EUR/AUD Signal- January 16, 2013

Alp Kocak

Currency: EUR/AUD
Trend Expected Direction: Up
Method: Ichimoku, Technical Analysis
Description: The EUR/AUD pair had climbed above the Ichimoku Cloud on the 4-hour chart and I believe the pair finished its pull back at 1.2564. Now the pair is ready to climb higher. We also have bullish Tenkan Sen – Kijun Sen crosses on both 30M and 4H charts.
Recommendation: Long
Target Area: 1.2695
Stop-Loss: 1.2560

EURAUD Signal 11613

About the Author
Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.
Currency Pairs:
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