EURAUD Weekend Technical Chart Analysis on Weekly timeframe
Honestly, I don't like when somebody posts the chart with trade idea in positive zone, but it's not a new idea, just an update of my previous with the same entry zone, it's fair.
At this chart I combine classical technical analysis and Elliott Wave analysis with clear 5-wave pattern in diagonal triangle. Also I have an answer for those, who will ask me about overlapping Wave i and iv on my chart.
- Diagonal triangles are the only five-wave structures in the direction of the main trend within which wave four almost always moves into the
price territory of (i.e., overlaps) wave one.
On updated chart you can find nicely and sharply broken uptrend line, so looks like nothing could interrupt bear's profit.
Here you can find my previous EURAUD analysis which is still valid and I'm participating in this long term move.
At this chart I combine classical technical analysis and Elliott Wave analysis with clear 5-wave pattern in diagonal triangle. Also I have an answer for those, who will ask me about overlapping Wave i and iv on my chart.
- Diagonal triangles are the only five-wave structures in the direction of the main trend within which wave four almost always moves into the
price territory of (i.e., overlaps) wave one.
On updated chart you can find nicely and sharply broken uptrend line, so looks like nothing could interrupt bear's profit.
Here you can find my previous EURAUD analysis which is still valid and I'm participating in this long term move.
Comment:
Drop like a knife, and make money like a printer