My positions are for a few hours or a day maximum

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EURAUD
Daily time frame
Megaphone Broadening Wedge Pattern
Upward price movement indicated
#fx #forex #aur #euro #euraud #forextrader #forextrading #forexsignals #forexstrategies #forexmarket #forexmentor #forexmoney #forextrade #forexprofit

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current 1.5720
expect to see it : 1.60
5 weeks or less

Current 1.5765

Can return to its week low.

Depend if eurusd gbpusd confirm 2021.06.20 is a higher low. By default in this circumstance audusd will be higher. EURAUD would be lower

110 pips (drawdown 41 pips, my broker have a bigger spike)

From 1.5720 to 1.5830

I definitely remove my buying view. Not comfortable how can close the monthly candle. I will be away for a while.

I'll be a seller @ 1.58458 (my sell limit expires in 6 hours) SL 43 pips

Current price 1.5821

this pair is rel hard to trade.
I have the feeling EA is dependent on EU and AU, so it can be manipulated from 3 markets and not only by moving $
How could you trade this EA? H4, D1 I saw EA has directional bias down, traded below 50ema, keep mking LH,LL, HL not HH but EA kept run up like 40, 50 pips, very large SL req to keep your position. and with that SL I trade in H1, M15, If I trade in D1 as video advised my stttop could be 200 pips wide, or with a risk o 2% I could trade all the time 0.01 lot, the profit is minimal, is that video a bad joke? or good advise for beginner trader with 5 or better a 6_digits_startcapital ?????
Is there group you could get informative current infos for trading this pair?