First lower entry: (5MINUTE TIMEFRAME) 88.6% fib retracement area. Imbalanced price action on 5M timeframe & 50% of last institutional move that took previous liquidity.
Second entry: (30MINUTE TIMEFRAME) 78.6% fib retracement area. 50% institutional area of last bearish move before the bullish move upwards. Mitigation area for smart money to close out...
The pair (EURAUD) broke the resistance level on the ascending triangle. How do you spot the ascending triangle? Well, The top part of the triangle appears flat, while the bottom part of the triangle has an upward slant.
How do you trade this symmetrical triangle? Easy, ascending triangles are generally considered bullish and are most reliable when found in an...
We can see price broke out of a wedge pattern and made a higher high, currently waiting for price to come back into range for the retest where we can take it long to resistance
Price is approaching 1st support, in line with 61.8% Fibonacci retracement, 127.2% Fibonacci extension and horizontal pullback support. We could potentially see a bounce and further rise up to test 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance. RSI is also approaching the ascending trendline support, showing signs of...
BUY SETUP AFTER BREAKOUT
TARGET 1.59500
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you...
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
#EURAUD is trading in a rising channel
And broke the key level, retested it
And I am expecting a move up from support
With the target being the nearest local high
Serving as the resistance level
Buy!
As it can be inferred from the chart, the pair has broken out of an ascending triangle and headed to the next key zone above. But before reaching the next destination, we are expecting the price to re-test the broken area of resistance🙌🏻
