Elliott Wave Analysis of EURAUD Daily Chart

FX:EURAUD   Euro / Australian Dollar
84 1 1
All the counts are based on fibonacci extensions. An alternate wave count may show us that we are in the third of a Cwave which will be validated only if prices reach below 1.3936. Till then maintain a bullish scenario. Right now, the price is at exactly 61.8% retracement from wave (ii) of the previous degree. A buy at this point and a stoploss of 22 pips and take profit at 1.5845 will put the trade at a Risk : Reward ratio of 30: 1 which makes it a great opportunity. As with any other trade, the success rate maybe around 30-35% .
Cheers :)
Looks very good to me!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out