FullTimeTrader
Short

EURAUD-short term trade-convergence+correction

FX:EURAUD   Euro / Australian Dollar
358 4 8
After a five wave impulse the price is making a correction, we have the first convergence shown on the chart.
Usually price retraces 0.61 or less before continuing the correction.
Target are the 1.27 and 1.61 fib projections.
Best regards
Looks good.
Reply
FullTimeTrader IvanLabrie
Yes, im backtesting some setups, will not try to catch reversals from the beginning (like GBPAUD), this setup is more conservative because the price broke previous level and is making a retracement.
+1 Reply
IvanLabrie FullTimeTrader
That's what I usually do.
Reply
I am short EUR/AUD any short term reversals/pullback is possible for this weak
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out