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faugortx

EURAUD still going strong

Long
Euro / Australian Dollar (FX_IDC:EURAUD)  
faugortx Updated   
FX_IDC:EURAUD   Euro / Australian Dollar
Fibonacci Multiple Time Frame Analysis Elliott Wave EURAUD euraudlong
1
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fibonacci mtfa elliottwaves euraud euraudlong
On a weekly TF, chart is showing divergence but on the Daily and H4, EURAUD still has momentum up its sleeve.

Looking for a pullback down to 1.272 area to enter a trade with a target going to 2 extension that is also in confluence to the bigger 2.618 of the Daily.

I set an alarm when price is breaking the counter trendline.
Comment:
Counter-trendline triggered hours ago. We'll see if price breaks the 1.605 price area and close below it, invalidating our idea. Otherwise, market will continue to be bullish.
Comment:
The chart from the comment above.

snapshot
Comment:
This idea was invalidated after breaking our .236 area below.

Please see new updated chart for this pair:
EURAUD losing steam, retesting .236 area of the swing

Related Ideas

faugortx
EURAUD losing steam, retesting .236 area of the swing
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