Technical Analysis


EURAUD is approaching a strong level of support on 4hr chart. Previous price actions show a swift reaction whenever price reach this level of support. I'd go into smaller TF to look for signs of bearish exhaustion to go long on this pair.


On the hourly chart, price is trading under the bearish trendline. I'd look for double bottom followed by HH to go long. Alternatively, wait for price to break above the trendline and buy the next role reversal.

2 thoughts on “EURAUD 4hr Buy Setup 13th Jan 2017”

  1. Malesela Nkwe says:

    Nice Joe.. I’ll keep an eye on this as well..

  2. Ken Moulton says:

    Hi Joe. Are you in the US? I saw your image and wondered. I am in Tennessee

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