My former Analysis is still valid. In the Chart i Show a possible longposition with entry, sl & TP. Good luck!
Former analysis:
Faster than a speedy bullet!
The in my former Analysis mentioned supportlevel @ 1,4955 is broken. The Pair has reached very fast its trendchanels bottom. This is the level to watch!
Bullish szenario:
When swingtrader will buy the weakness (3?) and can break the ultrashortterm downtrend (mangenta line) it will be possible, that we will aim the last High ("2" @ 1,5255)
- If the Pair can break this Level we possible see a new High (2?) @ the trendchannels upper edge @ 1,558
Bearish Szenario:
- When the last valid "3" gets hurt, the shortterm short-szenario will go on. The next TP would be 1,4425
- Trading below this Level @ 1,4425 can be seen as a BIG SHORTSIGNAL, then the main trend is broken.
former Analysis:
EURAUD new swing-trade possibility?
The consolidation stopped @ fibo retracement 0,5. When that Level establish a Support, the possibility is given to see new Highs. Trading above 1,5145 generates a first target @ the former HIGH @ 1,5275, above that Level i exspect a new High at the trendchanels upper edge @ 1,5510
The consolidation stopped @ fibo retracement 0,5. When that Level establish a Support, the possibility is given to see new Highs. Trading above 1,5145 generates a first target @ the former HIGH @ 1,5275, above that Level i exspect a new High at the trendchanels upper edge @ 1,5510
Former analysis:
Faster than a speedy bullet!
The in my former Analysis mentioned supportlevel @ 1,4955 is broken. The Pair has reached very fast its trendchanels bottom. This is the level to watch!
Bullish szenario:
When swingtrader will buy the weakness (3?) and can break the ultrashortterm downtrend (mangenta line) it will be possible, that we will aim the last High ("2" @ 1,5255)
- If the Pair can break this Level we possible see a new High (2?) @ the trendchannels upper edge @ 1,558
Bearish Szenario:
- When the last valid "3" gets hurt, the shortterm short-szenario will go on. The next TP would be 1,4425
- Trading below this Level @ 1,4425 can be seen as a BIG SHORTSIGNAL, then the main trend is broken.
former Analysis:
EURAUD new swing-trade possibility?
The consolidation stopped @ fibo retracement 0,5. When that Level establish a Support, the possibility is given to see new Highs. Trading above 1,5145 generates a first target @ the former HIGH @ 1,5275, above that Level i exspect a new High at the trendchanels upper edge @ 1,5510