rainbow theory during Ramadan fasting best time for me to get out of the closet one way or another this uptrend need a correction // due to last strong rises in gold prices please notice that am not an expert in any way and this is for sure not aright analysis. but even then, i like to call it masterpiece :p
HI NEWS: -AUD/USD appears to be stuck in narrow range following the Reserve Bank of Australia (RBA) Minutes, but the exchange rate may exhibit a more bearish behavior over the coming days as the Relative Strength Index (RSI) snaps the upward trend carried over from the previous month personal opinion: -Depending on the demand, we expect another rise in the short...
Inverted descending scallop formation, low success rate in a bearish market 5/21 in bearish conditions, but eh, we will see how it plays out. Weekly chart.
euraud update supply n demandzone
AUDEUR may have found the support and continue the Upward Trend. Symbol: AUDEUR Timeframe: 1H Flexble Target Signal: The upper ribbons become Yellow or Red, which means the possible resistance works and it can be a good time to take profit or to stop loss. T1: 0.6180 T2: 0.6195 Stop:0.615 - a tiny stop loss setup Indicator: 9 Seasons Rainbow Multi...
Approached the resistance From the level usually begins the trend down
EURAUD has been moving in an interesting manner of late. If you noticed on the 4 hour, a consolidation around 1.63500 to 1.6300 - with a spike up to 1.6450 and falling back into the 1.6300 - 1.6350 range thus creating a head and shoulders. Daily - We have come into Yearly highs, with a Spike up and a bearish close on the day, forming a shooting star/bearish...
Had a position like this earlier although i pulled out prematurely. We have a range here with euro maintaining strength and AUD loosing strength when checking other correlated pairs. Also interest rate cuts should bring the dollar down further hence the short. Lets see how we go hey.
After the great short trade we did 2 months ago, EURAUD had made a big rally past weeks and it has to make a correction sometime. With this possible wedge in the making, we might be able to catch the high for a decent correction. It's not a great wedge, because it could possibly be a ascending triangle instead. So i want to see a few more rejections first before...
audeur is looking very bullish at the moment with price heading towards both daily (green) and weekly (purple) support zones.
price made bullish flag pattern and price retested flag while creating a support zone.
I have been looking at this one for a while now. It seems the support of that wedge finally broke, so we should see more bearish movement coming period. The lower high is set, but not confirmed yet. Needs to break that green support (break the previous low) around 1.590 first. On the right it seems it broke a support line and now doing a retest of it. I tend to...
Overall On w2 AUD was the strongest against all currencies. EUR on w2 was one of weakest. For w3 i will have bullish position Weekly Looks like bears losing steam, but still in cotrol of market Exhaustion candle as well Daily Uptrend, good power. 4H Uptrend, seems reversal pattern has been launched from exhaustoin candle. Open LONG ENTRY 0.62900 TP...
EURAUD has dropped a lot the past few weeks and went in a straight line towards the current support area. There is the potential for a bounce here and best case scenario we start to see a small wedge developing. If this happens i will make an attempt at the low of that wedge to get in with half a pos and increase it if the wedge breaks upwards.
Looks like a solid triangle and a possible inverse H&S. Would be a nice scalp trade trying to catch the correction of the big drop it's made lately. I am going to go long if the triangle breaks and will move the stop higher as soon as we move higher. As soon as i get the chance, i want to move the stop to entry. The daily also shows a possible buy/reversal signal
The market is in a downtrend overall. the candlestick touched the trendline and market reversed.