TradingEW
Long

EURAUD setup for longs

FX_IDC:EURAUD   Euro / Australian Dollar
72 4 4
Revised wave count of a completed wave iv pave way for a very extended v wave up.
Moved stop loss to invalidation at top of (i), now tracking (iv) to completion for adding positions.

snapshot
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Finally forming bottom of wave iv and finding support on channel lines.
snapshot
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Nice, and here's a thought: What you have labeled iii could potentially be a 2 of iii as both ii and iv are sharp corrections
+1 Reply
TradingEW glennmercer
Indeed, a thought to be considered. Thank you.
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