motleifaul
Short

Correction not over

FX:EURAUD   Euro Fx/Australian Dollar
48 3 0
It even just begun.
ForceFollower
2 years ago
Quite right. What's your forecast? Do you find it likely to get to the other border of your blue Donchian channel?
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motleifaul
2 years ago
This would be the 50% retracement of the upwart movement since 7th November. I am reluctant to say: Yes, this is the target. But frankly speaking, I'm hoping on this, exactly. The 38.2 retracement however is a support, as it is the former double top of August 2013. So one can consider a first target of around 1.50 and a second at 1.48.
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motleifaul
2 years ago
No, it was the end. It makes no sense to hald it any longer. Stopp loss.
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