A potential opportunity to earn a near 100 pips profit by buying the EURAUD has arisen under the 4-Hour timeframe.
EURAUD (4-HOUR) BUY
Why Buy
An Up Trend line pattern
All but one Trend (long term) indicators are pointing up
Extreme Indicators are pointing oversold meaning it should start moving up again
Two consecutive up candles have been formed
Read more about this here and the Trend/Wave/Extreme system used to create this analysis here.
EURAUD (4-HOUR) BUY
Why Buy
An Up Trend line pattern
All but one Trend (long term) indicators are pointing up
Extreme Indicators are pointing oversold meaning it should start moving up again
Two consecutive up candles have been formed
Read more about this here and the Trend/Wave/Extreme system used to create this analysis here.