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Euradushort

#EURCAD it's possible to buy#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 1.32433 Next Zone area & horizontal swing Low support 1st Resistance 1.36020 Zone area & horizontal swing high resistance
Long
by Skandhatrade
EURAUD Setting up for a nice selling opportunity ?Hi Guys ! On the technical side, the EURAUD is setting up for a nice reversal to the downside. Based on that keep your eyes on 5min-15h timeframe for your sell setups. Try to catch your trade as high as it possible. There is huge profit to be made (if this pair follows the script) and the trade has a nice reward – risk ratio. Any strong break to the upside will invalidate the setup. The Risk: As trader, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with this trade and your stop loss is to big for your trading account simply just skip it and wait for another one . For analysing the chart and predicting the upcoming wave I use upgraded version of Wave Analysis. This strategy is easy to understand and it is totally without fundamentals ( Don't read the fundamentals it will confuse you). However if you don't over risk and follow the plan than there is noting to lose in this online business. Trade with care ! Thanks for your support
Short
by kristijanslatinsek
4
EURAUD Testing Resistance, Potential Reversal!EURAUD is testing its resistance at 1.5818 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) price could potentially react off, causing price to fall to its support at 1.5672 (38.2% Fibonacci retracement, horizontal swing low support). We do have to be cautious of the intermediate support at 1.5748 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching resistance at 96% where a corresponding reversal could occur.
Short
by ICmarkets