EURAUD (Trading into strong support again)Forecast and Trade Setup 12th Feb, 2014

Daily Chart

Hourly Chart

The EURAUD is trading into important Support, There is a few things which indicates a long position at these levels

• H4 Macd Divergence
• Flat Kinyo which has a higher chance for price to reverse
• Weekly And Monthly S1 Pivots

For this reason we will be placing long position for an initial target at the 38.2% retrace of down leg

Outlook Trade opportunity

Risk Level __

Tips -