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EURAUD has hit a crucial price testing point of (1.61454) we have seen rejection at this price two times before. Multiple rejections at a price point indicate a reversal. if we start to see a bullish takeover we will look to take a long position. If we see price rejection and a bearish presence then we will look to take a short position. Could potentially see some ...
Looking to take a long position as it bounces off the pivot point.
Hit major support at (230.50) Will buy and hold and hope to see bulls take the price to (606) which was a major resistance back at 06 May 2018
Bears pushed price through (1205.911) should see them push the price to (1127.265) Adjusting SL along the way TP is at (1127.265)
Bulls cannot drive the price past (1064.360) bears have taken over and are driving price down towards a previous test of (962.013) will hold my position TP is at (962.013) but will adjust SL along the way.
Broke through support.
AUDUSD just broke down the monthly trend line hoping to hold this position for as long as possible adjusting SL as we go no TP in sight.
Bulls are taking control and are pushing the price through the support at (0.95899) hoping to see us test another support at (0.92916)
Bulls are pushing price through the support of (0.95921) should see us reach (0.93527)
Passing support zone looking to end up at a previous support.
Bouncing off the new support which was a previous resistance.
short position on 4H at (0.68375) position will hit a previous resistance tested (0.67754) . Hoping to buy long position 1D at (0.67754) and then a break out past the trend line. Tested multiple supports on weekly chart at the price of (0.68780), (0.68606), (0.68152) and (0.67754)
could see it retest 1.79183 however i believe it will retrace at least 50% up to price of 1.80750
I think that is a solid analysis I would like other peoples opinions on the matter as I am relatively new to trading.