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)...
shark pattern with rsi divergence
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...
So i have a Bat pattern forming here to go long paying attention right now on the candle stick patterns to favor my analysis long.
LONG EURAUD WITH POSSIBLE TARGETS OF 1.4479 AND 1.4551 ......KEEP STOPLOSS1.4181