FX:EURAUD   Euro Fx/Australian Dollar
227 6 2
I found a lot of stuff on this chart!

The trend looks bearish .

Target: 1.3000

FYI ~~~~~
I would recommend NOT using the Elliott Wave indicator in this Great Charting Package.
It is very flawed in it's labeling.
Ex. in this chart the blue (1) and (2) first and second wave - center of the chart-
is also labeled ((III)) and ((iv)) which, of course, in EW Can Not Be.
Wishing you lots of pips in your pocket for 2015 !!!!!
Lacunoide dojitrader
Thank you...

Well, to tell the truth i am not too much into elliot waves...

I am only looking for very big waves on higher TFs.

the indicator provided by tradingview is good... at least it is one of the best that you can get for free :-)

Thanks for sharing this EURAUD chart. A very detailed description of the waves. Interestingly the waves you've labelled as FIRST ELLIOT WAVE , SECOND ELLIOT WAVE, etc. are the ones that actually forms a correct EW pattern. Very informative. But how are you setting the FIRST TARGET for wave C in ABC correction. Because that could be a major correction before the uptrend resumes again or it could be very well a new bearish trend.
+1 Reply
Lacunoide MaxxAstral
what I labelled as First target is the first very big resistance level that i can see. To the the truth i do not use too much precise target I do partially close of the positions, trailing stop..

After that the position is risk-free and when the market goes is less importat, predict the market is not possibile for me, i only place a general target but that target is not important. Even if is not filled the position will be proffitable any way.

If i entered a good price a simple leave open the position for as much as time is possible..
I am Ready to keep open the position even for months if necessary!

I have a couple of sell euraud opened last year.. there are still open :-)

MaxxAstral Lacunoide
Yes its more clear now.
Lacunoide MaxxAstral
right now i really love to go against the euro againt all the pairs.
the Deposit facility is − 0.20 %
Main refinancing operations (fixed rate) is 0.05 %

It is easy money.. the interest rate is so low the long term you only need to wait....
with such low rate it is only a matter of time before the euro crashes even more.
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