Price has reacted to the support trendline, RIS is overbought and the possibles targets are fibonacci level and next resistance levels...
FX:EURAUD Safe Trades;
EURAUD - Here is an idea to go long on this pair on the daily timeframe. This pair has formed a Higher Low (HL) and has broken resistance zone at 1.487. You can also see that that zone is the neckline of an inverse head and shoulders pattern. Another reason supporting a buy trade. MACD histogram is above zero line and supporting a bullish trend although the...
EURAUD - Broken Trendline - 3 Take Profit Targets
PRICE WILL HIP THE 1.48685 SUPPORT LEVEL. PRICE SHOULD BOUNCE BACK TO 1.4964 LEVEL. ENTER TRADE AT 1.48685. STOP LOSS JUST BELOW 1.48138. LIMIT IS 1.49464. STOCHASTIC/RSI IS BELOW 20.
after testing the support on 1.4582 twice the price pull back and we are looking now to see the price on 1.48202 resistance area and looking for a caution there then for the next resistance after the break up
Don't think it has broken out of structure move up to D?
It's simple: Buy at breakout. Price expected to rise to 1.485
TP & SL are shown on the chart as the green ray and red ray respectively
Hi Guys,the EURAUD dailly chart makes a beariesh pinbar at strong resistance.its go to also some retracement . I already taken a sell entry from this level.My target 1.4620. I am new in this website.i have a facebook page there i share my dailly chart anlysis.you can also visit my page for check my previous performance.my page link-- www.facebook.com thanks everybody
Well, strong up trend has been continuing for some time met with some overbuying resulting some downtrend lately. This weeks inverted hammer candle shows a bullish reversal along with the 1.480 level of resistance shows bullish jumps with past price analysis shown with the green rectangle. Price has touched the 20 EMA (red) line and is just below the 50 EMA too (blue)