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.
EURAUD long setup
FX:EURAUD Safe Trades;
EURAUD long setup
On the rise and shall reach 1.47 level had huge drops because of news and over selling. Price is well below both EMA's TLs are broken.
Trend Break on longer TL and trendily bounce on daily. No brainer long with stop at 1.4615.
Long EURAUD: 1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) EURAUD has a cumulative probability of a =>6th day lower at 0.87%, hence there is a implied 99.13% chance of reversal on the daily. Trading Strategy: 1. Buy EURAUD at market in 1xlot, and add 2x on each daily close lower from here. Start in VERY small lots to reduce risk...
Price has reacted to the support trendline, RIS is overbought and the possibles targets are fibonacci level and next resistance levels...
FX:EURAUD Safe Trades;
EURAUD - Here is an idea to go long on this pair on the daily timeframe. This pair has formed a Higher Low (HL) and has broken resistance zone at 1.487. You can also see that that zone is the neckline of an inverse head and shoulders pattern. Another reason supporting a buy trade. MACD histogram is above zero line and supporting a bullish trend although the...