EURAUD Analytics based on the circular level, price channels and altered wave analysis.
08/08/2019 Technical analysis of the EURAUD
On day timeframe EURAUD Pin bar formed with a false breaking local maximum which was formed in the same Pin bar. We consider two scenarios for sale EURAUD - to correct 50% of the figure and in the penetration figures.
Trade Idea traders pair EURAUD:
Sell EURAUD pair
Var.1. After EURAUD correction in the range of 50% from the figure of Pin bar. It recommended as a filter on a smaller timeframe (M30 - N1) to determine the turning figure.
Var.2 .: On a penetration figure Pin bar - 1.6530.
Stop Loss for the maximum figure - 1.6785.
Target levels - 1.6400; 1.6120; 1.5900.
Author: Eugene Boguraev Grand Capital
Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Special Forex shall not be liable for any damages in case of a vision materials.