Wednesday, 24 February 2016

EURAUD Analysis

EURAUD 1Hr


The EURAUD is in a down trend and is currently in wave 4, I am expecting the EURAUD to fall completing wave 5 of the 5 wave down move. The EURAUD has also hit the 38.2 Fibonacci retracement level finding supply.

EURAUD 15min

Here on the 15 min time frame  you can see the EURAUD has completed an harmonic pattern rallying to the 1.618 retracement level (1.5404) of the XA leg  and is currently on the verge of possibly forming and head and shoulder pattern. 
Expecting the market to rally to around 1.533-1.535 before falling. However if prices rally and close above 1.537 expect higher prices. Expecting prices to fall first to 1.5261 and a strong close below this level should result in a retest of 1.5175


Saturday, 12 December 2015

1000 pips Off EURAUD


Nice week, made over 1000 pips off EURAUD using simple supply and Demand with price action and confluence. Video coming soon. Next week should be interesting waiting to see how the market reacts to the Fed interest rate decision

Thursday, 10 December 2015

EURUSD Analysis





EURUSD Daily 

The EURUSD is also in the 4th wave of a downtrend. Expecting the EURUSD to fall over the coming days completing the 5 wave down swing.