I have been waiting for this to get down to resistance and reverse. Waiting for it to break the middle resistance 1.42522 before I go long. RSI MACD both signaling upwards. A few leading indicators for EUR economy is coming out today, might be worth waiting for those before going in. The only thing I don't like is going long on a trend that is generally short...
3 Buy zones (4h Demand Zones) nested within Weekly Demand
Initial moves away all 6:1 or greater, profit targets 4:1/4:1/7:1
I'm anticipating reactions off the 60min supply and 4h supply, thus profits should be taken before the Supply above.
If Daily Supply is taken out before return to buy zones, trailing stop may be permitted.
Hey guys,
on EURAUD we are fighting against a support level on the daily timeframe that seems to hold. On the 4hr chart we can see a nice RSI divergence followed by an engulfing kicker (at AB=CD completion) that meets my trading strategy.
I'm waiting for a small pullback and then i'm buying this up. Stop 30 pips below the lower low of the consolidation period....
In other analyses I paid respect to weekly positions. These are where the power truly is. Occasionally we spot a key position in the market where we can find opportunities on lower time frames.
This does not mean I'm going long on this weekly. However, I'd be looking to go long on daily or 4H charts.
Descending wedge patterns on occasion herald a bullish...
1.4159 has not been cleared yet, and offering good support. Uptrend has possibilities to regain momentum toward the target set at 1.4752. Medium term outlook...
Risk: 108
Reward: 500+
Ratio: 4.8
DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Alright guys so from what I'm seeing, there's a support level that just wont break on this Euro / Australian Dolllar pair. What...
Euro/Aussie is one of my favorite pairs and it tends to work very technically. So I'm keen on this long starting from this buy area here. There is still possibility to get in a bit lower in the zone. My stop would be below the zone around 1.4280 and my 1st target at about 1.4500
Looking to long EUR/AUD at 1.4350 with a stop at 1.4275 with a 75 pips risk
Target is 3:1 (Make 225 pips with a 75 pips risk) around 1.4575 or higher, we will update the trade as soon as its triggered.
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On the EUR.AUD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.4380 & 1.4291
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618%...
Euraud Trading around 1.4550 level where seems Strong support above 1.44 and also weekly pivot point is around 1.4430 level and on Weekly its also change its trend so if hold above 1.44 we can see toward 1.48-1.51 level soon
Advice buy in range of 1.4550-1.4450 sl below 1.4370 TP1 1.4850 tp2 1.51
Best of luck 1st trade of 2017
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
EUR/AUD reversed from support zone
Next buy target - 1.4470
EUR/AUD continues to rise after the recent sharp upward reversal from the support zone lying between the powerful support level 1.4130 (which reversed the price multiple times from October, as can be seen below) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the...
