EURAUD Cypher Setup for the week 26th Feb, 2014
Outlook Trade opportunity
Potential Cypher- at minor support
- X is also a MAJOR support
- The 78.6 (PRZ) is also near the 161.8 of last weeks high and this weeks low.
Wednesday, February 26, 2014
EURAUD Cypher Setup for the week 26th Feb, 2014
EURJPY Daily Forecast and Trade setup for the week 26th Feb, 2014
EURJPY Daily Forecast and Trade setup for the week 26th Feb, 2014
Weekly Chart
Hourly Chart
Outlook Trade opportunity
A Scalp Trade as I have spotted an area of overlapping fibs of 50% and 61.8% as well as inverse fib 127.20 ext of yesterdays low to high, There is also minor support at this levelRisk Level Medium
Tips -
Always take note of any economical news event on our provided calender belowEURCAD Forecast and Trade setup for the week 26th Feb, 2014
EURCAD Forecast and Trade setup for the week 26th Feb, 2014
Daily Chart
- MACD negative divergence is spotted
- Monthly pivot is holding very well based on daily candles reaction there
Hourly Chart
I have one at the 50% retrace and 78.6% retrace
50% Retrace level -
- Its a overlapping of a 23.6% from low of Jan and this months high,
- Its also a 127.20 fib ext of the highs from this last week
- Look left, its previous s and r
78.6% Retrace level -
- Cypher Pattern (ugly one though)
- Overlapping 38.2% from low of Jan and this month's High
- Look Left, Previous Resis and Support (however you may argue there is a stronger one at the 100% obviously)
Outlook Trade opportunity
See Hourly ChartRisk Level MEdium
Tips -
Always take note of any economical news event on our provided calender below
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