GO FOR LONG EURAUD! AN UPWARD CHANNEL WHICH HAS LOTS OF FLOW.
can take a buy here or wait for the trend line break
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.6415). 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....
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.6688). 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 downtrend is expected. . The price is above the 21-Day WEMA which acts as a...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.5952). 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 below the 21-Day WEMA which acts as a dynamic...
EUR / AUD go for short position . always use small lot size
EURAUD BUY @ 1.6000 TARGET : 1.6060, 1.6100 STOPLOSS : 1.5965
It may form ascending channel and touch 4hr ascending channel and pullback or it breaks the trend line and form a bear flag and continue bearish momentum
Wait till market comes toward trend-line and confirm with candlestick . This analysis is just for education purpose.