it seems to be short but i will not open a trade till i see what will the PA look like in the yellow
Iit seems that we are in a corrective Wave 4 there is a high probability of a triangle i will long the D leg
this long is a bit risky with 80 pips of SL and 220 pips of target i am gonna wait for the PA to retrace and enter .
Hoping that we will have a strong USD tomorrow i will wait for a retrace of 0.78 stop of 60 Pips and a target of 180 pips. i will wait for a PA confirmation before taking the trade
Long order in EURAUD SL: 50 Pips Target : 160 Pips TP1: 98 Pips **** It is just an idea trade it only if your own analysis leads to the same conclusions****
it is just an Idea i am waiting for a goo entry Maybe the Green line is a good entry point with an SL of 40 to 50 Pips i will trail my SL after the TP1
i need a conformation before open the 1st trade the long
my Idea is that we still in the wave 4 from the down side (orange label). Why :because if we take the time factor. we can see that wave 3 took 125 days to be completed so the correction may take more then 125 days. correction pattern : running flat. in this pattern wave B extend more then the beginning of wave A often 1.38% and we are exactly in that level...
Shorting the AudNzd i will move my stop each 50 Pips the target is kind of open
i want to long the Wave C i need a conformation of the PA before open the long
triangle on wave 4 1st target 2,0681 N/B the trade can be divided to 2 or 3 longs