Current price action retesting broken triangle support line at 1.448 - 1.453
Macro favours a short position as well, as the RBA looks increasing likely to end its easing cycle, while the ECB mulls additional stimulus in its Dec meet.
Height of triangle : Approx. 1,700 pips
Trade Idea:
Short : 1.45-1.453
SL : 1.463
First TP target, 1.37-1.38 (1/2 of...
Broken triangle pattern, with previous support (1.448 - 1.453). now turn resistance.
Macro is also supporting a short of this pair, with the RBA looking to end its easing cycle, while the ECB mulls expanding stimulus in its Dec meeting.
Height of triangle pattern = Approx. 1,700pips.
First target, half of triangle : Approx. 850pips, 1.37-1.38 (2014/2015...
Hi traders,
today i've found another particular pair at a very important decision point.
As you can see above, here we are retesting a daily level that recently had been broken. This level lines up nicely with two powerful fibonacci retracements.
With that being the case, over the next days we are going to look for some opportunities in lower timeframes (1hr and...
PRICE WILL CONTINUE ITS OVERALL BEARISH OUTLOOK, DESPITE THIS. A SHORT TERM BULLISH TRADE SEEMS IMMINENT. ENTER A BUY TRADE JUST ABOVE THE 1.44039 LEVEL, IF PRICE WILL BREAK THROUGH THRESHOLD.
ON THE ATR, WE'RE SEEING AN INCREASED VOLATILITY. TRADE WITH CARE.
This the weekly chart for EURAUD
-EurAud in the up trend line and make 3Top, so if it break the line1 down it will go most likely to 1.28919
-EurAud make a Harmonic Pattern and when it Completed, you can see what most likely will happen.
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 an interesting pair to watch over the past couple weeks. Price has declined breaking the weekly bullish TL, tested major support as well as bouncing off 200-day moving average on weekly time frame. Failing to close below these is good indication for a bull run.
Recently, we’ve seen the AUSSIE DOLLAR decline, as China’s manufacturing news has been...
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 broke a major trend line after testing a major support, then after hitting a minor resistance the pair decided to test the the support once again.
with that being done, am expecting it to go up from here once...
