🔸 4H CHART EXPLANATION: . . 🔸Price broke the Descending Trendline. . 🔸It could not break the Resistance Zone to the upside. . 🔸 Now, it has broken the short term Ascending Trendline to the downside. We consider that this pair has potential to reach the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
Welcome to our weekly trade setup ( EURAUD )! - 1 HOUR Bearish market open and price action. 4 HOUR Break and close below main sr level. DAILY Overall bullish market about to turn. - FOREX SWING SELL EURAUD ENTRY LEVEL @ 1.64710 SL @ 1.65400 TP @ 1.63750 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment...
(Bullish) Scenario 1: Stabilization above 1.658 (Range) Scenario 2: Neutral between 1.658 and 1.638 (Bearish) Scenario 3: stabilization below the price of 1.638
EURAUD on the monthly chart (left side) has been inside an uptrending channel dince July 2012. Market in the past months went up in a sharp impulse till the top of the channel before starting a strong pullback as we can see on the weekly chart (righ side) Price hit the previous weekly support and weekly ascending trendline before starting a new leg up. Now the...
A nice short set up forming here. Price is currently within the resistance level. I am looking for further confirmation from bearish candlesticks to show rejection at resistance. One price crosses the trend line at 0.64990 I will look to short this pair, providing that the RSI, RVI and MACD all show signs of a bearish move.
The pair is printing higher lows and higher highs (HL/HH), suggesting buyers are in control. It's currently above the pivot level. EUR is one of the strongest pairs today and NZD one of the weakest. The pair broke on H1 and M15 major levels: - on H1 and M15 price is now ABOVE the cloud - on M15 the lagging span broke the Kijun-Sen, Tenkan-Sen, and the KUMO,...
Expecting a breakout retracement to 38 Fibonacci .
All is explained in the chart, price is currently at a strong support level that has previously been used as strong resistance so this proves this is a very strong key level. This is as simple setup as you can get with 2 very nice targets that if met will have you counting your money for days ;p You can also use a tight stoploss on trades like this because if...
EURAUD has been really clean in terms of price action. From the chart you can see that the patterns have played out almost perfectly. Look for it to tag the bottom and get in on Long.
EURAUD has been really clean in terms of price action. From the chart you can see that the patterns have played out almost perfectly. Look for it to tag the bottom and get in on Long.
♦️ Pair : EUR/AUD 💢 Vision : BUY ☑️ Entry Point : Wait For Break Out Trend 💲 Target : On Chart ✖️ Stop Lose : Red Line 👇 ‼️ Reasons ‼️ 👇 ✔️ Resistance Area Break Out (Waiting) ✔️ Key Level ✔️ Trend Break Out (Waiting) ✔️ Price Action 🔴 Risk 2.5 % Lose ⚫️ Reward 15 % Profit
The market after a long downtrend found a bottom on the weekly support structure. After creating a double bottom on it price has now moved up, cutting the EMA 21 and testing the daily structure in blue. If the market will manage to break and close above it we can look for a nice long order with a first tp around 1.67400 area. ––––– Follow the Shrimp 🦐 Here is...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
Welcome to our weekly trade setup ( EURAUD )! - 1 HOUR Bearish break below main sr level. 4 HOUR Overall bullish market turning right now.. DAILY Great short entries for a retrace setup, expecting a push to previous lows. - FOREX SWING SELL EURAUD ENTRY LEVEL @ 1.64670 SL @ 1.65360 TP @ 1.63630 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels -...
EURAUD is trading in a massive upward channel with a strong horizontal support in green as an additional backup. After the in-channel diagonal resistance was broken, the pair was set free to go up with the channel and retest the upper bounds. Now, the small diagonal resistance has also been broken and there the new target is the horizontal structure...