Two wonderfully slope trendline pointing downwards. Three touches on the top and two on the downside. It took more than 3 weeks to develop this reversal pattern. About half of the formation act as consolidations of the prevailing trend. A breakout to upwards is eminent and of course, can buy after after the breakout.
Euraud Trading around 1.4395 level where we can see on daily Chart its formed strong bottom around 1.41 and also its seems strong demand zone if hold above 1.42 we can see 1.47-148
Buy advice in range of 1.44-1.4250 Sl below 1.4150 TP1 1.46 TP2 1.48
EURAUD looks good if it bounces on the trendline imo. Quite oversold so i placed entry order surpassed latest high on 15m. Take Profit at next resistance of high on 60, or look what happens there and trail your stop at logical points
Euraud Formed Strong Bullish pin bar in weekly chart and also hold strong support around 1.42 if hold above we can see 1.47-1.48 and also change weekly trend down to up
Advice buy Euraud in range of 1.4430-1.43 sl below 1.4150 TP1 1.4690 TP2 1.4850
Use small lot as its big range
EURAUD - Bullish Bat in channel - 1HR
I would be looking for another touch off the TL making a nice neat W Pattern of the Channel
Would come in for a nice entry if we see this happen
RSI has come out of Oversold but no divergence, therefore we want to see a W pattern here touching oversold again
Possible Long Position on EURAUD.
I have I have a short term buy projection (XABCD-red), with a somewhat in complete medium to long term sell projection (xabcd-blue incomplete). My targets short term (immediate) targets would ideally be the retracement of CD: Fib levels 0.38, 0.50, and 0.618.
The long term is ...
just want to put out this bat formation that is near to the completition. This is also in trend with the last price movements.
My levels are:
Stop loss: 1,4266s
Target1: 0,382 of AD
Target2: 0,618 of AD
pivot at 1.41275 should continue bulls to 1.47600+ weekly S/R has been overtaken wait till Monday or Wednesday latest to let price pull back a bit for a nice entry. If price goes below 1.43430 i would have to watch the pair further for a decision.