leszekstanislaw
Short

EURAUD D, short then long (Cypher on horizon)

FX:EURAUD   Euro / Australian Dollar
My idea is based on

  • Grey boxes are kind of AB=CD which is complete, so this is rather good signal for short here.
  • Additional odd is confluence with 1.618 fibonacci level.
  • Another odd is potential Cypher harmonic pattern (brown) to be complete, and - when completed - long from D point.
  • Orange is potential butterfly harmonic pattern , but do not believe it is possible for price to go so far...
And long seems still being valid idea... :-)
Reply
Thanks for linking my idea here. Appreciate it a lot. Good luck on this trade. Im not trading it as i have an opened AU long.
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