Green and Above for entry, Pink lines for targets, and Red For Stop
AUDEUR-Correction and than towards the upper side Trade at S/R Levels and Wave zones
An excellent R2R trade on a massive triangle breakout. Price had just closed above the Nov 2015 high. Enter long market, stops below previous week's low. Target 0.7650. Turbulence expected at 2015's high of 0.7308 - active management at this level is required.
AUDEUR Trading the S/R Levels and Zones Short term Correction rebound to resist zone and then retreats towards the downside support zones Trading Rules: All S/R Zones has power to reverse the trade, but once broken with a closing candle Support zone will become Resist zone, and Resist zone will become Support zone. Only trade when levels in zones are touch...
AUDEUR Trading the S/R Levels and Zones Short term Correction rebound to resist zone and then retreats towards the downside support zones Trading Rules: All S/R Zones has power to reverse the trade, but once broken with a closing candle Support zone will become Resist zone, and Resist zone will become Support zone. Only trade when levels in zones are touch...
PRZ in support zone. TBar printed. Price on a trendline support. Price reaction confirmed. RSI oversold and retraced. RSI/Price divergence. Excellent reward/risk. Enter long market.
Description of Chart : Two possibilities here, the first is that we have ran into support and are now bouncing up from it, we could get a test of the yellow trend line above which is currently about 600 points (pips) away. Alternatively if you want to short the euro you can wait for a break of support around 1.4510 and then short it down to 1.3700. Website :...
On May 9, MacroView issued a short idea on AUDUSD and highlighted the strong correlations with copper and gold, which we would see the trifecta fall 2.93 percent, 4.90 percent and 6.68 percent respectively. We've seen all three etch out bottoms in early June, yet copper is retesting those lows on unexpected increases in inventories. The AUDUSD went big following...