EURAUDThe drawdown is approx 300 PIPS, which are going to over @ 1.39920 - We will take a long position at this level and take profit at 1.42710
Euraudbuy
EURAUD short termwe have multiple resistance's, one even dating back from August 3rd 2016. On the daily price is being squeezed. Price has failed at this resistance trend line multiple times and doesn't look like it has the strength to break it now, however if price breaks above the trade will be invalid.
EURAUD Is reversing I have been waiting for this to get down to resistance and reverse. Waiting for it to break the middle resistance 1.42522 before I go long. RSI MACD both signaling upwards. A few leading indicators for EUR economy is coming out today, might be worth waiting for those before going in. The only thing I don't like is going long on a trend that is generally short (EURAUD have been trending down the past year). So be aware of that.
short EURAUD @ 30 min. @ trading capability this 52nd week `16This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
short EURAUD @ 60 min @ trading capability for this 51st week`16This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
Euraud buy advice on Change Trend on Daily TFEuraud Change its trend on daily chart down to up and weekly pivot point around 1.4250. if hold above 1.4250 we can see price toward 1.45-1.46
Advice to buy in range of 1.4335-1.4250 SL below 1.42 TP 1.45
Long setup on EURAUD after testing the support on 1.4582 twice the price pull back and we are looking now to see the price on 1.48202 resistance area and looking for a caution there then for the next resistance after the break up
EUR vs AUDWe might break the trendline from the looks of it.
IF we do, wait for a minor pullback and the buy.
Possible Doubel Bottom / 2618 if we see this candle close above the previous lowest close I feel we could see a move upwards
If we get an impulse leg and structure broken we could see a potential 2618 set up
