Showing posts with label EURAUD. Show all posts
Showing posts with label EURAUD. Show all posts
EURAUD Bearish Cypher 28th March, 2014
EURAUD Bearish Cypher 28th March, 2014
Hourly Chart
- Confluence levels of fibs highlighted on chart
- Also a previous support and resistance from yesterday
- Close to a 200ma
Outlook Trade opportunity
Short at the PRZTips -
Always take note of any economical news event on our provided calender below
EURAUD Trade Setup for 11th March, 2014
EURAUD Trade Setup for 11th March, 2014
I am shorting the Euroaussie based on few factors
- Rejected from the 61.8
- Rejected from the top of the clouds on the H4
- Crossing Stochs at overbought
- And I have a bias on Aussie Strength
Cheers and safe trading
EURAUD Cypher Setup for the week 26th Feb, 2014
EURAUD Cypher Setup for the week 26th Feb, 2014
Outlook Trade opportunity
Potential Cypher- at minor support
- X is also a MAJOR support
- The 78.6 (PRZ) is also near the 161.8 of last weeks high and this weeks low.
Risk Level LOW
Tips -
Always take note of any economical news event on our provided calender below
EURAUD (Trading into strong support again)Forecast and Trade Setup 12th Feb, 2014
EURAUD (Trading into strong support again)Forecast and Trade Setup 12th Feb, 2014
Daily Chart
Hourly Chart
- 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
Buy Trade @ support.Risk Level __
Tips -
Always take note of any economical news event on our provided calender below
EURAUD Outlook and Trade Setup - 30th Jan, 2014
EURAUD Outlook and Trade Setup - 30th Jan, 2014
Daily Chart
- We have divergence in stochastic
- Perhaps one more drive up to new highs - maybe at my fib 161.8 ext level
Hourly Chart
- Double bottomed from major support on Monday and Tuesday, and also near the 61.8% fib retrace
- We have a short trade as shown on chart for a scalp from a fib ext and fib retrace level
- Our bias is we should have new highs
Outlook Trade opportunity
Current setup is already been filled, no further setup is spotted at this stageRisk Level __
Tips -
Always take note of any economical news event on our provided calender below
Scalps for 29th Jan 2014 (USDCHF, EURAUD)
_____UPDATE***
Unfortunately both trades did not work which got filled pretty much few minutes after posting this.
Next trade -
I have got another EURAUD trade but too late to post as market moved too fast for me to prepare the chart, but i took the trade, which covered losses of earlier trade
EURAUD forecast for the week 20th January, 2014
EURAUD forecast for the week 20th January, 2014
Daily Chart
- Although the upside seems limited, we are finding support around the monthly pivot
- If we manage to break above last months highs, our next resistance for counter trend trade is shown on the chart
- RSI indicators is around 60 suggesting further uptrend is likely
Hourly Chart
- We are trading above weekly pivot , and if market retrace back there which also is a 61.8% fib / or a 38.2% retrace of recent swing , it provides good confluence level to take a long
- Stochastic are in the oversold zone
- RSI is neutral
Outlook Trade opportunity
As H4 chart suggests, a potential long trade.Risk Level LOW
Tips -
Always take note of any economical news event on our provided calender below
EURAUD Trade setup for 16th January, 2014
Trade setup for EURAUD
Risk is high as we have a falling Aussie due to very negative reports earlier today, so we are going against the immediate strong trend.
**Target reached**
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