High probability long trade setup being formed. This analysis is based on trend lines, price action, support/resistance zones and sentimental information. It is a high probable trade with a relatively small risk to high reward ratio. I am expecting the 1.65455 region to act as support. Enjoy!!!!!
Hey Trader :) Looks like a nice rising wedge pattern ! Wait for a breakout. We watch the lower timeframes for an entry- if we see a good opportunity we will post it ! Leave a like, or a comment below if you like this setup ! Happy trading everyone :)
Current situation: - Price is in a long-term symmetrical triangle - Price is testing the lower trendline of the triangle Looking ahead: - Price will bounce off support and move higher - Price has tested this trendline multiple times demonstrating strength Notes: - Aussie employment numbers release on Wednesday. The forecast and results have been volatile.
Origin of Demand Zone, Bullish Divergence www.FXMarketTimers.com
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As EUR and AUD complete their yesterday big move, now i think there might be a opportunity for EUR/AUD here. Here this could be a possible bottom for EUR/AUD to stop(A=C), and start a bounce. Conservatively, i think this rally can be at least up to 1.5622(TP1) and 1.5669(TP2).That is around 0.382 FIB/76.4% distance and 0.5 FIB leve/100% distance of wave D. ...
Sell on breakout. Good Luck!
Currently oversold Buy @ 1.4950 SL @ 1.4750 TP @ 1.5250
Chart tells everything
Well it looks like double bottom type structure....I assume it's in a correction wave. If i'm right, than this structure should act like a double bottom with a neckline (psychological level around 1.5300). The Once above it we can target a correction wave upto 1.5400. Buy @ 1.5220 SL @ 1.5000 TP @ 1.5400
Stops for the Crab go 1.51350s. Looking for targets at 1.54800s and then a SELL for the completion of the ABCD pattern. Happy trading :)
We just had a completion of a Crab Pattern on at the 1.52714 (1.618% ext. of AC move). Looking for 1st target at around 1.1.54860 and then a possible SELL again to complete the ABCD pattern at around 1.49500s. Stops for the Crab pattern go at around 1.51350 or lower. Happy trading :)
Today’s Fed announcement that “many” Fed members are too concerned about global growth (especially China) to raise rates soon sent the USD into a tailspin. The announcement also emboldened the AUD against the EUR. The Eurozone is China's largest trading partner, and it stands to reason that a weak China is bad for the Eurozone. The same is true for the AUD,...
Well i tried to redraw it again.....It's a bull gartley :p==buy it around 1.6000, targets around 1.6200, sl 1.5800