$EUR vs $AUD 4H Chart. Don't miss the next rally|#EURAUD #aussie
Traders,
EURAUD is still in correction, ending soon, watch to buy the next rally.
-If price breaks down the level now (1.46260) possible target for a reversal is close to (1.44715) completing a ZigZag pattern, also where the Golden Ratio 61.8 FIb retracement of 1-3 impulse is.
-If price bounce from the level now (1.46260) watch for buy setups, Positive Divergence(+) also in place, a strong indication for an uptrend continuation.
Profit target is close to (1.56460) previous top, where the 61.8 extension ends.
Trade with discipline
Best
EURAUD is still in correction, ending soon, watch to buy the next rally.
-If price breaks down the level now (1.46260) possible target for a reversal is close to (1.44715) completing a ZigZag pattern, also where the Golden Ratio 61.8 FIb retracement of 1-3 impulse is.
-If price bounce from the level now (1.46260) watch for buy setups, Positive Divergence(+) also in place, a strong indication for an uptrend continuation.
Profit target is close to (1.56460) previous top, where the 61.8 extension ends.
Trade with discipline
Best
Note
Price has bounced from 1.44715, looking for possible start of 5th (circle) impulsive wave, or a bigger corrective structureNote
Long the next wave, watch price action after completing Note
Check here the bigger picture, you shouldn't miss the next impulsive move up.
Note
Got the next leg up at 1.49800(+/-)We don't know yet if that the end of correction.
Watch for possible 5 wave sequence, breaking previous high at 1.50747
Note
New idea uploaded giving more emphasis on the corrective structure.Note
Still looking for one more leg down to complete the 4th wave correction
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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.