ALERT SIGNAL FOR POSITIONAL
TRADE ALERT SIGNAL
SELL ENTRY 1 - 1.63007
SELL ENTRY 2 - 1.63534
TARGET 1 - 1.62456
TARGET 2 - 1.61888
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HOW WEEKLEY WIT SIGNAL IS VALID
FOR DAILY INCOME TRADER(DIT)
1,IT IS VALID UPTO 24 HOURS,ONCE IT HITS...
The 4 Hour chart of EUR/AUD has formed the Full Elliot wave pattern
It is currently making 'c' corrective downside moves with the running flag formation of further upside forecast bias after the corrective moves.
The 4 Hour chart of EUR/AUD has formed the full Elliot wave pattern
After completed impulse moves, currently it is in the making of c correction wave
so,It is expected to be bearish and would reach the expected target.
The EUR/AUD pair is currently in an uptrend in the daily timeframe.
It is currently at the 1.618 fibonacci extension of its rally initiation point, which can act as a strong resistance.
If the resistance holds, we can expect a good retracement move due to profit booking.
If the resistance is broken then a good accelerated bullish move can be witnessed.
This morning the cross fails to breach the March high 1.6190, Asian session high was 1.6169. Looking at the more top time frames between 1.6190-1.6250 the cross will face immense selling pressure. The 100.0fe is pointing to 1.6190 coincides with the March high.
While the price is below the resistance 1.6190, resumption of downtrend is expected.
We make sure when the support at 1.5275 breaks.
If the resistance at 1.6190 is broken, the short-term forecast -resumption of downtrend- will be invalid.
There is a possibility of temporary retracement to suggested resistance zone (1.5825...
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.6190 would begin in Midterm.
The RSI bounced from the resistance #1 at 62 and it prevented the price from more gains.
A trough is formed in the daily chart at 1.5425 on 06/14/2018, so more gains to resistance(s)...
as we can see,trend line base on 2 hours chart is going up,and we can see so many times price gave reactions to trend line, so we can trust the line.right now every thing is base on 153.000, if the price another time react to the trend line and same like before go up,we can keep trusting and go for up again, but if anyhow price break down the trend line and...