New 5 wave up fractal has started from weekly demand zone
Short Set-UP,Look for previous analyse and countings to understand Set-UP
EURAUD H&S pattern forming at the weekly supply zone,wave ii) is already terminated in Zig-Zag form.
Potential 3 step pattern in progress
We could see move for (B) of (5) to the (2)-(4) trendline
Pair is forming H&S falling pattern...
time for pull back to the 50EMA and 38.2% level...With price action and rejection time to go for long...
B of (ii) almost terminated I am planing to join to c of (ii)
4h prediction may look like this,
After the break of neckline we saw some bounce and new HH s,wave (iii) is in progress,my prediction is we can see some pull back to the 50EMSA+0-i trendline and the neckline of H&S pattern,I will be looking for long opportunity at the mentioned levels
wave (v) is in progress if counting is not (v) FAILURE it could bounce from (ii)-(iv) Trendline and shorter term counting it is also 0-(ii) trendline...If its a (v) Failure it will break trendlline and wave (a) correction will be in progress..
Wave (v) is in prgress,I am planinf to go for long with retest (ii)-(iv9 trendline...
Wave (iii) is in progress I will be following long opportunitys...