One of my favourite setups for the week...
Conformation: - weekly and daily candle stick, - indicator overbought area - resistance area
Price is reaching the 50% Fibonacci retracement level, and also we have resistance which is a key decision zone for a bearish bounce.
LOoking at EUR AUD we can see it spiked up heavily yesterday but shortly after the bearish momentum took over making price go back to the triple top and test it but shortly broke and we saw a drop of 60 pips+ inches from our 80 pip take profit but once we hit we'll look at entering again for the next target. TP : 1.59400 TP 1.58950
Price action has completed a ab=cd pattern on the 4 hr chart for this pair. The completion of the ab=cd pattern is in line with our short strategy therefore we added to our short position with take profits set on the green zones. FX:EURAUD
Hi All , I'm Opening a sell on this pair & this was posted on my free channel . We selling the rectangle range . Many thanks.
Introduction : Please read the full post before considering taking action. We have been witnessing increased volatility on both EUR and AUD all across the board, mainly because of the high deviation on the actual and consensus numbers when news are released, but it has still been following technical parameters. What appeared to be a breakout on EURAUD on...
EURAUD Short Analysis. Details in the chart.
our analysis base on market maker movement (MAAWVV) pls shift left and up and down to see chart fully pls advise your comment thnx adrenaline
BIAS: Short CONFLUENCES: 1, Rejected from monthly resistance 2, Ascending Wedge 3, Target is Daily support 4, Price is ranging between two zones on Daily
Key Resistance level and trendline also support my idea to fell down from here
EURAUD, Sell on H1. Pattern: double top=> Sell