EURAUD reacted thrice to the trend line, by providing the best long-term investment opportunity.
It also provides a great confluence setup.
TIPS: Enter in the lower time frame
Plz follow fundamentals too, because they are the driving forces of the market
Don't predict the market, let the market react
If you like my idea please do follow for...
As we can see euraud was rejected at support weekly timeframe
and potentially he will reversal
we looking at 4H timeframe
he just made clear channel and potential making higher low , stuck at fibo 0.618 on 4H timeframe
we expect euraud will bullish to resistance , that arround 1000 pips
so you guys
if you follow my forecast dont forget to watch you...
I have buying idea on the basis of following confluences.
1. Demand Zone
2. Weekly Engulfing Candle
3. Price Rejection
Our Targets are based on Fibo Retracement 38% and 61% (Golden Ratio)
Fib retest after forming a swing high, then up to the -27.00% which correlates with a significant high around the 1.64200 zone. Momentum has shifted from bearish to bullish if you check higher timeframes such as the weekly.
Purple rectangles = minor s/r area
purple line = minor trendline
euraud swings 4-5% (700-850 pips) within a month
My BUY ZONE entry: 1.6200 TO 1.6275
My TAKE PROFIT AREA: 1.6915 to 1.6990
patience is key. I want to see this happen by july 27th . one month away
Distance between the 2 area 640 pips
Stop loss should be no bigger than 213 pips or around 1.6000...
Enjoy a free signal before the week gets started
Feedback, Likes, comments, and shares would be appreciated.
We have left a major 3hr s/r area where market has had a reversal
This would be a great opportunity to catch the trend reversal
Also we have 2 major monthly downtrend and uptrend lines colliding
Market has respected the major 12hr uptrend line, soon...
EURAUD traded down to the daily level around 1.609 and reacted sharply. You'll notice that it made another sell off attempt on the morning of June 3rd. This failed really quickly and price is testing the 1.632 level over on the 4-hour time frame. Price stalled at this level and should be rallying during the overnight session.
Heres my analysis on EURAUD before the week gets started.
enjoy a free signal.
trade at your own risk.
Entry: 1.680 (Buy Limit)
Best Entry: 1.676 (Buy limit)
Stop Loss: 1.671 (-90 to -50 pips from B.E.)
Take Profit: 1.697 (+170 to +210 pips from B.E.)
Take Profit 2: 1.729 (+490 to +700 pips from B.E.)