FX:EURAUD   Euro Fx/Australian Dollar
1811 9 150
As seen in these 3 charts there is a strong argument for one more leg down on the AUDUSD             .
If the AUDUSD             breakout of trend selling the EURAUD             and GBPAUD             would be a great idea.

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Do you see any sign of weekness on AUD ?
+1 Reply
This up move looks like a 3 wave correction, but i guess we will see what it does very soon, If it breaks we will buy if it bounce we will sell!
+2 Reply
IvanLabrie PRO anilmangal
It can also be a wave 3, timing is correct for a trending impulse.
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IvanLabrie PRO IvanLabrie
(talking audusd, the others do look corrective)
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Oh you're so good Anil.
I wish I had your skill my friend:)
I try hard with learning, and to be fair, I do learn something everyday.
Have a great weekend Anil.
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Thank you , and you can learn it if you take my training course .
+3 Reply
Perfect
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Hey Anil, just trying to figure this out, you're saying GBPAUD will have a slight recovery, then fall (ie AUD gets stronger once more), then AUD will weaken significantly? If I'm reading it correctly it doesn't seem to line up with the AUDUSD chart, which would suggest AUD will weaken but then get stronger? I take it that when these trend lines come into play on multiple currency pairs it's a sign that some reversal is likely? Although we could draw trend lines every day and come up with a possible reversal, but doesn't mean it will?
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there are divergence in audusd....hoho
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