chessnut
Long

EURAUD EW Analysis wave 2 complete!

FX:EURAUD   Euro / Australian Dollar
65 5 4
The EURAUD             is ready to soar as we have a clean count of a wave II correction. As wave c is an ending diagonal watch out for a really sharp hike to the base, 1.435.
Are u saying its a very truncated FLat for C as I would expect it to at least come back to A ?
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chessnut YipYip
yep it would be but its not that uncommon. it has come down now i wonder if it still a diagonal, could be.
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YipYip chessnut
maybe look for a break of the top trendline as trigger
+1 Reply
I forgot to draw a big green arrow pointing up
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Welshman99 chessnut
Gotcha! , nice one
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