EUR/AUD - Quick Long
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Whats up traders, just a quick analysis as I was passing by my charts
Here we have EUR/AUD on the 1H chart.
Price retested a crucial long term support zone, and successfully bounced. When we analyze this chart on the hourly, there was a nice candlestick reversal set up, the sort of set up that indicates a nice reversal.
I am expecting price to to trade to the upside in a new bull impulse leg. The likely target will be 1.5760.
I will update this analysis as it progresses.
Here we have EUR/AUD on the 1H chart.
Price retested a crucial long term support zone, and successfully bounced. When we analyze this chart on the hourly, there was a nice candlestick reversal set up, the sort of set up that indicates a nice reversal.
I am expecting price to to trade to the upside in a new bull impulse leg. The likely target will be 1.5760.
I will update this analysis as it progresses.
Nota
Price has had an up move since last posting.Price successfully tested the support zone, and has broken out as predicted. I am now expecting some up move up to the upside target of 1.5750.
Bare in mind that price will likely correct whilst price is moving towards target. So keep an eye on this pair before considering a position.
Pesanan dibatalkan
Price had a nice bit of upside, but eventually lost steam, and has now gone below the level desirable to watch this trade anymore.The momentum was initially nice and a nice pip profit was made, but eventually price succumbed under pressure.
It is now weak and failing at the support zone and is going to break down, negating all long possibility.
Penerbitan berkaitan
Penafian
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