EUR/AUD, the monthly candle is extremely bearish after failing to break yearly high's, Breaking the trend line will open up many possibilities and even dropping back to 1.59. Since the 20th of August we have been in a bull trend, Three attempts at 163.550 and all failed.
EURAUD M30 chart There are two bowl formations on the M30 graphic, large and small First target is 1.54xx Second target is 1.55xx ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** I'm sorry for the impaired expression..Just watch the chart, not what I write. :) PS make sure you give me a like, If you...
See chart for details, break of trend lines should be used for safer entry. Retracement to 61,8 is support level as well as the fib level - expecting a long from there. TP and SL on chart.
EUR AUD SHORT! Just finished a 5 wave elliot which will need an ABC correction. We have also formed a head and shoulders. This should go down to the .618 of the fib which is also where the gap needs to be filled. Ideas always welcome.
Currently in corrective structure.. waiting for drop
Rejected by the thick red line (monthly structure), below MAs which play a role of resistance, Fib level
Trendline has broken and retested. Big volume in the bearish candles. The market also cross and close below EMAs. Sell according to the plan. Kind Regards, Michail Sideris
From a long term daily perspective I see it has been in a downtrend. It has retraced up to a level (1.444) it may reverse at or go up a bit (1.4500) more then finally head down to around the 1.42000 area.
AUDEUR-Correction and than towards the upper side Trade at S/R Levels and Wave zones
An excellent R2R trade on a massive triangle breakout. Price had just closed above the Nov 2015 high. Enter long market, stops below previous week's low. Target 0.7650. Turbulence expected at 2015's high of 0.7308 - active management at this level is required.
AUDEUR Trading the S/R Levels and Zones Short term Correction rebound to resist zone and then retreats towards the downside support zones Trading Rules: All S/R Zones has power to reverse the trade, but once broken with a closing candle Support zone will become Resist zone, and Resist zone will become Support zone. Only trade when levels in zones are touch...
AUDEUR Trading the S/R Levels and Zones Short term Correction rebound to resist zone and then retreats towards the downside support zones Trading Rules: All S/R Zones has power to reverse the trade, but once broken with a closing candle Support zone will become Resist zone, and Resist zone will become Support zone. Only trade when levels in zones are touch...
PRZ in support zone. TBar printed. Price on a trendline support. Price reaction confirmed. RSI oversold and retraced. RSI/Price divergence. Excellent reward/risk. Enter long market.
On May 9, MacroView issued a short idea on AUDUSD and highlighted the strong correlations with copper and gold, which we would see the trifecta fall 2.93 percent, 4.90 percent and 6.68 percent respectively. We've seen all three etch out bottoms in early June, yet copper is retesting those lows on unexpected increases in inventories. The AUDUSD went big following...