EURAUD for the moments aheadDescending channel.
Price was correcting , making a lower high, until momentum kicked in, breaking through previous structure lows and the 'bear flag'.
It should respect the higher timeframe's channel, since it has been doing it for the past several days. So, odds are on our side.
We should then expect a reversal, only confirmed by price breaking previous structure highs.
Market structure, baby!
Nakedchartanalysis
LETS GO LONG ON EURGBPNAKED ANALYSIS ! ! !
It's a risky trade so use 1/2 risk but the risk to reward is very good.
The market is in a critical area where it bounces up a lot of times in the past.
Also it's in Fibonacci 61,8 % retracement.
*If it breaks the top target extend the target!
HAVE FUN & HAPPY PROFITS :) ! ! !
EURUSD POTENTIAL SELLING PRESSURE ZONE!.My Idea On EURUSD .
EURUSD potential collapse since the price has been showing sign of weakness/divergence on WK1 TF.
If Price fail to close ABOVE 1.21500 it will likely to go lower.
Trading foreign exchange carries a high level of risk.
All predictions are strictly speculative and for educational purposes only therefore Use effective risk management.
However trading is complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results.Trading foreign exchange carries a high level of risk.
All predictions are strictly speculative and for educational purposes only therefore Use effective risk management.
However trading is complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results.
Trade At Your Own Risk.
Note:This Is Market Overview Not A Trade-Call
Happy Trading Pals.
NAKED INTRADAY ANALYSISWe are going to short EURGBP.
CONFIRMATIONS:
1) Correcting for a month in a downtrend move.
2) Touches trendline
3) Price action (indecision candlestick)
4) It struggles to break the critical area (0.9100)
ENTRY: (0.9100)
STOP LOSS: (0.9120 - 20 pips)
TP1: (0.9080 - 20 pips) 1:1
TP2: (0.9060 - 40 pips) 1:2
TP3:(0.9040 - 60 pips) 1:3
HAVE FUN & HAPPY PROFITS ! ! !
Indicators Suck. Keep it simple stupidWe swear banks brought out all the rubbish on the internet to confuse people So they lose money.
Keeping it simple is so much easier and profitable. Just get good a drawing naked charts.
There's a short coming up at the key level. We will watch for price action and update clients.