-Head and Shoulder Formation (The Right Shoulder just Tick on the Daily Timeframe)
First Target will be at Pull Back at 38.2 Fibs
Second Target will Be at 61.8 Fibs
Happy Holidays Everyone!
EURAUD HAS NOW BROKEN THE SUPPORT LINE
AND AS I HAVE ANALYSED WE ARE NOW EXPECTING
THIS TO GO DOWN.
GO TO LOWER TIME FRAME AND CHECK IF A FLAG
IS FORMING. BUT THE REVERSAL AND THEN SELL
DOWN. WELL THAT IS IS YOU ARE SURE OF WHAT
YOU ARE DOING.
SUPPORT THE MOVEMENT WITH YOUR LIKES,
COMMENTS AND FOLLOW FOR MORE
I have been trading intra-day the last few days and couldn't focus on posting my analysis.
So here we go with EURAUD.
As you see it played out exactly how we predicted!
For the coming week, I expect a reset at the 200 EMA (white line) & previous trap area to then move up to @1.63300.
At this area we expect a larger move down due to higher time...
We have just entered EURAUD short on the M15.
Price formed a nice M formation and we expect it to drop 20-30 pips.
If the H1 confirms on the close aswell, we might add another entry and swing it!
Here's the analysis for the day for EURAUD.
We currently have a nice multi-day forming right at the last zoneflip before the anchor structure.
If this H1 candle closes BELOW 13 EMA we have a 2nd leg nameable pattern (Morning Star) and we're going to enter the trade!
Target will be around @1.6075.
Let's see what happens :D
Same as the other 2 pairs, EURAUD shot up aswell!
This one went a little higher than expected but then again, look where it stopped... right at another ZONE FLIP.
On the H4 we're looking to see a big fat shift candle to the downside, if this happens we'll get into the trade at the CLOSE of the H4.
But then again, we're not stressed to take a trade....
For the beginning of the week we're looking at EURAUD.
It formed a nice peak formation and dropped 2 levels on the H1. In correlation to level 1 on H4, we're looking for a stophunt high drop at the marked Zone Flip.
Let's see what this week brings us:)
Here another update on EURAUD.
We have closed our position with 100 pips profit!
Exactly at the area where we predicted the pullback, unreal how accurate these markets are.
Currently we're looking for a bounce off the 50 EMA on the H4, or a M formation off the 200 EMA on the H1 for a better entry.
It definitely looks like it's going to drop...