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Originally Posted by Anytime
the pair now infront of me for sharing my analysis is the eur/aud and i feel that its very interesting pairs specially for present days when euro has some strong challenging situation against other forex currencies in the forex market and for this there is need to trade with care for traders
eur aud
support: 1.5339
resistance: 1.5539
do buy if suport can not penetrate, and use good money management. If the support is broken then ready to sell
http://i1028.photobucket.com/albums/...psrr9ccsqd.jpg
EUR USD is still going up slightly at 161.8 fibo / at the price of 1.5695 and bounced and returned to fibo 100 / at the price of 1.5591 in a large time frame trend is still up and magic indicators are still showing upward trend
eur aud
Support: 1.5650
resistance: 1.6000
eur aud down after hitting resistance at the price of 1.6003. is likely to be towards the support at 1.5650. and if the support was breached it will be towards the next support. if it will sell it better to wait for prices to sell upside correction.
Click the chart and "PLAY IT"
https://www.tradingview.com/i/3pEzFbkB/
GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
:good: If You enjoy this chart, hit that "thanks" button :good:
Safe Trades;
Euro/Aud involves a commodity currency that is Aud stands for australian dollar at the time the australian dollar is in middle level not so high value and not low value it depends on the economy of the china due to strong trade relationship with china.
http://i68.tinypic.com/1zx73q.png
EUR/AUD peechle hafte 1.62 k par chala gaya tha magar is week wapis 1.58 tak agaya jis se trend k bare mai kuch kehna boht muskil ha magar abhe jo sign mil raha ha ise yahi pata chalta ha k ya sirf correction nahi balke downtrend ki taraf ishara ha aur hum ane wale hafte mai ya pair ko shayad 1.55 tak jate hue dekhe.
weekly and 4 hour chart make the same leading diagonal both in larger degree and a smaller degree if you look at weekly it forming a 5 wave impulse follow by 3 wave correction follow by a next impulse
weekly chart EURAUD
Attachment 14147
this same structure repeat it self in h4 and houly chart
look at this structure
H4 chart EURAUD
Attachment 14148
my entry point
Attachment 14149
my target is fibs 1.272( 1.6390) and Andrews pitchfork median line
my stop-loss goes the trend-line
http://i68.tinypic.com/ajtnip.jpg
EUR/AUD is hafte mixed raha aur opar jane k baad phir se correction pay agaya aur band hone se pehle 1.4736 pay ha ab trend pata karna boht muskil ha is waqt kiu k market mai boht confusion hai magar lagta ha k ane wale hafte mai bullish trend jari rehna chaiya magar phir se neutral trend hone k zada imkan hain.
EUR AUD bhe ek bht he acha pair ha aur es main bhe kafi up down ha yahan the market kafi movement krti ha aur aur yahan bullish trend rehnay k zayada chances rehtay han. Magar jab yeah apnay asal trend ki tarf wapis ata ha to kafi acha profit data ha