$EURAUD ‌1.63805 +0.27% - Uptrend Exhaustion at 1.64029? My Reversal Play



#StockTradingShareChallenge #EURAUD #CFDTrading

📊 GATE 15M TECHNICALS:
Price: 1.63805 (+0.00442 / +0.27%)
Today: High 1.64029 / Low 1.63059 / Open 1.63258 / Prev Close 1.63363
MAs: MA5 1.63856 < MA10 1.63910, Price 1.63805 = First bearish cross below MA5
MA30: 1.63821 - Price sitting exactly on MA30 support
MACD: -0.00029 | DIF 0.00054 < DEA 0.00083 = Bearish crossover, momentum fading

Trend: 1.62700 (start of day) -> 1.64029 high = +133 pips uptrend, now 24 pips pullback

🌍 FUNDAMENTAL INFO:
Why EUR/AUD moved today:
1. EUR Strength: ECB hawkish comments + German data beat
2. AUD Weakness: China data soft + Iron ore -1.2% + RBA dovish hold
3. Risk: Commodity currencies (AUD) underperforming vs EUR in risk-off
4. Correlation: EUR/AUD often follows EUR/USD + inverse AUD/USD

🎯 MY GATE CFD PLAN:
Direction: Short scalp (counter-trend) then watch MA30
Entry 1 Short: 1.6385 - 1.64029 resistance, SL 1.6425 (+20 pips), TP 1.63821 (MA30) / 1.63440
Entry 2 Long: If 1.63821 MA30 holds + MACD turns green, flip long to 1.64029 retest
R/R Short: 1:2.4
Leverage: x3, margin safe

Time Until Closing: 11h 46m - Forex CFD open, I close before US session volatility.

Gate Advantage: EUR/AUD CFD with USDT, spread 12 pips (1.63817/1.63805), no need for forex broker, trade 24/5 from crypto wallet.

Is 1.64029 the top for today?
EURAUD0.24%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
342 views
  • Reward
  • Comment
  • 2
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned