EURAUD Short Opportunity ?
Updated
It seems that we have a good opportunity to SHORT the Eur/Aud pair on breakout of structure on a 1 Hour chart. My Elliott wave analysis also shows a SHORT position to trade Wave C on the Minor time period (Hourly) as well. Although RSI shows mid level, Stochastic shows a high probability of a SHORT also. MACD indicates a potential down move also, where the moving averages is dead center, after an up move (meaning down move is highly probable).
----------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
----------------------------------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
----------------------------------------------------------------------------------------------------------------------------------------------------------
Note
Proceeding nicely, however just updated the TP after some price action giving me more information:
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.