EURUSD Outlook and Trade setup 29th Jan, 2014- Midweek report
Daily Chart
- Not much action for the first two days of the week as market anticipating moves after the Fed later today
4 Hourly Chart
- I have identified a potential Cypher Pattern similar to the AUDUSD setup.
Outlook Trade opportunity
Please see hourly chart
Risk Level LOW
Tips -
Always take note of any economical news event on our provided calender below
AUDUSD Outlook and Trade Setup Midweek update 29th Jan, 2014
Daily Chart
- As predicted last Friday, we rejected from the confluence fib ext level of 161.8 and 127.2
- Upside is limited however with the major resistant, and if we break through, please be careful of a 'fake break'
Hourly Chart
- This is my forecast for this pair, and if it does get up to my sell zone, for those who look at patterns, i think its a potential Cypher pattern. -
- Next support bounce is also on chart
Outlook Trade opportunity
Please see H4 chart
Risk Level LOW
Tips -
Always take note of any economical news event on our provided calender below
