EURAUD (Trading into strong support again)Forecast and Trade Setup 12th Feb, 2014
Daily Chart
Hourly Chart
Outlook Trade opportunity
Buy Trade @ support.
Risk Level __
Tips -
Always take note of any economical news event on our provided calender below
Daily Chart
Hourly Chart
http://4.bp.blogspot.com/-wBWj1OuaM2...2-12_21-22.jpg
The EURAUD is trading into important Support, There is a few things which indicates a long position at these levels
- H4 Macd Divergence
- Flat Kinyo which has a higher chance for price to reverse
- Weekly And Monthly S1 Pivots
For this reason we will be placing long position for an initial target at the 38.2% retrace of down leg
Outlook Trade opportunity
Buy Trade @ support.
Risk Level __
Tips -
Always take note of any economical news event on our provided calender below
Only the strong survives!