Bottom x 6 vs. Trend-dynamic!

FX:EURAUD   Euro / Australian Dollar
870 9 41
We are trading near the illustrated central Pivot Support Zone - which is definetly a nice Action Points - that means that i exspect a bigger move with high volume . At this Level a decision has to be made.

Two trades are thinkable:
1 Long at the present Level or near the Support Zone , sl near below this Zone.
2 Stoppsell below the Support zone

Former View: Inverse H&S
Comment: oh oh...heavy downmove..
Comment: We have reached a very important level. We kissed 6 times this level, every single dip was bought. what will happen with this dip? will it be bought again?
If you think that, you could open a longposition with a stopp near below todays low.
A first sign that we have seen the low (temporarily) is perhaps the BB, at present we are trading outside - this is not "normal" so you could exspect a countermove back into the BB - the problem hereby is that BBs are only good for sideways markets/ slow trend markets) in trend markets you can`t handle trading with BBs.
Comment: we are here: the chart tends to break the in this tf shown main uptrend
Comment: The RSI signs that the downswing can go further
Comment: It seems very simple: If this would be a stock, i would try to catch the cyclical breakout. Stoppsell below 1.435, tp1: 1.384 TP2 1.28.
Comment: Others would buy this bottom - the Chance-risk-ratio is phantastic !https://www.
Comment: for you crazy counter-scalper: nice szenario, nice crr (but for me no signa for a turnaround right now)
Comment: microtrend (5min) is still short..the chart brightens a bit above 1.4445..- below todays low you could exspect a further downwave
Comment: 2 possible trades (scalpes)
Comment: shortside trigegred
Comment: rsi totally oversold...exspect a countermove -beware of a possible beartrap!
Trade active:
Comment: The RSI signs a further recovery perhaps up to the shortterm downtrendchannels upper edge .
Trading below 1.4420 is still bearish.
Comment: on its way...rsi is oversold now, i exspect a countermove soon
Comment: we dipped deep and kissed the potential buying area - nice Long crv now
Comment: they really bought this we have reached the min. correction fibo, the rsi is overbought
need a retrace to catch it :)
Thank you so much, very well spot!
hello marey ,,

is it still bearish and target 1.39 ??

thank you
yes..Trading below 1.4420 is still bearish.
hisham101010 marihuana-aktien
thanks again :)
Thanks again,,
Good morning,,

Big thanks for you and support,,

Please could you update this chart please ,, is it st8ll active ? Because after news it's go up .

Thank you
An eye opening analysis I was holding on my longs by changing stops.Now i can close all and sit on sidelines ! Thank you.
Good suggestions overall.
I'm on the short side, seeing a breakdown as possible here.
Big downside to 1.3211 if it does. (at least)
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