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EUR/AUR-Trade & Long Term Wiew

  • In this blog i would like to explain my EUR/AUD trade idea ,how i got it and what is my wiew on long term for this pair.The trade idea come to me as i was conducting my daily analysis . O spotted an great opportunity in what looks like an inverted head & shoulder pattern.It is quite far from the regular look of the pattern but still in my eyes is very viable.

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USDCAD Lower Support&Resistance

Charts: 4Hours ,Daily.
Indicators
: Fibonacci Fan Lines,Support & Resistance Levels.
Current Level : 1.0313.
USDCAD formed recently lower resistance than previous one and a lower major suport zone at (1.0184) from which i predict a bullish move that finds a resistance zone somewhere around (1.0481) fibonacci fan lines 38.20 level, where from my point of wiew should form a lower resistance ,retrace in a berish trend forming a lower support at 61.80 fibonacci fan lines level of
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Daytrader21 avatar

Wish you all the best with this one

Metal_Mind avatar

UPDATE 1 :This pair proven to be quite accurate. It has respected exactly the chart that i have drawn. It had a bull run very close to the predicted resistance and now the trend is retracing and going towrds my target. The direction is good and with 12 more days to go it has enough time to reach target. Current level is 1.0289 that beeing 132 pips from target.

Metal_Mind avatar

UPDATE 2:In the last 10 days this pair made another bullish run from which now is retracing but the current level is at 1.0440 which is very far from my targeted level.

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