VAST RESOURCES PLC ORD 0.1P, LLOYDS BANKING GROUP PLC ORD 10P, PHOTONSTAR LED GROUP PLC ORD 0.01P, HERENCIA RESOURCES PLC ORD 0.01P, HSBC HOLDINGS PLC ORD $0.50 (UK REG), UNION JACK OIL PLC ORD 0.025P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
The head and shoulder in EURUSD is now completed and potentially the pair could be in much lower level by year end ahead of Fed interest rate decision. There are several other price action indicators that suggest EURUSD could go lower and we think it this trade present a good risk and reward opportunity.
In this chart we want to focus on trading harmonic patterns and how to trade potential opportunities. Our #Forex signal today is EURAUD Buy Limit @ 1.43241 Stop @ 1.40926 and Target @1.45869. Also on the reverse strategy there is a signal to short EURAUD Sell Limit @ 1.45900 Stop @ 1.46906 and Target @ 1.43300.
The ABCD pattern on #EURUSD 4 hour chart is now completed and we expect the pair to correct to 50% Fib level. 1.1100 area in #EURUSD has been a very strong support and resistant level in the past couple of months and there is good chance to bounce to this level again in a medium term. In terms of risk and reward ratio this trade will give you a better than one to...