IvanLabrie
Long

EURAUD: Go long during wave C

FX:EURAUD   Euro / Australian Dollar
The chart is clear, EURAUD             is in an uptrend after completing wave B of a an apparent ZIGZAG correction, which fits the fundamental landscape surrounding the gold             and RBA situation, as well as Tim West's time at mode methodology.
Buy now with a 2 atr stop, target is lofty but achievable in this timeframe.
I'll post scale in opportunities.
Good luck!
Comment: Target should be hit by the end of the year.
Still waiting...
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Looks like we've seen A of 5 down, part of the ending diagonal triangle in my chart.
I'm not sure the labeling is correct, but I'd like to sell the retracement that will happen now.
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This is extremely optimistic probably, but it's looking really bullish as of late. Watching for a second entry.
+1 Reply
HiTech PRO IvanLabrie
Interesting, I am preparing my idea right now, here is the outlook
snapshot
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Strong accumulation base makes suspect a bull move.
snapshot
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Stop already at break even.
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snapshot


Current EW interpretation, for what it's worth.
I expect a bullish swing completion for the time being.
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snapshot


If long, I'd suggest closing partially at the top wedge trendline.
If not long, maybe waiting is in order.
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