EURAUD poised for BIG Move

ProFXTrader

Junior member
23 2
Trade set-ups for 05/15/2015

EURAUD-5-15.png

Currency Pair: EURAUD
Closing Price: 1.4115
Entry Order: BUY stop @ 1.4143
Stop loss: 1.4095
Take profit: 1.4387

Analysis: This pair has formed BOTH, an inverted head-and-shoulders and a double-bottom price pattern. Should follow-through quickly after today’s large key reversal price action. I see a large potential gain in this pair over the next few days - and weeks ahead.
 
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fxstrategist

Established member
603 16
Euraud

The EURAUD could find a good resistance around the 1.4200 round number level. A breakout below the 1.4000 level could indicate a continuation to the downside.
 

arigoldman

Established member
626 10
Interesting takes. Keeping an eye, thanks.
 
 
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