Thursday, January 30, 2014

EURAUD Outlook and Trade Setup - 30th Jan, 2014

EURAUD Outlook and Trade Setup - 30th Jan, 2014


Daily Chart


  • We have divergence in stochastic 
  • Perhaps one more drive up to new highs - maybe at my fib 161.8 ext level


Hourly Chart

  • Double bottomed from major support on Monday and Tuesday, and also near the 61.8% fib retrace
  • We have a short trade as shown on chart for a scalp from a fib ext and fib retrace level
  • Our bias is we should have new highs


Outlook Trade opportunity

Current setup is already been filled, no further setup is spotted at this stage

Risk Level __


Tips -

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