Long term view EURUSD
In the monthly timeframe downtrend line is broken. And in the weekly timeframe 1.1610 acted as a valley and supporting area and price is forming a new uptrend. In D1 after we reached 1.2170 price started going down maybe to reach 23% Fibonacci retracement.
In the H4 after forming a top @1.2173 and after that a shooting star with a high...
Good Morning Traders,
EUR/AUD short term upside trade! I will be buying this pair to the swing high as the pair is still in a bigger correction with potential for a big move to the downside. My target is 1.49042, and I have quite a conservative stop at 1.48087
Good luck and trade with discipline and effective risk management!
Spirax-Sarco Engineering was upgraded this morning and traded positively throughout the day. The shares are outperforming the UKX100 over the past 3 months and look set to push on towards new highs.
Buy on the open tomorrow morning with a stop loss at 4490p
Target is 5300p over the short to medium term.