Trading Timeframe: H4 and Daily Trend: Up Current Position: Possible Downward Retracement Aim: Not going to trade the downside retracement of the up trend, will wait and monitor to ride on uptrend once bull shows it's sign. Action: Wait Entry: TBA Stop Loss: TBA Target Profit: TBA
H1 price at weekly supply level fresh demand zones on H1
Well there are two possibilities as pointed in the chart. I ,personally wait for 1.5822 to buy it. Best regards and good luck
EURAUD is showing a bearish shark at the 4h chart. It have a nice risk reward ratio have a look at it
EURAUD recently broke out of trend line Resistance last week, but if you check out the daily chart you can see the last 3 days have all had rejections form Aprils high @ 0.618 , swinging above yet failing to close above on all 3 days, seems weak from the bulls. Stoch 55,5,3 is at resistance of 93 and RSI has big divergence on the 4 hour. The concerning aspect of...
Very simple market structure here. The daily time frame shows the market in a bearish trend. With an impluse, a correction to the upside then continuation to the downside. There has been 3 days of multiple rejections in the descending channel and has now created a bearish shooting star, suggesting a strong move towards the downside. Watch the comments as I will...
Simple Bearish Flag breakout and Retest. Will be falling hard soon
keep following the trend line, looks a nice long opportunity here
Feel free to copy my trade. If I made you money, follow me!
WELCOME TO DACAPITAL-TRADING! EURAUD FOREX BREAKDOWN 02 MAY 2019 1 HOUR Bullish price movement into psychological resistance level 4 HOUR Taking out Midterm sellers and short holders breaking previous week resistance DAILY Bearish Waving market with good short entrys now! PULLBACK SETUP SELL EURAUD ENTRY @ 1.59920 SL @ 1.61260 TP @ 1.58385 (Use normal...
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 3rd, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 4 hour time frame, we can see price action had a nice move off the lows near the 1.5721 support area. Looking at the overall structure price action may still have room to run up to a key area of...
We also see the formation of this AB=CD harmonic pattern on the 4 hr chart. This is a pattern that still has strong upside potential which signaled us to take a long position with take profit set on the green zone. We have a neutral outlook on this pair, therefore we are trading this pattern and the previous Gartley pattern we posted as well. FX:EURAUD
A bearish Gartely Pattern is forming on the 4 hour chart and we are predicting it to complete the formation, therefore our strategy is to short the pair at the completion of the 4th leg. FX:EURAUD
With a bullish reversal already in place in EURAUD, it is now possible to identify the bottom at 1.56836 as the invalidation level for the bullish outlook. This means that as long as EURAUD is trading above 1.56856, the big picture bullish outlook remains valid. Trade Setup Considering that EURAUD seems to be completed a five-wave impulse in wave 1, a...