According to my analysis, Wave 2 exactly touched the point I have mentioned. Right now we are in wave 3 (impulse).
Take Profit: 1.6084 Wave 4: 1.6209 Wave 5: 1.5881
Hey Traders!
Here's my idea on EURAUD for the next week. As you can see, there is the trend line what is broken, than retested. To GO SHORT is a good oppurtunity I think. BUT IF THE PRICE BREAK THE RESISTANCE AREA AND THE TRENDLINE TOO, DONT GO SHORT!
Merry Xmas!
Enjoy profit:)
Benjamin
Look for an entry above $74 when the price breaks through the top of the second base with high volume above the 20 day average. See image for details.
Look for a 100% - 500% run thereafter.
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I have slightly re-evaluated my inverted head and shoulders chart that I've posted a lot about recently, with the shoulders in a slightly different place, but the travel of the market from here and head target have remained the same.
Remember I was pretty clear about needing...
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The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero line.
The oscillator Force Index is above the zero line.
If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1145.00
• Take Profit Level: 1160.00 (1500 pips)
If the price...
