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FX:EURAUD   Euro / Australian Dollar
285 4 0
Short the cypher .
No break above previous swing high and with aussi strengthening over dollar we could enjoy a nice downshift in lower gears with Euro
Nice Analysis. Agree with your view
It will be interesting to see if the impulsive nature of the move from C to D reverses. Have you done any study/testing for profitable trades when the A to C leg comes up short of the 1.272 fib of the X to A. The TrdVw platform is a bit misleading
on cyphers as the 1.415 shown is measuring from A to B extension not X to A? And the .786 is also A to B extension not C to X.
(I've had horrid results when the 1.272 comes up short which is why I ask)
fximperija dojitrader
I use TV just for charting, to get a wider picture, 'cause my MT5 is crap for charting. Yes, u r right about patterns, when I measure with fib tool there si a gap between fib tool and pattern tool. I would say bad coding.
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