I've monitoring this particular pair for a while now and it seems to me that a price target around the 0.81000 Region is infact expected and also a thrust to the 0.83000 Zone also wouldn't suprise me! I am however anticipating a sharp reversal around those key levels.
I have been paying attention to this pair for some time now and it has proved to be a very lucrative trade. I think currently this particular pair is beginning a strong bearish setup. I also think that one should consider this setup, or atleast pay attention to price action. Feel free to comment and share ideas!
I simply think that, if one has missed out on the beautiful price action prior to this setup, this is extremely worth considering. As price action bounced of key level support I think that it would take out prior high and fluctuate around 1.8650. Very effective method if applied properly. Open to any constructive criticism, please feel free to indulge in this matter.
Hey guy's my analysis of head and shoulders. Fairly new so this may seem a bit choppy however feel free to contribute as I am always eager to learn. By the way probably not exactly 854 pips however a figure very close to that. Just thought I would mention. Feel free to comment!
Simply familiarising myself with bearish/bullish indicators. Kinda new to this! For you guys that are also new and might want to see how another forex novice analysing charts.
Very new to forex trading, simply trying to formulate a trading system and going over some of my techicals I thought I would share it with some of the newbies out there such as myself. Seems like an assured trade setup. Also a very strong sell signal depending on the individuals attitutde to risk and available capital it would be a very lucrative trend ride.
This is just me running through and verifying my trading system. Checking out Double Bottom's on any given pair,stock or comodotity. I just happen to stumble upon the dollar aussie. This and the Euro Yen are my favourite pair by the way guys.