jamesnoe

jamesnoe Updated 

As you can see on the 4 hour time frame, we have identified a descending channel with multiple touches to the 4h trend line. Using the Fib there is a rejection of the 78.6% coming together. Should this bearish closure occur we can look to short toward the -27 fib extension for roughly 80 pips. The Risk Reward here is inline with our risk management. Good Luck &...

jamesnoe Updated 

I have taken the time to analyze EurAud on the daily time frame. It appears we have a very nice Inverse Head and Shoulders Pattern. Drawing the Fib From Low to High, we can see the right shoulder aligns perfectly with the 61.8% Fib Level. From here I believe we may have an upside target of the 1.63500 region, for nearly 500 pips. Ultimately the stop loss would be...

jamesnoe Updated 

I believe we are currently awaiting a nice pullback into the supply zone which also aligns perfectly with our 61.8 % Fib level. Should these levels hold I will be looking to go short, and likely holding until our demand zone is met. Roughly 0.9800 would be our target for just over 200+ pips.