FX:EURAUD Is inside a triangle consolidation, therefore we can buy at 1.595 area with a 40 pips SL at 1.591 and having profits up to 1.61 and 1.618 area.
-That area will hit the 4H first Bollinger bands. (2, 50).
-That area is a strong previous resistance.
-We will hit a strong daily up trend.
Remember always your risk...
As you all may know in my previous TVC:DXY analysis I shared a bearish trap in the weekly analysis , right now TVC:DXY is in a Bearish flag consolidation at our 4H chart and a Bearish Butterfly Pattern.
Also you can see that TVC:DXY is losing strength in MACD and RSI indicators divergence...
FX_IDC:EURCHF Failed at 1.17190, therefore we have a sell shot opportunity, as yo can see we have multiple testings in this area and no breakouts.
SL 1.17390 (20 pips risk)
TP1 1.15090 (230 pips) 70% fibo
TP2 1.13590 (380 pips) 50% fibo
TP3 1.1090 (720 pips and progressive) 100% fibo.
Trade with care!!
OANDA:USDJPY Daily Support and resistance equilibrium, allow us to see a HSH figure at the 4H chart, 25 pips risk for more than 300 pips profit!
TVC:JXY index as the same daily equilibrium, this is our third confirmation for this trading.
After the MoM results published today in TVC:DXY , we observed a bullish movement up to 110.850 level, now we are facing a bearish move that help us to enter to this trade at 109.867.
We are also observing the same support / resistance tendency in TVC:JXY .
We will be able to enter to this trade with a total profit of 459 pips with only a risk of 40.
We are facing a Head Shoulder Head Bearish pattern in OANDA:NZDUSD , same pattern that we are looking from TVC:ZXY On May 11th,2017 resistance, please wait until price level goes low to 0.72150 zone and jumps up to a PE level of 0.73450.
Please refer to TVC:ZXY graph!
For price entry, please refer to a MACD analysis...
As looking at the double roof on the TVC:DXY Week chart, price action did not drop the 93 level, therefore price went once again up, this is the main reason why I think price will drop (long way down) to the 75 support level.
This will affect all TVC:DXY pairs!
Please wait for MACD (3,10,16,CLS) divergence confirmation!
Same support analysis made in TVC:USOIL .
Refer to previous idea:
AB Support distance = 303
BC Support distance = 229
AB | BC Average = 266
We look forward to bring an up trend in the 41.70 FX_IDC:USDBRO price level according to August 8th, 2016 support level.
We are getting to the top resistance on AXY showed in May 14th, 2015 (81.6) and the lowest support on DXY (93.18) in the same day, right now the pair AUDUSD is falling into a trap, so wait to sell until we reach the 0.81630 level to sell, do not risk your earnings, enter with a MACD divergence (3,10,16,CLS).
Every time that we are looking for Support and Resistance, we are always wondering when will our price finally go up or down, in order not to risk your accounts, you can use the following MACD strategy and look for any price divergence.
Fast Length: 3
Slow length: 10
Signal Smoothing: 16