My trades and Forex Market Analysis blog

EURAUD Analysis (peteregwufx)  On EURAUD, from the monthly timeframe I could a double top formed. I know some might not see this but I take as a double top. However for months I have been looking forward to see the support level at 1.63278 to be broken and it was months back but the pair didn't start to drop immediately but it has to keep raging up and down to the extent the pair went on long for sometime before it started dropping. Now, it has come back to that support level again at 1.63278. So, i have to go to the daily using my ema indicator and trendline that is broken which indicate a break out to the downside, from there, I got an entry to go short. I am looking to catch about 370pips on this pair as my first taken profit. My second taken profit would 1.55737 In total I anticipate about 700pips+ move to the downside. The final level where I look to see this pair touch is 1.55737. Can this play out? We would see in the weeks and months ahead. 

EURCHF analysis (peteregwufx)  EURCHF has been a a trade I have been looking out for some weeks to go short. And this week I'm got an entry on it and my target would be about 300pips+. This could even go beyond 300pips+ but I just prefer to take profit at 0.95975 which about 300pips+. But is it possible to beyond 300pips? From the higher time frame, monthly to be precise, we could fall deeper to 0.92421. You can already see my chart analysis on EURCHF. Pls tell me what you see if you have any opposite view on my analysis.  My trade on EURCHF is already in profit. I am still looking for further move to the downside in the coming weeks. 👇