There is a good opportunity to catch 200 pips when EUR/AUD finally breaks it's resistence. Be on the lookout, when you do confirm the move with your own analysis, get in it professionally with the right risk management. This is simply an idea, always make your own analysis before investing. Happy trading!
The EURAUD is in the process of carving out an ascending channel on the 4-hour time frame. It’s the result of the 280 pip rally that began in the final session of March. Although the pair climbed to a high of 1.4216 yesterday, sellers were out in force above the 1.4180 handle. The selling pressure formed a 4-hour bearish pin bar, hinting at a substantial depth of...
monthly RSI has shown negative divergence and has now crossed below an ascending trend, which suggests the trend has turned negative and support at 1.3675 may prove temporary. When the gates give way the pair will be heading toward the next projections at 1.35, with any rebound being capped by 1.4040 If you found my thesis helpful please remember to thumbs...
we have multiple resistance's, one even dating back from August 3rd 2016. On the daily price is being squeezed. Price has failed at this resistance trend line multiple times and doesn't look like it has the strength to break it now, however if price breaks above the trade will be invalid.
PRICE WILL HIP THE 1.48685 SUPPORT LEVEL. PRICE SHOULD BOUNCE BACK TO 1.4964 LEVEL. ENTER TRADE AT 1.48685. STOP LOSS JUST BELOW 1.48138. LIMIT IS 1.49464. STOCHASTIC/RSI IS BELOW 20.
after testing the support on 1.4582 twice the price pull back and we are looking now to see the price on 1.48202 resistance area and looking for a caution there then for the next resistance after the break up
EURAUD has been bullish for the past couple of days, and for the past 5 days (to be specific), the pair has managed to retrace 61.8% of its bullish move. Friday's candle has a long-ass lower wick which managed to reach the 61.8 Fibonacci retracement level which also confirms bullish momentum being dominant. Looking at the bigger picture - there's a descending...
We might break the trendline from the looks of it. IF we do, wait for a minor pullback and the buy.