playing euro chickenmonthly RSI has shown negative divergence and has now crossed below an ascending trend, which suggests the trend has turned negative and support at 1.3675 may prove temporary.
When the gates give way the pair will be heading toward the next projections at 1.35, with any rebound being capped by 1.4040
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All the best for the week ahead!
Euraudsell
EURAUD short termwe have multiple resistance's, one even dating back from August 3rd 2016. On the daily price is being squeezed. Price has failed at this resistance trend line multiple times and doesn't look like it has the strength to break it now, however if price breaks above the trade will be invalid.
EUR/AUD, DAY CHART, SHORT (11-DEC-2016)Note:
EUR/AUD breaks the Descending Triangle Pattern.
Further downward movement is expected!
Recently, we see a consolidation after the breakout.
If the price able to break the consolidation support line
at 1.417x area.
Here are 2 ways to trade:
1. Short it directly after the breakout with
smaller lot size.
2. After breakout, wait for pullback to the
support zone and another bullish signal to
short. Can trade with righ lot size :)
Caution on the AUD employment data on Thursday.
Fundamentally, EUR is still on the downside.
EURAUD interesting situationHi traders,
today i've found another particular pair at a very important decision point.
As you can see above, here we are retesting a daily level that recently had been broken. This level lines up nicely with two powerful fibonacci retracements.
With that being the case, over the next days we are going to look for some opportunities in lower timeframes (1hr and 4hr).
I'll let you know if i enter the market.
Good luck!
EURAUD taregt 1.4620Hi Guys,the EURAUD dailly chart makes a beariesh pinbar at strong resistance.its go to also some retracement . I already taken a sell entry from this level.My target 1.4620. I am new in this website.i have a facebook page there i share my dailly chart anlysis.you can also visit my page for check my previous performance.my page link--
www.facebook.com
thanks everybody