Dear Community, today we are presenting you a more aggressive Ichimoku Kinko Hyo Approach - combined with simple price action and support levels. A Picture is Wort A Thousand Words In this case the picture is the chart and by looking at it it becomes fairly clear what the idea behind this long trade is. The support level at ~1.4480/80 stands strong and sends...
EURAUD is forming a channel and also the two supports are lying just under it, what i suggest is to take a long position from BLUE area
We might break the trendline from the looks of it. IF we do, wait for a minor pullback and the buy.
EURAUD may make little short for get long.. breakout of the trend line will confirm.. BUT watch for rising trendline not to brake..
EURAUD possible cpyher pattern
As expected bounced from 1.45.... looks to be good buy setup and can look for 200 pips plus...
EURAUD Looking to enter long position on five minute chart after price retest the 1.46100 area. Entry @ 1.46100 Initial Stop @ 1.44626 (Trailing at 10 pip intervals) Target @ 1.48920 (Once it hits this level stop will be moved to previous or current candles low) As always feedback, comments and criticism always welcome
I will go long if the price bounces of the red trendline. If the price goes up I will watch the 4H candles at the purple/bearish trendline. If it goes through and closes on the long side I will see of it goes up and tests the next red/bullish trendline.
if we see this candle close above the previous lowest close I feel we could see a move upwards If we get an impulse leg and structure broken we could see a potential 2618 set up
Long EURAUD in 1H chart TP 1.52932 SL1.51851 Profit/loss= 3 An suitable trade Just try it myself
EURAUD long setup after pattern completed.