EURAUD has dropped a lot the past few weeks and went in a straight line towards the current support area. There is the potential for a bounce here and best case scenario we start to see a small wedge developing. If this happens i will make an attempt at the low of that wedge to get in with half a pos and increase it if the wedge breaks upwards.
Looks like a solid triangle and a possible inverse H&S. Would be a nice scalp trade trying to catch the correction of the big drop it's made lately. I am going to go long if the triangle breaks and will move the stop higher as soon as we move higher. As soon as i get the chance, i want to move the stop to entry. The daily also shows a possible buy/reversal signal
The market is in a downtrend overall. the candlestick touched the trendline and market reversed.
EUR/AUD, the monthly candle is extremely bearish after failing to break yearly high's, Breaking the trend line will open up many possibilities and even dropping back to 1.59. Since the 20th of August we have been in a bull trend, Three attempts at 163.550 and all failed.
EURAUD M30 chart There are two bowl formations on the M30 graphic, large and small First target is 1.54xx Second target is 1.55xx ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** I'm sorry for the impaired expression..Just watch the chart, not what I write. :) PS make sure you give me a like, If you...
See chart for details, break of trend lines should be used for safer entry. Retracement to 61,8 is support level as well as the fib level - expecting a long from there. TP and SL on chart.
EUR AUD SHORT! Just finished a 5 wave elliot which will need an ABC correction. We have also formed a head and shoulders. This should go down to the .618 of the fib which is also where the gap needs to be filled. Ideas always welcome.
Currently in corrective structure.. waiting for drop
Rejected by the thick red line (monthly structure), below MAs which play a role of resistance, Fib level
Trendline has broken and retested. Big volume in the bearish candles. The market also cross and close below EMAs. Sell according to the plan. Kind Regards, Michail Sideris
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more detailed stats (39 most tradeable currencies) of 1st Quarter `17 @ my Drive drive.google.com i will update this 4XSetup around start of 3rd Quarter `17 again :) Best regards! Aaron
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more detailed stats (most 39 traded currencies) while march `17 @ my GOOGLE Drive drive.google.com i will update this 4XSetup while start of month - in may `17 - again :) Best regards! Aaron
more detailed stats (all 21 Major Cross-Rates) of 7th week 2017 @ my GOOGLE Drive drive.google.com i will update this 4XSetup while next weekend (usual closed time) again :) Best regards! Aaron
From a long term daily perspective I see it has been in a downtrend. It has retraced up to a level (1.444) it may reverse at or go up a bit (1.4500) more then finally head down to around the 1.42000 area.