Happy Friday traders! Just wanted to share a few potential advanced patterns to keep an eye on heading into next trading week. I no longer have this pair in my portfolio, so I won't be able to participate but it's still one of my favorite pairs to do analysis on since it's been offering a massive amount of opportunities this trading year.
yes the long term consolidation would indicate short on EU but with a push back to the top side of the trend we have yet to see a new lower low with a possible push higher. Just fishing for different perspectives
vdubus
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I have a similar long perspective on EA
Akil_Stokes
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Longer term for EURAUD if I had to make a prediction I would say a move up to 57's or a move down to 52's are the next possible areas for price action to go
vdubus
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LOL A safe enough answer Akil, thank you :)
Akil_Stokes
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No problem, currently we're sandwiched between support and resistance so i don't feel strongly about a move in either direction until we break a key level of structure so until hat happens the only prediction i would feel comfortable making is a move to the next S or R level
TradeYodha
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Akil, at the moment it seems to be in the middle of nowhere. So I have a short idea too on this pair.
Akil_Stokes
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Sometimes a prediction just can't be made. Just sit back and wait for the market to tell us what it wants to do