Trade plan 03 November 2016

EURAUD Daily

-Daily chart Price Action Price has be moving in a bearish trend line, Price also broke though support and is currently testing as resistance Stochastic is currently overbought Market The 55 and 21 Moving average indicate a bearish market

EURAUD H4

-H4 chart Price Action Price is currently at weekly pivot point (WM3),Price is currently testing the 1.4500 psyc level as resistance Stochastic is heading to the overbought Market The 55 and 21 Moving average cross has occur indicating a bullish market

EURAUD H1

-H1 chart Price Action Price is currently at Daily cluster pivot point (DPP),Price was moving in a bullish trend but broke through the trend support line and retested it as resistance Market The 55 and 21 Moving average indicates a bullish market with possible convergence Planed Entry Looking for a reversal patten (Head and shoulder / Double top) that could be forming First Entry :1.447(retest of the psyc level as resistance) SL: 1.45488 TP: 1.415928 Second Entry : 1.4400(H4 head and shoulder break out) SL :1.447 TP :1.415928

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