Daily : if we see on this chart, we can see that the ratio from fib ext, all the ratio's have same thought about 1.35 area. if we see on the left structure its a good support. H4: on h4 we can see in here that we have double top playing on there but need a confirmation for go short. im thinking to go to wait and get some confirmation again from 2.618. why?...
The Situation shows a very good setting. But there is a potential for 1.419 again, before going up. So therefore wait for 1.419 or for the red trend line to break for a good entry.
I'm looking at two things here on the EURAUD. Bigger picture is a potential bearish trend continuation trade as price action looks to make a retracement into a previous shelf of structure. Around that same level lays a potential bearish butterfly pattern completing at 1.618 & 1.272 Fibonacci confluence. Adding to that we have more ratio confluence in the form of...
if we can see on Eur Aud has downtrend continuation so imo price could be go up first to finish butterfly bearish then price could go drop again
Friends, Last Wednesday, June 04th, i posted two bearish targets for this chart, nmaley: 1 - TG-1 = 1.43744 - 04 JUN 14 and 2 - TG-Lo = 1.40384 - 04 JUN 14. For a detailed technical commentary of the predictive analysis and forecasting, see the original chart/text here: . As of today, the outlook remains bearish and the lower target remains intact and in...
In case of someone follow the White Rabbit, next Target for this kind pair could be 1.48. Best Regards, Serge
EUR/AUD - 3 HRS Chart Technical Analysis