EURAUD is making a 240 corrective structure. Currently it is in an up trend and it broke the lower degree structure but be careful at this point. It may come back for one more down. We have divergence. if it makes a flag outside the trend then look for more upside otherwise wait for a breakout of up trend and flag for sells.. This may start making a bigger structure let it confirm first.. Keep an eye on it Thanks Keep following and support
@Zohaib_Malik, Another Short is waiting for you on EUR NZD , you did not update that . My Target is 1.6180 till 1.5080 , My best wishes are with you .
lemezohaib
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@mazchaudhry, Currently it broke the daily top so I am not seeing any downside yet. It is still going up. So not a good idea to short it
Elliot_Wave_Reloaded
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@Zohaib_Malik, wait for few days , It is just forming it's shape . Will get down soon . NZD USD is currently had not ended up it's down trend , Let the NZD as a single currency make itself bit stronger , Eur NZD will fall like coconut .
@patricklty92, It will happen , I trade with Elliot wave theory . as per wave count I would like wait for a break out and I will be short on this pair .
patricklty92
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@mazchaudhry, trade your plan , plan your trade. Good luck shorting this pair with 80% of the retailers :)