Elliottician
Long

Elliott Wave Analysis of EURAUD Daily Chart

FX:EURAUD   Euro Fx/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!
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out