.- ALERT SIGNAL FOR POSITIONAL TRADE ALERT SIGNAL DATE -14/10/2018 SELL ENTRY 1 - 1.63007 SELL ENTRY 2 - 1.63534 STOPLOSS- 1.64121 TARGET 1 - 1.62456 TARGET 2 - 1.61888 Hit like, comment and follow for more profitable Trades. Happy trading. THANK YOU HOW WEEKLEY WIT SIGNAL IS VALID FOR DAILY INCOME TRADER(DIT) 1,IT IS VALID UPTO 24 HOURS,ONCE IT HITS...
Short at Market Price - Aim for previous support at 1.6000 as targets
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.
The 4 hour chart of EUR/AUD has formed a deep crab pattern along with MACD histogram divergence formed. So, It is expected to be bearish and would reach the target.
Midterm forecast: 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. Trading suggestion: There is a possibility of temporary retracement to suggested resistance zone (1.5825...
Midterm Forecast: 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. Technical analysis: 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)...
EURAUD WILL go down in the coming days!