I failed earlier shorting this pair on a lower time frame, but i cant help it but take the trade again. This time with a broken trend line in daily time frame + MACD crossover ratio is pretty good, so if turns out a losing trade, not much is lost.
Im already short on this pair but looking at other areas to watch 'IF' the current candle closes below the orange line a valid double top could form and if we see a candle close below the pink line further downside. Now we are in/close to the oversold area on several of the time frames. All in my opinion of course
EURAUD broke the trend line, consolidated a bit, a small pull down, and now its trapped in a channel. am expecting the channel to break and head down to our TP. this is a risky trade, am opening a small position and so should you. - Great ratio - Broken trendline - MACD divergence
I am expecting euraud to Drop from this upward channel or wedge Reasons To Short: Probably a REversal In Trend Point Triple Top Nearly Straight Line Upward Resistance High Bearish Volume As Seen Clearly Lower Boundry Breakout Upcoming News Likes To Be Supporting The Trade 1 By 5 Risk To Reward Ratio Trade
EURAUD, another nice setup for Short coming from the shoulder portion of the chart when it formed. Get ready for a short position when the bearish engulfing candlestick formed red Arrow sign.
Euraud broke the 4hour trand line and just retesting and on its way down
gartley pattern will completed possibly 1.57-1.60. after then it will activate short setup
After bouncing off the Fibo level, I think, that we could get down move. Even it looks like we could go much lower I'll be looking to take profits as shown and than wait if there will be good opportunity to get a bigger one. Also be careful with this thing, because when I see those long legs some of these candlesticks have... I mean this pair can be really...
Bounce lower from 61.80% Fibonacci level with bearish engulfing candle as well.
We have had our Double top and impulse leg down if we see a retracement to the 618 I feel that pervious support could act as ressitance and see a move to the downside
FX:EURAUD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD Safe Trades;
We have had our impulse leg x to a form. Waiting on the B to c leg, the reason for this is where price currently is, it has acted as previous support which could turn resistance. We have had a Bearish cypher complete on the 60 min time frame whcih is in Purple, currently looking for the 382 and 618 targets from that pattern, if the trend continues this could see...
TRENDLINE BREAK AND POSSIBLE RETEST ON THE RIGHT SHOULDER AND FIB LEVEL