AJ is approaching a strong resistance are at the 95.579 area it might be an area to look for a reversal pattern might go back to retest the 93.435 area which is a 78% major month area if it breaks the 95.579 area can we possibly see a bull run to the 101.855 area which is a month resistance area
a lot of aud news for this pair this week I'm pretty neutral on it its news start hitting this its in a month fib level I'm just going to see how it reacts when it hits the fib levels
happy trading trading everyone hope its a successful week for all....there is alot of news on this pair this week just waiting to see how news affects it.
happy trading everyone EG is currently ranging between the month 38% fib level and the month 50/61% fib level also an week support level just waiting for price to show a sign to go long or short.
happy trading everyone!!! EA ended the month above the 78% week fib level i think we are still in a bear market but can possible see a retracement back to the 1.51291 area which is a month resistance area or to the 1.5232 area which is a month 38% fib level the month 50% level is 1.53490 area.. I'm just waiting to see how deep of a retracement it does to look...
Happy trading everyone!!! AJ ended the month under the major month structure 78% fib level...i still think we are in a bullish market but I think we might see the bears bring the price down to 88.600 area which is a week 38% fib area or the 87.000 area which is the week and month 50% fib area sometime this month... I would like buys in this area if it can not...
EA is starting show a possible fib retracement on the month time frame after been in a steady down trend the past few months looking to see how price will react once it test the 1.49675 area which is a week high area could possible see a run to 1.52232 area which could be a possible month 38 fib level if holds.. short idea if the 1.49675 area resistance holds is...
just waiting to see how it reacts for a long or short... to go long needs to break 93.863 area aka week high to test 94.661 area month high major structure... to go short if it does not break 93.863 it might go down to test 93.080 area or even down to 92.665 area maybe even down 92.400 area which could be a swing move but it is a 50% fib level on day major...