Price reached the weekly resistance along with the retest of a previous broken long trend line. In the test of the weekly resistance the price broke, again, the long trend line and is now retesting it, but is already showing some rejection bearish candles. I`m waiting for a clear bearish price action to go short!
Hey folks, We have now entered EA sell: Price @1.62478 SL @1.63400 TP @1.60500 Nice 2/1 ratio. I went in with 1% risk. If this next 4H candle closes ABOVE 13 EMA I'm going to take a scratch and close! Strict rules following these trades :)
Hey everyone, Last week we had our projection for EURAUD looking at a nice trend reversal. As predicted for this week, the pair has come back to retest the recent highs. As of now, I'm waiting for a second hit to the high, otherwise I will not take the trade from the top. Let's wait and see what happens! If they move, we move.
Bearish crab harmonic pattern in formation. Sell at 1.59680 SL 1.60180 TP1 1.58000 TP2 1.56205
To retrace to the 0.786 level of fibonacci would mean for price to get all the way up to 1.59949. 4/25/18 (1.61409) on the Daily timeframe, shooting star candle which lead to a massive drop (~860 pips) til around 6/4/18 (1.52747 top of a key zone.) Historically, this trend repeats itself from the ~1.61409 level very well. From 8/24/15 to 2/11/16 about 5...
EURUAD has Broken Multiple trend lines in 4hr and daily chart too. I am expecting more downside on this pair for the next target of 200 days EMA at 1.54500 levels.
EURAUD broke the channel and retracing now.. it is advised to enter after green candles are finish.. it'll be a good short... Please hit "LIKE" to support and follow for more ideas. Vinny
EUR/AUD has broken down the 200 EMA and is currently in a bearish trend. An opportunity has presented itself to enter the bearish trend. As the price breaks the current support (1.56 area) it may continue down for the rest of the month until it finds a strong support. The long term bearish move is cancelled if the pair finds the strength to break the 1.57...
EUR/AUD has been in a consolidation area for about a week and seems to have taken the impact from the last uptrend. As we can tell from our indicators, this pair does not seem to have the steam left to go further high. Thus, we can open a short position for the reversal of this pair back to 1.54. Our Stop Loss needs to be higher than the last highs. Recommended...
ON THE WEEKLY CHART, PRICE BROKE OUT FROM THE ASCENDING WEDGE AND IS CURRENTLY DOING A PULLBACK FOR THE BIG MOVE ON THE DAILY PRICE BROKE OUT OF THE ASCENDING WEDGE (WHICH IS THE PULL BACK ON THE WEEKLY) AND HAS GONE INTO CONSOLIDATION i AM EXPECTING PRICE TO BREAK OUT OF THE BOX AND THEN i WILL SHORT THIS PAIR. MY EYES ARE ON THE 1.5700 AREA.
EURAUD broke out the uptrend line and just retested. It is very much likely that the market will retest the lows. Momentum indicators supporting the view, i am looking for sell setups for a target to the lows.
EURAUD is in a bearish trend according to our indicator, we can either sell at CMP or wait for a pullback.
EURAUD is testing major support at 1.5772 (long term ascending support line, Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur at this level pushing price all the way up to major resistance at 1.6137 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance). We identified second support at...
Euro is still on the weak side for me this week along with the US Dollar and Pound. Nice simple set up here, hammer candle formation at a descending trend line. Target at fib extension, done.
EURAUD SELL SELL Opportunity! Will EURAUD Continue With The Move Down? According to Gann, Yes. A Good SL Will Be Around 1.6024 Levels
Price is testing major descending resistance at 1.5419 (bearish channel resistance, horizontal overlap resistance, 61.8% Fibonacci retracement) and a strong drop could possibly occur at this level to push price down towards 1.5285 support (Fibonacci extension, horizontal swing low support). Our next major level of resistance is at 1.5478 (78.6% Fibonacci...