EURAUD has been bullish since the beginning of December 2015.As bulls have exhausted themselves a little, it gave the bears the opportunity to change the game. A break below 1.53 levels could bring EURAUD into a bearish movement. However a stop at that region may bring the pair back up even higher. Either way, this is a spot to keep on the lookout for.
THE MAIN AREA WE ARE FOCUSING ON IS THE RED CIRCLE AREA, COULD BE BEFORE COULD BE AFTER -ABC AND D STRUCTURE POTENTIALLY IN PLAY -THIS LINES UP PERFECTLY WITH MAJOR MONTHLY SUPPORT -FIB 0.618 RETRACEMENT -TARGETS WILL BE FIB LEVELS
I took a sell trade over a month ago This setup may seem crazy and unrealistic but i truly believe take profit will be hit by the end of 2016 Reasons behind this many reasons which i will not go into but if anyone would like to no why contact me i have no issues with explaining :) 8000 pips here we come
Looks like a Good Major Trend Reversal
1-the major trend is bearish 2- spining top at resistance 3-falling wedge @aboofeissal
I think it'd be a pity to start this year without testing the famous major annual support by BVSP. Although there are some fundamentals involved, always consider this before entering a long-term trend, the government as been changed but we "wont" (we may) see any new relevant changes until march, or april. So until february, it should call for it's bottom at the...
Eur/usd is finaly at the bottom of the triangle on the major major support line : - EMA 200 - Major support trendline - Psyhcological price 1.25000 (which was only touched and reversed immidiately) I explained everything other on chart. Please comment if you have any ideas :) Best regards
A key trendline that looks like breaking rightnow. Patient traders should wait for the candle close as a confirmation. Please leave a comment on how long you think one should wait before calling this trendline definitelly broken. I'd give it a couple days more ...
This pair has had one of the largest moves of the day. Currently pushing into the major psychological at 138. It is also pressing into a resistance point that has rejected it twice. Could be a triple top leading to a horizontal channel. If it breaks and closes above 138 then I see a little more upside before a pull back and a continued move north. Happy...
EURUSD is at a very important level. Based on historical price patterns, the 1.3450 area is a major point in terms of this pair continuing it's bearish momentum or not. The major support zone between 1,3512 and 1.3450 area has been compromised BUT price is just hanging onto the lower part of the zone. If price can stabilize, meaning it spends the next day or so in...
watching for a break of the triangle to amp up the short positions. Currently have a few small shorts in the market based off the top of the wedge and a weekly divergence.