- Downtrend - Textbook Bearish Pennant formation in 4h charts
- Uptrend - Bullish "flag/triangle" - Strong friday close Entry: Buy-stop above friday high at 0.887 Stop: 0.883 Takeprofit: 0.90 I hope it doesn't gap over my entry...
Bullish signals to go long - Pullback to 50ema - Strong support at 1.71 - Lowtest doji - Price is slowing - Uptrend Entry: Buy-limit at 1.71 Stop: 1.70, below the lowtest doji. (100pips) Exit: Takeprofit at 1.77 area (Nice 1:6 RR)
Buy EURAUD Reasons to buy: - Support-zone at 1.44/1.45 - Double-bottom forming - Lowtest-Doji - Bullish macd-divergence Exit points: 1.48 1.51
If the price breaks 130.00 and trendline, then wait for the pullback back to 130.00
Selling opportunity - HnS-pattern - 200ema right at the 1.55 (right shoulder) - round number 1.55 which has been ok S/R-level in the past. Now we just wait the right entrysignal at the 1.55, if the price doesn't show signs of slowing down