MaryJane
Short

Bottom x 6 vs. Trend-dynamic!

FX:EURAUD   Euro Fx/Australian Dollar
869 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
Inverse H&S!
Comment: oh oh...heavy downmove..
snapshot
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:
snapshot
Comment: The RSI signs that the downswing can go further
snapshot
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.
snapshot
Comment: Others would buy this bottom - the Chance-risk-ratio is phantastic !https://www.tradingview.com/x/rC0bCzQA/
Comment:
snapshot
Comment: for you crazy counter-scalper: nice szenario, nice crr (but for me no signa for a turnaround right now)
snapshot
Comment: microtrend (5min) is still short..the chart brightens a bit above 1.4445..- below todays low you could exspect a further downwave
snapshot
Comment: 2 possible trades (scalpes)
snapshot
Comment:
Introduction into 1-2-3 Trading Pattern
Comment: shortside trigegred
snapshot
Comment: rsi totally oversold...exspect a countermove -beware of a possible beartrap!
snapshot
Comment:
snapshot
Trade active:
snapshot
Comment: The RSI signs a further recovery perhaps up to the shortterm downtrendchannels upper edge .
snapshot

Trading below 1.4420 is still bearish.
Comment: on its way...rsi is oversold now, i exspect a countermove soon
snapshot
Comment: we dipped deep and kissed the potential buying area - nice Long crv now
snapshot
Comment:
snapshot
Comment: they really bought this bottom..now we have reached the min. correction fibo, the rsi is overbought
snapshot
Comment:
Kissing the support
need a retrace to catch it :)
Reply
Thank you so much, very well spot!
Reply
hello marey ,,

is it still bearish and target 1.39 ??

thank you
Reply
MaryJane hisham101010
yes..Trading below 1.4420 is still bearish.
Reply
thanks again :)
Reply
Thanks again,,
Reply
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
Reply
An eye opening analysis I was holding on my longs by changing stops.Now i can close all and sit on sidelines ! Thank you.
Reply
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)
Cheers!
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out