Euraud Trading around 1.3958 level where Strong Resistance on daily chart around 1.4070 if hold below a drop we can see toward 1.36.5-1.375 level where if hold above 1.4070 on daily closing then a upward move expected toward 1.4250-1.43 Advice to sell in range of 1.3958-1.4030 sl above 1.41 TP 1.37
On longer timeframes (H4,D1) you see the strong downtrend. Also price retraces quite reliable at the fibonacci levels. So consider a sell if price breaks the minor resistance line. Then could either go down immediately or first a little bit, then retrace at 0.236 fibonacci but finally fall too. The retracement at 0.236 fib. would just be one more...
Hi guys, just wanted to share with you this simple structure analysis on EURAUD. As you can see on the left hand side of your screen, this pair finally broke the 1,41 strong support that has been created previously. In this case we know it is a short signal, but we should wait for a retracement instead of chasing the price. So, i wait patiently and now price is up...
Hi guys, just wanted to share with you this simple structure analysis on EURAUD. As you can see on the left hand side of your screen, this pair finally broke the 1,41 strong support that has been created previously. In this case we know it is a short signal, but we should wait for a retracement instead of chasing the price. So, i wait patiently and now price is up...
when the support at 1.3675 gives way the pair will be heading toward the 1.345 level with 1.32 as an extension. the monthly chart as attached posted negative divergence on the rsi which broke through the ascending trend, implying that the support here will not last for long. All the best trading this pair and please remember to give this a thumbs up!
Hi guys, two different setups on this pair, there's a Gartley formation already completed and a 2618 that could be completed on the next hours. As you can see in both cases we can earn some profits, keep in mind that this particular time i'm going to use 1 single target for the pattern (at the 2618 completion) with stops above the X. Good trading! If you want to...
Hi guys, two different setups on this pair, there's a Gartley formation already completed and a 2618 that could be completed on the next hours. As you can see in both cases we can earn some profits, keep in mind that this particular time i'm going to use 1 single target for the pattern (at the 2618 completion) with stops above the X. Good trading! If you want...
Hey guys, We had a big impulse down and now analyzing the corrective structure. I've used help of a harmonic pattern; however, we need to get the final confirmations to sell. I would wait for the market to brake trendline and then look for a flag to sell. Carlos
Look for confirmation signs before hopping in, good luck
Hello Traders, Today we will share with you guys the EUR/AUD as it seems to show downwards pressure towards 1.38, before breaking the 1.389 resistance zone. It currently flirts with major resistance level. We will be entering a short call at 1.388 to head at least to 1.3825. Risk/Reward: ~2.1 Notice if the market closes hourly above 1.3905 this setup will...
After a rally from 1.20 to 1.65, the pick in Volumes is a sign that strong hands have distributed. Our modified stochastic is giving us a better idea of the direction. Natural target at 1.21500
monthly RSI has shown negative divergence and has now crossed below an ascending trend, which suggests the trend has turned negative and support at 1.3675 may prove temporary. When the gates give way the pair will be heading toward the next projections at 1.35, with any rebound being capped by 1.4040 If you found my thesis helpful please remember to thumbs...
Looking for price to break DB support have acceptance below and then retest that level 1.3722ish for short