DragosPaduraru

DragosPaduraru

entering long on the loe euraud on the backgrounf of disapointment data from Germany, the euraud is already trading low, structure on daily has previos rezistance became support,the H4 made a nice double bottom and we have also divergence on RSI and MACD indicators

DragosPaduraru

short gbp/aud at the 61.8 retracement zone on the daily chart, on the H1 chart we have RSI and MACD divergence, the candle pattern is not formed yet

DragosPaduraru

on the h4 leg the 61.8 retracement is confirmed by previous structure support and rezistance,a bounce from that will take us to prevoius support on the 1.55485 targhet

DragosPaduraru

a nice XABCD pattern with nice ratios, it the market touches the 2.3891 level we enter short for a larger pullback. i do not expect further strength in the kiwi.

DragosPaduraru

I expect prices to rebound from the 2.10813 area and to retreat to the 23.6 fib level, a 23.6 retracement can be validated even if we are in a uptrend move. Note! we enter only if we see a bearish formation pattern formed.

DragosPaduraru

we hit a strong support near1.0800 level and now we are in a correction, if the market retraces tot he 61.8 level i see a good opportunity for a long term short trade having in consideration the fundamental aspects on the both sides FED and ECB , note! We expect a sign of reversal on the 61.8 level at 1.1200 level and after that we enter short with a difference of...