Description: As Shown above we have 
EURAUD. This Pair is currently Bearish.
Monthly:
2009: Price was bearish and Broke Major Support (1.59) in 2010. Price became Bullish to test new found resistance (1.59) but was unable to break this level.
RSI: Bearish Territory
EMA: 200 Acting as magnetic resistance (1.59) level.
50: Price has recently broken this EMA acting as Magnetic Support.
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Weekly:
Resistance was tested (2014,2015,2016) All times unsuccessful in breaking this level with Aggressive rejection making price bearish.
FIB: 0.5 Retracement. 0.382 Broken
2015: Lower lows and Lower highs Forming till present (See Chart + Arrows)
Lower Trend Line (2012- Present) recently Broken, making price potentially Bearish
EMA:
(2015) 200 acting as magnetic support 2015 - present but bears have recently pushed price below 200 making price potentially bearish
All other EMA Currently above price (Bearish)
RSI:
Bearish Territory
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Daily
EMA:
200 Acting as Magnetic Resistance. Signalling bearish. (September 2016)
all other EMA above price (Bearish)
Duration of Trade: Long Term
Decision: I have decided on Evidence above to be Bearish on this Pair. I believe the future of this pair can be Bearish potentially for years to come due to common bearish Signals.
I will Be applying a
sell stop: 1.4323
SL: 1.4522
TP1: 1.4078
TP2: 1.3929
Thank you for viewing my idea. If you decide to take this trade,please leave a comment and a thumbs up. I will be happy to stay in touch to see how the setup is planning out.
Your also welcome to post your analysis below.
Remember to always trade your strategy
Happy Trading.
EURAUD. This Pair is currently Bearish.Monthly:
2009: Price was bearish and Broke Major Support (1.59) in 2010. Price became Bullish to test new found resistance (1.59) but was unable to break this level.
RSI: Bearish Territory
EMA: 200 Acting as magnetic resistance (1.59) level.
50: Price has recently broken this EMA acting as Magnetic Support.
---
Weekly:
Resistance was tested (2014,2015,2016) All times unsuccessful in breaking this level with Aggressive rejection making price bearish.
FIB: 0.5 Retracement. 0.382 Broken
2015: Lower lows and Lower highs Forming till present (See Chart + Arrows)
Lower Trend Line (2012- Present) recently Broken, making price potentially Bearish
EMA:
(2015) 200 acting as magnetic support 2015 - present but bears have recently pushed price below 200 making price potentially bearish
All other EMA Currently above price (Bearish)
RSI:
Bearish Territory
-----
Daily
EMA:
200 Acting as Magnetic Resistance. Signalling bearish. (September 2016)
all other EMA above price (Bearish)
Duration of Trade: Long Term
Decision: I have decided on Evidence above to be Bearish on this Pair. I believe the future of this pair can be Bearish potentially for years to come due to common bearish Signals.
I will Be applying a
sell stop: 1.4323
SL: 1.4522
TP1: 1.4078
TP2: 1.3929
Thank you for viewing my idea. If you decide to take this trade,please leave a comment and a thumbs up. I will be happy to stay in touch to see how the setup is planning out.
Your also welcome to post your analysis below.
Remember to always trade your strategy
Happy Trading.
Note
broken support. 1st TP in progress
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.