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Here we can see GN is hovering around this level of support where we can clearly see price rejects off it. We should see a bit more movement down to this support and the we can look to get into a buy position and hold this trade out.
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Here we have a. lovely area of structure that you can clearly see whenever price pushes down into it it reject's it like trump was rejected from the office.
If we see price back into this area we'll look to get into a buying position.
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We have a lovely little structure here that we seem to be respecting. Also, we have broken out of this bullish trend we had running. If we get a little pull back up next week we'll be looking at getting in a nice sell position something similar to what I...
Here we can see a nice break of the bullish trend and price has found support here. adding in a fib we can see if we get the drawback we expect we'll have 3 confluences to get into a short term sell position. 50% fib, structure just above this fib level and a retest of the bullish trend.
let's be patient and see how we get on
As you can see from the chart we have taken a nice buy position on this pair. We have the bearish trend which has been respected for some time now on the higher timeframes. This broke out and it was a matter of time before we saw some action to get involved in the next trade. We can see on the lower 1hr timeframe we have created a nice little bullish trend which...
EURAUD didn't quite reach our previous buy limit annoyingly as it has flown since our last analysis! but that's forex so don't just trade because you've missed out be patient. We can now see a slight retracement on the pair allowing us to get into a short term buy. A little lower than the 50% fib we can see a nice support level that we can use as our next level of...
Here we can see EURAUD is slowly coming down to this next level of support where we can look to place a buy order and let the market do it's thing. We'll probably look to set this and let it react overnight and see some movement in the morning.
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Here we can see a level little 4hr structure area where price has previously reacted.
If we add in this 4hr bearish trend we cams ee this previously broke out and we are now looking to test this level along with the 4hr structure.
Good opportunity to join this long trade.
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