Euraudforecast
EURAUD Short: Daily Charts Potential Profit Targets: Evidently Targets are for swing trades.
Looking left, price broke 1.65483 Resistance after several attempts. Idea is price is likely to retest broken Resistance.
Looking left, price has tendency to retest 200ema and occasionally 365ema-- another good reason to consider profit targets at these levels.
Check comments section for future updates on idea.
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EURAUD Short! Two Buy-zones at 30 Min Charts for Shorts Delays With Short Bias in mind, expectation is for Price to Fail at Green rectangles (supports) --turning them to resistances for decline to downside.
Follow this idea with previously posted idea for complete price-action story.
Momentarily, check comment section for developing updates to this trade-setup/ idea.
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EURAUD SHORT: There's chance Price Test at 1.74691 Currently Price is trading above critical levels, "potential" one more up-push to 1.74691 before anticipated rejection to down-side.
Meaning another GTC short opportunity at 1.74691-- OR possibly Decline is already on its way!
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EURAUD Short! All Entries Done! Where's Red-Zone?
Entry Levels 1.67479/1.67587/1.68292/ 1.69902 Completed!-- Upon price decline, expect potential retest of corresponding color-code dashed lines.
ie Test of 1.70218 (Aqua) likely to cause retest of 1.66094 (Aqua) and 1.58148 (Aqua).
Test of 1.67587 (Yellow) likely to cause retest of 1.65574 (Yellow).
Red 1.63591 is determinant of Lower Buy-Levels upon Monthly Sell-Off
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EURAUD SHORT! A look at the Idea Price has posted a High 1.67633 and declined from probable rejection as suggested by earlier EURAUD Short post with critical levels:
1.67479/
1.67587/
1.68292/
1.69902
A view at charts has price clear off red targets (looking left) from previous swings-- Meaning price is behind in reaching its targets and is currently testing levels from previous (not current) swings.
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EURAUD SHORTEA short looks good here. We have seen 1 rejection from the purple box area marked showing us it is respecting the 38.2 fib level as well as the descending trend line and 50 EMA. I'm looking to take this short down to the 61.8 fib level if we see further rejection from the purple box region.
350 PIP GAIN 6/1 RR
EURAUDafter a massive bearish weekly we anticipate some liquidation/relief/profit taking etc into the 1.65200 zone for the first target
daily - 4hr and so on we are giving signs of exactly this as the 1.610000 psyh zone has proven relentless - (look left)
weekly candle = bearish - play pullback - be patient - secure entries
let us execute this week
cheers.