ForecastCity_ME

Two buy opportunities on this chart for EURAUD

Long
OANDA:EURAUD   Euro / Australian Dollar
Mid-Term Forecast

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.635). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURAUD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.

Take Profits:
TP1= @ 1.6550
TP2= @ 1.6885
TP3= @ 1.7315
TP4= @ 1.7815
TP5= @ 1.8570

SL= Break below S3

---------------------------------------------------------------------------------------------------------------------

Short-Term Forecast

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.6335). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURAUD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 77.

Take Profits:
TP1= @ 1.6480
TP2= @ 1.6550
TP3= @ 1.6760
TP4= @ 1.6890
TP5= @ 1.7020

SL= Break below S3

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Comments

brother i buy 1.64500 now what i stop los ? and tp ?
+2 Reply
ForecastCity ramjane831
@ramjane831, Thanks for your comment. Please read the description of the idea.

Take Profits:
TP1= @ 1.6550
TP2= @ 1.6885
TP3= @ 1.7315
TP4= @ 1.7815
TP5= @ 1.8570
Reply
ForecastCity ramjane831
@ramjane831, Also, SL= Break below S3
Reply
ForecastCity ramjane831
@ramjane831, It's needed to look for a strong sign that shows it's a good time to buy like Hammer.
There are free articles about "Forming Hammer pattern in price" and "Forming a Shooting Star in the price" on the website.

Hammer 👉 https://www.forecastcity.com/en/node/240
Shooting star 👉 https://www.forecastcity.com/en/node/235
Reply
ForecastCity ramjane831
@ramjane831, Also, There is DTO service that shows you Hammer/Shooting Star and the strength of them.

Please see the DTO here;
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunity
Reply
I really appreciate your help. Thank you.
+1 Reply
@Kristalyn, We hope it goes well for you
Reply
@Kristalyn, We wish you good luck with your trades.
Reply
Thank u
+1 Reply
ForecastCity_ME goldsaran85
@goldsaran85, We hope it goes well
Reply
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