FX:EURAUD   Euro / Australian Dollar
The price goes through the channel. The trend is falling. Resistance line price. Therefore, now I expect a fall in prices to the support line. Breakdown of the resistance line and level - Cancel.

Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩‍💻
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Comments

Long on EUR/AUD

+2 Reply
I am long , I mean a good long.. this seems to be strange way of predicting chart..what is definition of trend line as per your analysis,...?.
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I will be glad
Reply
Spot on; thumbs up lady
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Lingrid joshemeka
@joshemeka, Thank you so much))
Reply
Thank you !
Reply
Lingrid sergun1957
@sergun1957, It’s my pleasure))
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I'm in absolute agreement w your analysis. My own Concerns as I've entered this trade ~62.00, are trade duration and target price. Thoughts on timing and pricing? I use Fibs to asses targets. I'm short at 62.00 for a downside to previous lows? Although I feel we are all fighting temporary liquidity via Central Banks global QE. Please excuse my use of Macro within your technical analysis. especially since you have a stop out. Thoughts on duration and profit taking levels??
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You have a strong support line @ 1.6544. This was hit on 30 April and again 11 May. I agree with your analysis for a short, but with a TP @ the support zone mentioned. Thank you.
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Lingrid pyxis2025
@pyxis2025, Any time))
+1 Reply
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