Freedom_CN

Up after correction

Long
FX:EURAUD   Euro / Australian Dollar
After the euraud harmonic is stepped back, if it does not fall below the bottom again, it will definitely reverse, just like USDJPY and USDCHF. Weekly MACD bottom deviation, RSI hit 30, monthly RSI hit 40. In two cases, the first half of the downward trend needs to be relayed, generally up 0.5-0.618 of the whole decline. Second, the whole decline is a correction, which will break the highest point of last year. In either case, it will rise. The first one will increase by about 14% - 18%, and the second one will increase by at least 28.5%. First look at the correction, pay attention to harmonic 0.786-0.886, especially 0.886 is particularly harmonious, stop loss is lower than before.
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