FX:EURAUD IF this is the beginning of impulse leg, and IF we follow the basics of elliott waves behaviour, this is what we can eventually have over the next 10 years... ;) Buy the 61.8% retracement... wave 3 Buy the purple Cypher when completed, wait is a virtue* ;) Buy the orange Cypher when completed ;) Safe trades;
For tomorrow we have very nice opportunity to go short or long. This pair is ranging sideways in a beautiful rectangle. I like when price acts like a magnet. Right now FX:EURAUD is in a decision zone. The price found strong resistance @1.6039 twice with the confluence of fibs 61.8. I think the price will retest the mini structure @1.5932 and then we should see...
Looking for a bearish pull back here down to around the 1.55681 range, then looking for the Bulls to take over and continue this upward trend. Areas of management would be the 1.60987 zone and also the 1.62242. Hoping for a break through at the top.
PRICE LOST STEAM LAST WEEK. POSSIBLE TRENDLINE TOUCH. POSSIBLE TRENDLINE RETEST. AWAITING BEARISH PRICE ACTION OR BREAK ABOVE 1.53 FOR LONGS
We have a confluence of two lines. A horizontal working as a beautiful support. And another, diagonal, functioning as a beautiful line of uptrend. I believe that prices have a high probability of rise.
Bat pattern already completed at the structure level and potential cypher pattern will be completed also at structure level , for me it's pattern confusion ! , but i think trading bat pattern (after candle confirmation) and putting take profit will be at 0.382 retracement of CD leg and stop loss will be under X with some room this give risk reward ratio 1.4 , i...
The Monthly n Weekly charts are showing bullish momentum as they're both bouncing off support levels to a possible uptrend. This is also confirmed in the Daily where I'm showing you the analysis which also shows the projection of both the target the CR levels above.
Waiting for a retest of the channel around the 1.1415-20 pivot (dont know how to add pivots) to go long. The daily is also looking in favor of a long trade. happy trading :)
I am looking at a possible long opportunity in EUR/AUD. I have labelled the move from the 1.3676 low (I see this as the end of a wave b) as a 1 2 with the 3 still dividing up. It looks like we have just made iv of 3 and are going for v. I have labeled iv as an expanded flat with an ending diagonal c. If this is correct the move should be very rapid. a break of...
Now that we have surpassed the equal wave measurement for the purple degree, we can look to add to the position in anticipation of 1.53. The size of this position needs to be no greater than 40% the size of the original position (see link at the bottom). The risk to reward ratio is still good, but the 'easy' part of the move has surpassed and trading could get...
The longer view of the EUR/AUD suggests EUR out performance and/or AUD under performance for the next several months. It appears red wave was an ending diagonal. Therefore, the 1.36 low should be solid. Since the circle 5 low did not reach the lower trend line, this expresses some pent up energy available. Breakout trades to the long side are preferred. I...
EURAUD just broke out of the pivot head at 1.4142. We should see some further bullishness.
Hitting a previous weekly and daily S&R zone, with a strong bullish push after touching the 1.37000 price point. Minor double bottom formation with an RSI divergence. Expecting a push back to the 61.8/76.4% retracement zone, possibly with a rejection of the downwards trend line
EURAUD will go until 1.3680 - 1.3650, after that will be back to at least 1.3820 - 1.3850. Pros : - Stoch is oversold - RSI is under 50 - EMA30 is 1.4053 - plenty of room to touch it.
Long order in EURAUD SL: 50 Pips Target : 160 Pips TP1: 98 Pips **** It is just an idea trade it only if your own analysis leads to the same conclusions****