AUDCAD Broken trend line with harmonic pattern.
A short term analysis based on patterns. GL.
The short term target will be 1.6020. Later on, there can be several corrective waves which I don't care much. Then fall back. Idea by Make money from home GL
Long term EURAUD analysis. Support and resistance zones are marked in lime green. The analysis can be changed based on the price action.
Wait till the support breaks well and then enter SELL. GL TP= 0.8840
Need to break the first resistance level.
This is based on EW and Fib support and resistance.
But WAIT till 2 daily candles to close below 1.1700 to confirm this long term pattern. GL
Guys I hope my chart is very clear. No need any other explanation. Sell around green line. TP around red line. Buy around red line. TP around green line. If price breaks and holds above green line you can buy. If price breaks below red line and holds you can sell. GL. Important: If you like my chart please give it a LIKE. I will not cost you to add a like. If...
This analysis based on EW. Good luck.
Wait till two daily candles to close. If the second closed above 1.1700, you are in bull trend, this analysis will be invalid. In that case this will run to 1.21xx area before fall to 1.14xx area. If not this will fall to 1.14xx area in long term. GL.
EURUSD in sell position if it breaks 1.15xx area.