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Euraudsignal

EURAUD: Trendline Break within Parallel ChannelEURAUD Timeframe: H4 Direction: Short Confluences for Trade: - Bearish candle formations - Stochastic Overbought momentum - Price action at Resistance of Parallel Channel - Breaking S/T Trendline within Channel - Widening gap between the EMAs - Fundamentally, EU-Italy impasse uncertainty yet to be priced in and may be volatile in the coming days while the AUD weakness has been pretty much priced in over last weekend Suggested Trade: Entry @ Area of Interest 1.5570 - 1.5850 SL: 1.5918 TP: 1.5559 RR: Approx. 2.10 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
EURAUD: Strong Supports; Ready for Bounce?EURAUD Timeframe: 1D Direction: Long Confluences for Trade: - Stochastic Overbought momentum - Too wide of a divergence for 8 EMA and 50 EMA - Price close to Strong Horizontal Support (since Feb 18) - Price close to a Support Trendline (previously resistance; since March 18) Suggested Trade: Entry @ Area of Interest 1.5610 - 1.5670 SL: 1.5542 TP: 1..5884 RR: Approx. 2.89 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long
by weekendanalyst