interesting pair after almost 2 weeks of shorting we might have opportunities for a potential long position if price can break through the 4h minor trend line and resistance structure and can possibly finally shoot up to 0.66400 to retest that broken daily trend line before it makes its way down again. remember wait for the break outs see what the price wants to...
if the bulls can push and break around 1.6642 area it has already broke the triangle and 4h retesting the structure itll be a major long position for EURAUD lets secure this bag with patience
we are currently in a down trend but looks like a could be a reversal a perfect time to "catch" the market at daily low . remember we need to catch the outbreak to get those gains and remember we're in a bearish trend since august of last year so be careful entering a long positions i'd wait until i see a larger break at the major trend line for long positions...
INTERESTING TRADE ILL BE WATCHING THIS PAIR UNTIL I CAN CONFIRM THAT ITLL BE SHORT OR LONG ITS FILLED WITH MIXED EMOTIONS IF IT CAN BREAK THE RESPECTED BULL TREND LINE AND THAT STRONG LEVEL OF SUPPORT ITLL DROP HARD IF IT BREAKS THE RESISTANCE ZONE IT CAN CONTINUE UP TO THE HIGHEST HIGH LEVEL OF THIS PAIR(MARKED IN BLACK HORIZONTAL LINE)
MAJOR CANDLE REJCECTION FROM FROM PREVIOUS SUPPORT IF CANDLES CLOSES WITH A BIG STRONG BEAR MOVEMENT THIS COULD BE GREAT ENTRY FOR SHORT POSITION
BREACHED PREVIOUS RESISITANCE STRUCTURE WILL SEE RETRACEMENT AND A LONG POSITION ONCE CANDLE CLOSES
see alot of candle rejection from resistance level and a double top BAC can potentially drop to 23.80 ish where support level is near and shoot back up on the up trend
DOJI HITS RESISTANCE DOUBLE TOP CANDLE REJECTION PRICE OVER BOUGHT
gbpusd short candle rejection from major support + double top over bought
keeping it simple bullish trend candle rejection on resistance strong bearish trend breaking trend lines stoch indicates over bought
candle rejection on resistance followed by bearish trend and breaking trend line stoch indicates over bought SHORT