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Audshort

$EURAUD BULLISH. Target 1.5995. EURAUD made a higher low and formed a double bottom pattern and fixed above the resistance of the pattern before market close, indicating a continuation of buying pressure for the week ahead. I entered when I saw a reversal happening at the 1.56 support zone and our position is +17% in profit so far. In addition, the market is finally above the ichimoku cloud and as you can see from the chart, it had been getting rejected by Senkou A (the top boundary of the cloud), multiple times and when it had broken out from it at the start of December, it was followed by a +1% increase. We had been oversold in this market and there was a bullish divergence forming on RSI and momentum, all to support the bullish argument for the pair. I will hold the position with a trailing stop until the target is reached. Follow me for more trade ideas and market analyses. Best, Umit *This is not investment advice.
Long
by UmitAbdulkasim
6
AUDCAD pair is looking obvious for trend reverseWe are looking audcad for trend reverse pattern BUT we need more proofs then only picture. We are giving you away possible options. Trend description Trend way hasn't reverse yet. Price is at first testing perioud. The question is: Are we going to continue sell? If price will follow one of breaking options, your job as Elite trader is to focus at breaking spots and momentum story. 1. Option Buyers are going to test lower low straight away 2. Option, might happen with strong volume from sellers side - use our Elite indicator tool and follow momentum story 3. Option - Buyers might push price even higher. If this is going to happen, do not trade this until first resistance level is broken and retraced. Trending: Possible sell reverse. Still at decision zone. If trend will reverse, then price could go much lower then you could imagine. Thank you for following us Don't miss our every day analysis. Also do not miss AUDJPY D1 analysis from yesterday * Elitefxacademy
Short
by EliteFxAcademy