On the H4 chart the trend started on Aug. 06 (linear regression channel). There is a high probability of profit taking. Possible take profit level is 1.6323 Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, WeBelievelnTrading
I think we can enter for buy after completion of pull back
As a technical analyst, just learning my fundamentals though😂, I think Eur/Aud is about to down with the head and shoulders pattern showing up, couple with the fact that its first movement for this week is a buy which think is a retracement before the real move downward. My first post, I wouldn't mind for your comments and likes 😉.
Took a little longer for price to reach the QML but that comes with the territory. I am that good, the game has taught me the game
EURUSD is playing on a key level forming a double bottom
EURAUD 4h analyse for the next 6moves We expect a long position after we get the confirmation from the next retests and also we can take a few positions taking this analysis
EURAUD just hit it's trendline support, MEANING a bounce back is EXPECTED Up to TP1 1.61200 - TP2 1.61900 - TP3 1.62600 WITH A STOP LOSS OF 1.59950 Let's wait and watch as it moves Note past results don't give assurance to other trades
EURAUD H4 - SHORT Breakdown off a major ascending trendline and now retesting the breakdown zone. We could potentially look for SELLING opportunities on the lower time frame to catch a move towards 1.55700 support area (Immediate swing low).
EURAUD has given a retracement on 4H after a strong market structure break to the up-side. Aggressively, suitable entry is at CMP. however, do note a potential draw own to the 4H bullish order lock below price. Conservatively, Enter a Buy on the OB of 1.6340 , SL at 1.6299 or 5Pips below SAID LEVEL.
Here is the key factor to keep in mind today for Euro trades: German ZEW Survey and Eurozone ZEW Survey: The German ZEW Survey Current Situation Index for September is predicted at -15.0 and the German ZEW Survey Economic Expectations Index at -38.0. Forex traders can compare this to the German ZEW Survey Current Situation Index for August which was reported at...
EURAUD has broken the 4h trendline and ALso bounced 3rd time from Daily Timeframe Trendline, Is it likely to go long????
Took and given this trade in our premium channel and Going well but we closed before market closure and might enter again next week on retracements.
This is a potential trade that has a greater probability of price NOT working out. However with this being said, IF the price was to come down this quick we could have a good potential long trade with a thin area of support on this XTP-2 Pattern.
EURAUD is bullish on H1, H4, Daily, and Monthly charts. We have a bullish butterfly formation but remember to look into the fundamentals for better decision on your entry choice. Fundamentals to consider on EURO include; Services PMI and Composite PMI for Eurozone, Italy, France and Germany. Also Eurozone Retail Sales. Fundamentals to consider on AUD include:...
I have gone long in EURAUD my entries were 1.414 tp 1.435 sl 1.4075 I am hoping it would reach the next fibs level 0.236(1.43567) in the next couple of days.