Welcome to a brand-new buying and selling month, errbody!

Jumpstart February with a take a look at these development continuation setups on Netflix (NFLX) and EUR/AUD.

Higher maintain your eyes on these pullback ranges.

EUR/AUD 4-hour Foreign exchange Chart by TradingView

Don’t look now, however EUR/AUD already appears able to resume its slide!

The pair has been cruising decrease inside a descending channel on the 4-hour timeframe and is at the moment hitting a ceiling on the 38.2% Fib.

The next pullback might nonetheless attain the 61.8% stage nearer to the channel resistance close to the 1.5600 deal with, however Stochastic is suggesting that bears are returning.

In that case, EUR/AUD might make its approach again all the way down to the swing low close to the 1.5250 minor psychological mark or the channel backside nearer to 1.5200.

Shifting averages additionally verify the presence of bearish vibes, because the 100 SMA is beneath the 200 SMA and can also be holding as dynamic resistance.

Netflix (NFLX): 4-hour

Netflix (NFLX) 4-hour Chart by TradingView

Missed these earlier pullback alternatives on Netflix?

It could be time to cease binge-watching and begin paying nearer consideration to this uptrend on NFLX as a substitute!

The inventory worth appears prime for an additional correction to its rising development line that’s been holding regular since July final yr.

Utilizing the handy-dandy Fib retracement instrument exhibits that this space of curiosity is across the 50% stage, 100 SMA dynamic inflection level, and the $325 mark.

The 100 SMA is safely above the 200 SMA to recommend that there’s a robust likelihood the uptrend might keep it up. Simply watch out since Stochastic continues to be heading south for now, which implies that the correction might maintain going till oversold situations are met.

If any of the Fib ranges are in a position to maintain losses in test, Netflix shares might quickly climb again to the swing excessive and past.