Tuesday, October 6, 2015

AUDUSD & EURAUD FORECAST AND TRADE SETUP FOR WEEK ENDING 9TH OCTOBER 2015

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 points
these trades have already been taken yesterday (monday)

Risk Level - LOW


Tips -

Always take note of any economical news event on our provided calender below