The EURAUD is in an up trend so buying the break out seems like a nice idea.
Please check all the charts I have published on the pair and you will have a good idea of how wave pattern develops Click the like if you agree with them or add a comment with your views. You active participation is very much welcome as long as you are not trolling.
Looks like 1 and a very complex wave 2 to me. Then start of 3.
I'm looking to buy back in this week.
Nice chart.
Nick_C_
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I agree, this one will pay off nicely to the long side!
oleg.golubovich
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Completely agree. This pattern will be invalid only if it goes below 1.44 IMO
YuzukiChan
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It's valid until 1.42.
catabondu
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Can you explain how you count your waves to obtain 1.42? On my chart it looks like 1.44 is the point where the elliot rules are broken not 1.42
Thanks
YuzukiChan
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Just a possibility.
taniab
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up move?
catabondu
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On my chart is a very nice bat and 5 elliot who is at final. So it looks like is better to wait for a correction. I know you have your method of counting waves so I will be happy if you have time to tell me what you think.
tradingview.com/chart/ouiyDcNy/
I'm looking to buy back in this week.
Nice chart.