EURAUD-AB=CD pattern at long term support

FX:EURAUD   Euro Fx/Australian Dollar
612 9 8
This pair is making a correction in the form of AB=CD
Details on chart.
IvanLabrie PRO
2 years ago
That engulfing candle confirms this setup.
FullTimeTrader IvanLabrie
2 years ago
Yes, sometimes the candlestick patterns a usefull. According to EW this is an ABC correction
+1 Reply
IvanLabrie PRO FullTimeTrader
2 years ago
Yes, a complex one, larger TF looks like a flat but might WXY.
Either way, it looks complete now.
Price is back at a strong level, but meeds to move higher to be able to accelerate: