Price now at major weekly Support. Here we can have consolidation for next movement . Breaking this support will be disaster holding this one we will have major Rally in Price . let's Wait for Weekly candle to form
Wait for daily close else get rekt with your gambling.
feel free to comment your toughts below
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.6415). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURAUD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Hi, We have a great breakout from the tiny consolidation area and bounce from the strong area. Wait for a pullback and you should get a nice trading opportunity. Do your own research and if this matching with mine then you are ready to go! Please, take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Best regards, Vaido
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.5952). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURAUD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Approached the resistance From the level usually begins the trend down
Hello traders, i am expecting euro to gain strength from that purple box. Also EUR/USD drops to test last week lows near 1.1200. Its a good entry point to buy for both pairs. Hoping another good week of trading. Control your emotions, and always use the correct risk management. bless !
- Broke the trend line, currently retesting it. - Price is projected to drop between the 61.8 or 68.2 zone before moving another leg up. - Overall Trend is still bullish - The 61.8 and 68.2 both have the 200 sma waiting to be touched in the 1 hour and 4 hour charts respectively.
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend. Technical analysis: A peak is formed in daily chart at 1.6780 on 01/03/2019, so more losses to support(s) 1.5670, 1.5530, 1.5345 and more depths is expected. Price is below WEMA21, if price rises more, this line can act as dynamic...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend. Technical analysis: A peak is formed in daily chart at 1.6780 on 01/03/2019, so more losses to support(s) 1.5670, 1.5530, 1.5345 and more depths is expected. Price is below WEMA21, if price rises more, this line can act as dynamic...
Midterm forecast: While the price is below the resistance 1.6190, resumption of downtrend is expected. We make sure when the support at 1.5275 breaks. If the resistance at 1.6190 is broken, the short-term forecast -resumption of downtrend- will be invalid. Trading suggestion: There is a possibility of temporary retracement to suggested resistance zone (1.5825...
Midterm forecast: While the price is below the resistance 1.6190, resumption of downtrend is expected. We make sure when the support at 1.5275 breaks. If the resistance at 1.6190 is broken, the short-term forecast -resumption of downtrend- will be invalid. Trading suggestion: There is a possibility of temporary retracement to suggested resistance zone (1.5825...