looking for further confirmation for shorts, watch for levels highlighted
Euraud - monthly and weekly charts showing demand retest and upside due for euraud and euro in particular. Expecting big upside on euro pairs over the coming months.
Waiting for price to break above this key swap level, our support turns into resistance. Breaking above this resistance would give us a good reason to execute ourselves in the market. Structure / Trend / Candlestick Reading,
Price Action (Technical Analysis): The past week we saw this pair break above very respected highs, key resistance turning into support. Dropping into the Hourly-30Min time frame we see a potential Cypher Pattern forming, Price is pulling back into previous structure telling us to go long and our 200-100 Day EMA's are snapping at our ideal area of entry. Look for...
Price Action (Technical Analysis): Top-Down Analysis is showing us that Price is continuously pressing up and respecting our Weekly Resistance. Speculating the Weekly Rising Wedge tells us that price is Coming to a Squeeze and we Expect Sellers to come in, Break this pattern, giving us a very good idea to go in short with good candle stick readings at Key...
Looking at all these confirmations plus all the MACD divergence. Once price respects 1.623, I'll be selling.
Hello traders, i am expecting euro to gain strength from that purple box. Also EUR/USD drops to test last week lows near 1.1200. Its a good entry point to buy for both pairs. Hoping another good week of trading. Control your emotions, and always use the correct risk management. bless !
EURAUD at the halfway... still undecided. I didn't calculate it as usual because I'm too tired, but I would like to go down on this pair. Just a few hours left for our 50% sale off --> Professional Trading Course. Learn how to beat the market as Professional Trader with an ex-insider! Have a good Trading Week! Cream Live Trading, Best Regards!
I have been waiting for this setup for quite some time and posted this analysis a while ago. On the daily time frame we have a 5 wave corrective structure that broke to the downside. We then saw a smaller structure form below that and we are now seeing a break of the smaller structure. This indicates that the short break is valid. I am waiting for my entry...
We can see the formation of a 5 wave corrective structure on the daily time frame which has broken to the downside. There is a smaller structure which has formed below the daily structure. A break of the smaller structure should indicate the continuation of price movement to the downside. The 3 Take Profit levels are indicated using Fib retracement targets.
EURAUD - Daily time frame. I was anticipating a reversal pull back on this pair for a few weeks and now i can see this pair and euro pairs falling into a corrective structure on daily time frames. After this big corrective move I see further strength in euro pairs and another extension/impulsive move to the upside on weekly time frame.
EurAud - H4 chart - I prefer shorts due to the current H4 structure which shows many confluences for downside including a H&S pattern, retest of trend lines and supply zones and a fib retracement with targets down to the next H4 support. Decent Risk to Reward on this trade.
Here I have identified an opportunity to secure a great low long position on this pair. I forecast a rebound in the Euro Zone o finish out the week and set a new trend for the remainder of the quarter. My stop loss and entry is there but the target is set with a long term vision. But you can place a Target #1 at 1.52200
Point D has been reached, so BAT pattern is on a great point to trade.
Long EURAUD: 1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) EURAUD has a cumulative probability of a =>6th day lower at 0.87%, hence there is a implied 99.13% chance of reversal on the daily. Trading Strategy: 1. Buy EURAUD at market in 1xlot, and add 2x on each daily close lower from here. Start in VERY small lots to reduce risk...