EURAUD (Trading into strong support again)Forecast and Trade Setup 12th Feb, 2014

EURAUD (Trading into strong support again)Forecast and Trade Setup 12th Feb, 2014

Daily Chart

Hourly Chart

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 -

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