Trendline has been broken in downside , Now i can expect a drop in dowside, making BearFlag continuation pattern also. Let see how market prforme. Best of luck.
Longs to ceiling look prime for entry. +124 pips to the top ceiling of the current range higher.
EURAUD is approaching a weekly trendline where it will either bounce or break through. Personally, looking at price action, I believe price will break through and fall to around 1.5800 before retracing back up to retest the trendline as resistance at around 1.6000. However if price bounces we could see it coming back up to the liquidation zone at around...
The area of the entry and the targets as described on the chart
We can see a clean break of the ascending channel formation and i expect further downside for this pair.
We have rejected this area on at least 8 times over the last couple of months. Looking at 1.45875 as a target begin my weekly key level. Will be watching the 618 retracement area as a previous strong area of rejection.
HOPEFULLY THIS HELPS YOU GUYS! REMEMBER TO HIT THAT LIKE BUTTON! GIVE US A FOLLOW AND ASK ANY QUESTIONS IF NEEDED! THANKS TOM
FX:EURAUD 1. Double top 2. broken neck 3. found support at 1.5353$ 4. 61.8% retracement / that completes a 2618 setup / double top followed by a 61.8% retracement 5. Eventual wave 4 of 5 of a corrective move 6. Wave 5 ends with a cypher pattern at daily support 7. Wave 3 of 5 of an impulse with the default ratios / wave 3 = 161% ext of wave 1 8. ascending wedge,...
EURAUD 1.6135 bullish – Bullish triangle breakout points higher EURAUD rallied through a 5-week triangle (from August 24, 2015 peak) to confirm a bullish triangle breakout pattern and trigger further gains towards 1.6283 (August 25, 2015 high) ahead of the 1.6584 spike high (Aguust 24, 2015) near term. 1.5901 (September 24, 2015 low) provides immediate support....
With a Cypher pattern invalidated by point C racios, the expectation is the same, a movement downward at least to test the support trend line (at red), and eventually, IF it break, a continuation of the downtrend with a few support zones along the way to break, and THEN, eventually the "conclusion" of this "Failed" pattern and a Long opportunity may arise around...
Buy EUR/AUD I closed yesetrday's short and bought as it seems that big names is defending Euros due to market uncertainty.