TimStuyts

EURAUD 1st buy, then sell

FX:EURAUD   Euro Fx/Australian Dollar
261 0 5
For my previous post EURAUD             see below:

EURAUD another clear great BUY trade


The EURAUD             moved impulsively lower for what has currently be counted as either a wave A or wave 1. This is however not relevant for short term trading opportunities. If the bottom is in place for this leg I anticipate a consolidation towards ideal target zone 1.57 for either a wave B or 2.

If this happens to be correct we should be able to spot a corrective pattern that will present another trading opportunity by means of a sell trade towards 1.46.

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Comment: Watch the break for that move higher.

snapshot
Comment: Watch for the following clues before selling/buying.
I prefer a deeper bullish corretion first before the sell trade.

snapshot
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