Balazs
Long

Double, Double, Double?

FX:EURAUD   Euro Fx/Australian Dollar
40 0 3
6 months ago
Seeing some nice double tops and bottoms near the higher time frame trend lines. Will we see another double bottom and complete 2618 confirmation for a BUY? If so, wait for the 618 retrace for entry.
5 months ago
Comment: Been waiting on this one for a while now but it's developing nicely so far. We have a great double bottom (DB) right on the lower trend line and planning to get in around the 618 retracement level or better. The BUY would be with the overall larger TF trend which is a great case for entry, and furthermore the previous double top (DT) coincides with the following DB in that it is "pushing" it down towards our lower expected entry. Perhaps we'll get there by the last week of June.

We're looking for extended targets (see below).

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