I am expecting euraud to Drop from this upward channel or wedge Reasons To Short: Probably a REversal In Trend Point Triple Top Nearly Straight Line Upward Resistance High Bearish Volume As Seen Clearly Lower Boundry Breakout Upcoming News Likes To Be Supporting The Trade 1 By 5 Risk To Reward Ratio Trade
EURAUD, another nice setup for Short coming from the shoulder portion of the chart when it formed. Get ready for a short position when the bearish engulfing candlestick formed red Arrow sign.
Euraud broke the 4hour trand line and just retesting and on its way down
gartley pattern will completed possibly 1.57-1.60. after then it will activate short setup
After bouncing off the Fibo level, I think, that we could get down move. Even it looks like we could go much lower I'll be looking to take profits as shown and than wait if there will be good opportunity to get a bigger one. Also be careful with this thing, because when I see those long legs some of these candlesticks have... I mean this pair can be really...
Bounce lower from 61.80% Fibonacci level with bearish engulfing candle as well.
We have had our Double top and impulse leg down if we see a retracement to the 618 I feel that pervious support could act as ressitance and see a move to the downside
FX:EURAUD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD Safe Trades;
We have had our impulse leg x to a form. Waiting on the B to c leg, the reason for this is where price currently is, it has acted as previous support which could turn resistance. We have had a Bearish cypher complete on the 60 min time frame whcih is in Purple, currently looking for the 382 and 618 targets from that pattern, if the trend continues this could see...
TRENDLINE BREAK AND POSSIBLE RETEST ON THE RIGHT SHOULDER AND FIB LEVEL
Fundamentals:- The Euro is still one of the weakest currencies out there at the moment and with further stimulus likely in March from the ECB we should see further downside. The AUD has been showing some strength in the economy but still has some mixed data. It is the technical picture that makes this trade more attractive at the moment. Technicals:- As you can...
Hello everyone. This is my view for EURAUD, in case anyone is interested. Good luck!!
Nice room to keep shorting EA until trendline hit