EURAUD has finally broken our major support-turned-resistance line at 1.5639 (Fibonacci retracement, horizontal overlap resistance) and a strong drop could occur from here that could push price all the way down to 1.5494 (Fibonacci retracement, horizontal pullback support). RSI (89) is still holding well above our ascending support line and only a break of this...
M PATTERN FORM WITH DOUBLE TOP ON EURAUD TO DROP DOWN
just for fun and easy setup,for beginner if they want to enter by themself in this trade as you see is in perfect range so what you ave to do is to wait a price fo out for this range (rectangle) and to wait a bit a confirmation and then enter short or long and manage your ratio or doing you first scalp alone. Quiet market so i see that perfect range i wann post...
Incomplete H&S Formation on the 1HR - looking for a strong down-move, potentially a weekly 1300 - 2000 pip trade.
i short at 1.5695 (1.5700 psychological level) to target a easy pullback on 1.5630-35 = 65 pips 1.5700 psychological level 1.5700 weekly resistance overbought in short term a small pullback is welcome i think enter at 1.5695-1.5700 target 1.5635-25 gains around 60 pips 2 x 1 lot forst lot will cut at + 25-35 pips and the second lot i will make a Stop loss...
The price is in the lower part of the bullish channel, and has created a support. So there are some possible buys.
EURAUD is testing major resistance at 1.5410 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 1.5272 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding reaction could occur. Trading CFDs on...
EURAUD is testing major resistance at 1.5354 (Fibonacci retracement, horizontal overlap resistance) and a reaction off this level could be expected to push price down to 1.5267 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding reaction could occur. Trading CFDs on margin...
EURAUD is now testing major support at 1.5267 (Fibonacci retracement, horizontal swing low support, pullback to descending support) and a bounce could occur at this level to push price up to at least 1.5354 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 2.8% and a corresponding bounce could...
EURAUD is testing major resistance at 1.5423 (50% Fibonacci retracement, horizontal swing high resistance, bearish descending channel) and a strong reaction could occur at this level to push it down towards 1.5310 support (50% Fibonacci retracement, horizontal pullback support). RSI (34) sees a descending channel signaling intermediate downside pressure. Trading...
At the moment we have this pair ranging after it's trend line breakout on Friday creating uncertainty whether it will return to the downside or not. Patience patience patience, let it breakout to either side of the box THEN enter!
EURAUD is starting to test major resistance at 1.5431 (50% Fibonacci retracement, horizontal swing high resistance) and a potential drop could occur at this level to push price back down to major support at 1.5297 (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below 98% where a corresponding reaction could...
We can see one more impulsive move on EurAud . Should wait to complete small flag for confirmation. Lets wait and See.
EURAUD has started to form a really strong reversal signal with a double top being confirmed at 1.5378 (23.6% Fibonacci confirmation level, horizontal pullback resistance). A potential drop could occur from here towards 1.5311 support (above 50% Fibonacci support, horizontal overlap support, double top reversal potential). RSI (34) sees a couple of recent bearish...
Hi traders! Uptrend channel Correction happened and now touched bottom of the trend Good opportunity to go LONG EURAUD LONG ENTRY : 1.52468 SL : 1.51963 TP : 1.58995 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
EURAUD is now back to testing major resistance at 1.5285 (38.2% Fibonacci retracement, 61.8% Fibonacci retracement, horizontal pullback resistance). Price could not break through this level since yesterday and price action seems to be stalling around this area. A possible drop could occur at this level in line with our bearish channel to push price towards 1.5182...