Looks like EURAUD is giving multiple signals to sell. RSI is now in the overbought zone. But which pattern to take? Bearish Gartley(Blue) Entry - 1.45153 Stop - 1.46240 Target 1 - 1.43379 Target 2 - 1.42283 Bearish Gartley(Purple) Entry - 1.43251 Stop - 1.43400 Target 1 - 1.41859 Target 2 - 1.40999 Bearish Cypher(Orange) Entry -...
The euro had a relief rally yesterday due to speculation the victorious Syriza party in the Greek elections will not force an exit from the Eurozone. This pair therefore spent most of its time yesterday making a 50% retracement of the latest swing low on the 1H but it seems to be preparing for some more downside. I was able to draw an exact 480 pips wide bearish...
The kiwi is trending downwards with clear levels of support and resistance. Just now going through significant level at 0.7415 - which I will take for a genuine break if price action reaches at least about 0.7380 level before reversing. The prior retracements have met very clear resistance levels, thus I looking to short around 0.7415 level. The exact numbers for...
This pair has been ranging in a 290 pip wide bearish channel on the 1H for the last 4 days. The upper trendline has been tested 4 times and the lower trendline twice. The announced QE programme for the Eurozone and the Greek elections this Sunday, with the Syriza Party leading in the polls (looking end to austerity measures and seeking forgiveness for part of the...
After the Cypher in the Asia Session here comes another opportunity in case of a bullish bat pattern completing at around 1.8518 TGT as shown