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
註釋
Price has bounced from 1.44715, looking for possible start of 5th (circle) impulsive wave, or a bigger corrective structure註釋
Long the next wave, watch price action after completing 註釋
Check here the bigger picture, you shouldn't miss the next impulsive move up.
註釋
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
註釋
New idea uploaded giving more emphasis on the corrective structure.註釋
Still looking for one more leg down to complete the 4th wave correction
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