AUD is not having a good day on several pairs. I usually do not trade against the general trend, which is down on this pair, but can't ignore the macro economics together with the analysis. I'm in if it passes 78EMA again, with a tight SL.
Hey Folks, We are still in Daily downtrend so we can plan bearish moves from this structure. I expect one move down and then an up move to trendline. It could brake but by now I'll expect more downside in the Daily structure. Watch for this moves. - Hola Amigos, Estamos en tendencia bajista en Diario todavía así que podemos planear ventas todavía. Expero un...
when the support at 1.3675 gives way the pair will be heading toward the 1.345 level with 1.32 as an extension. the monthly chart as attached posted negative divergence on the rsi which broke through the ascending trend, implying that the support here will not last for long. All the best trading this pair and please remember to give this a thumbs up!
Hey guys, We had a big impulse down and now analyzing the corrective structure. I've used help of a harmonic pattern; however, we need to get the final confirmations to sell. I would wait for the market to brake trendline and then look for a flag to sell. Carlos
monthly RSI has shown negative divergence and has now crossed below an ascending trend, which suggests the trend has turned negative and support at 1.3675 may prove temporary. When the gates give way the pair will be heading toward the next projections at 1.35, with any rebound being capped by 1.4040 If you found my thesis helpful please remember to thumbs...
we have multiple resistance's, one even dating back from August 3rd 2016. On the daily price is being squeezed. Price has failed at this resistance trend line multiple times and doesn't look like it has the strength to break it now, however if price breaks above the trade will be invalid.
I have been waiting for this to get down to resistance and reverse. Waiting for it to break the middle resistance 1.42522 before I go long. RSI MACD both signaling upwards. A few leading indicators for EUR economy is coming out today, might be worth waiting for those before going in. The only thing I don't like is going long on a trend that is generally short...
Looking to long EUR/AUD at 1.4350 with a stop at 1.4275 with a 75 pips risk Target is 3:1 (Make 225 pips with a 75 pips risk) around 1.4575 or higher, we will update the trade as soon as its triggered. If you have any questions, support@forextrainingmentor.com Follow us to receive all our alerts !
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Two wonderfully slope trendline pointing downwards. Three touches on the top and two on the downside. It took more than 3 weeks to develop this reversal pattern. About half of the formation act as consolidations of the prevailing trend. A breakout to upwards is eminent and of course, can buy after after the breakout.
We have a new lower low and the strong support is broken and is now strong resistance. I will be looking for bearish evidence in that area to follow the trend and go short! Like if you agree, support and follow please!
PRICE TOUCHED FOR THE 3RD TIME THE 1.48840 LEVEL. IF PRICE FALLS, ENTER TRADE AT 1.48748. STOP LOSS SHOULD BE ABOVE 1.48940. PROFIT TARGET IS 1.47119. WAIT FOR THE BREAKOUT FROM THE TREND LINE.
EURAUD - Broken Trendline - 3 Take Profit Targets