For my previous post EURAUD see below:
The EURAUD moved impulsively lower for what has currently be counted as either a wave A or wave 1. This is however not relevant for short term trading opportunities. If the bottom is in place for this leg I anticipate a consolidation towards ideal target zone 1.57 for either a wave B or 2.
If this happens to be correct we should be able to spot a corrective pattern that will present another trading opportunity by means of a sell trade towards 1.46.
timstuyts.com
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The EURAUD moved impulsively lower for what has currently be counted as either a wave A or wave 1. This is however not relevant for short term trading opportunities. If the bottom is in place for this leg I anticipate a consolidation towards ideal target zone 1.57 for either a wave B or 2.
If this happens to be correct we should be able to spot a corrective pattern that will present another trading opportunity by means of a sell trade towards 1.46.
timstuyts.com
facebook/timstuyts/
Note
Watch the break for that move higher.Note
Watch for the following clues before selling/buying.I prefer a deeper bullish corretion first before the sell trade.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.