FX:EURAUD - We have a nice resistance above previous 4h candle, also previous support; - Point C with a target around the bottom of the consolidation "box"; (it can create a nice r/r option to buy) - Eventual pont D ... IF forged, can "give us" a new Lower High and other option to sell with friendly r/r. Eventual Bearish Cypher: Point B: 38.2% to 61.8%...
There is a potential bearish pattern, ADX also reflects this information (yes, I've added ADX data, I'm learning how to use it), so we think that prices will fall further. Suggestion: the above are for reference only, please careful consideration before use, welcome to discuss.
PRICE LOST STEAM LAST WEEK. POSSIBLE TRENDLINE TOUCH. POSSIBLE TRENDLINE RETEST. AWAITING BEARISH PRICE ACTION OR BREAK ABOVE 1.53 FOR LONGS
Very, very nice setup here. Please see my link below regarding the shorting opportunity of FX_IDC:EURAUD . I did shorting analyses on bigger timeframe. However lower timeframe says the same thing. Recently we are on Bears side! So we have Almost completed Bat battern @1.5046 with nice Targets. Target 1 with 1/2.2 Risk/Reward; Target 2 with 1/3.4...
EUR/AUD looks like it has made a clear 5 wave move up from the April low. I have drawn the 2-4 trend line and when this is extrapolated from wave 3 it catches the top of the move Wave 4 is 38.2% of the entire impulse which agrees with the fibonacci divider Wave 5 is also around 38.2% of wave 1-3 I am short from 1.5139 and am looking for 1.4640 as my first...
Looking to get a bit more from this down trend! 70-80+ pips...good luck
some divergence being showed here. Not only that, as shown in the chart price passed the 1.5 (round number) for a brief minute then went back under it. I'm also of the view that price go back iwithin the range of the bands.
This is an bearish alternative view of EUR/AUD. It is still possible that it is making a big flat correction possibly finishing with an ending diagonal C but I thought I would do a bearish view as well. If this count is correct the next move is going to be a very dramatic fall. I have labeled the move up from the 28th April Low as a zig zag correction making an x...
break re-test of bullish trend line (red) another confluence we have is failure to break above sloping bearish trend line (blue) on 3 multiple occasions; target 1 - 1.37672, target 2 - 1.28656
Entry around the 127.2 of AB @ 1.45818 Stops @ 1.47822, near previous highs of 02/12/2015, and above the 161.8 of AB Entry @ 1.43649, just above the 38.2 of AD The daily chart indicates a selling point, however the 4H indicates a potential rebound off the channel. Rebound could occur before descending to the 38.2 S. Stoch on both timeframes indicate further...
Long at D Targets on chart
EURAUD bouncing back from top of its rising trade channel, calling a pullback probably to the green lined medium term support.
KEEPING THINGS SIMPLE ON THE EURUSD (1 day, log scale) The picture is more mixed here than on the 1 hour chart : -price was meeting resistance (horizontal & downward sloping trendline), has turned -the April/May negative divergence worked out -at the time, RSI was just slightly at overbought levels (I would prefer a larger RSI overbought reading for a start of an...
My idea is based on Grey boxes are kind of AB=CD which is complete, so this is rather good signal for short here. Additional odd is confluence with 1.618 fibonacci level . Another odd is potential Cypher harmonic pattern (brown) to be complete, and - when completed - long from D point. Orange is potential butterfly harmonic pattern, but do...
Here we got a potential Cypher pattern short after a double top right at the major resistance of the 4H range top. We are looking to enter on a 0.786 retracement going short. We are still waiting for the RSI to change direction, but if we get the retracement it should come up. Kind regards Thomas Jeff