Trade Setup: EUR/AUD – 26 Sep 2016

http://www.myfxguide.com/trade-setup-euraud-26-sep-2016/

Candle Stick Pattern: Morning Star at (1)
Confirmation:

Stochastic oversold range at (4). Also confirming divergence at (4) and (5).
Retesting previous resistance at (2)

Signal: BUY
Entry Point: 1.4756
SL: 1.4628 (128 pips) (Lowest low of the 3 candlestick bar of the morning star)
TP: 1.5060 …
#CandleStickPattern, #Divergence, #EURAUD, #Stochastic, #SupportResistance
#ForexAdvices, #ForexTradeSetups

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Trade Setup: AUD/USD – 8 Sep 2016

Trade Setup: AUD/USD – 8 Sep 2016

Candle Stick Pattern: Dark Cloud Cover at (1)
Confirmation:

Stochastic overbought range at (3), also confirming divergence at (2) & (3).
Touching outer band of Bollinger Band at (1).
Retesting the support of (4) at (1).

Signal: SELL
Entry Point: 0.7638
SL: 0.7733 (95 pips)
TP: 0.7481 …
#BollingerBand, #CandleStickPattern, #DarkCloudCover, #Divergence, #Stochastic
#TradeSetups