AUDUSD & EURAUD FORECAST AND TRADE SETUP FOR WEEK ENDING 9TH OCTOBER 2015
Hourly Chart
- AUDUSD H1 chart with Ichimoku 1hr and 4 hr on the same chart - both indicating on a bullish trend
- Bullish on both - targetting 0.7140 on a 1:2 risk to reward trade (64pips reward)
- HOwever, once reached 0.7140-50 - potential Bearish trade will be on the lookout as there are few confluences
- 2 x FIB Extention
- 1 Fib Retracement level
- S/R zone
- Will zoom into a 1hr / 15 min for short opportunity
- EURAUD H1 Chart - Bearish outlook / H4 Chart shown below - Bearish as well
- Bearish view, targets 1.563 - on a 1:2 Risk to reward trade (250pips reward)
Outlook Trade opportunity
AUDUSD and EURAUD - please see above bullet pointsthese trades have already been taken yesterday (monday)
