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JVS_Signals

EURAUD Short Scenario

Short
Euro / Australian Dollar (FX:EURAUD)  
JVS_Signals  
FX:EURAUD   Euro / Australian Dollar
Elliott Wave Supply and Demand Fibonacci EURAUD euraudshort euraudanalysis euraudsell euraudtrade euraudsetup euraudsignal euraudbearish elliotwaveanalysis
8
1
elliottwaves supplyanddemand fibonacci euraud euraudshort euraudanalysis euraudsell euraudtrade euraudsetup euraudsignal euraudbearish elliotwaveanalysis
  • Entry - In the supply zone
  • Target - 1.45680
  • Invalidation - 1.48820
  • Risk to reward ratio - 8

    Technical confirmations
  • Full cycle of Elliot wave impulsive part is done and now the corrective part(ABC) needs to be finished towards C. Price has reached the supply zone forming the B wave.

    Technical confirmations
  • Unemployment report in Australia comes on Thursday. The market consensus stands at 35.0 thousand for August, which would be a huge rebound after the -40.9 thousand reading in July.
  • Australian GDP grew by 0.2 percent in Q2 2022, from 0.7 to 0.9.
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