FX:EURAUD   Euro / Australian Dollar
In the analysis, I put together three strategies. Usually I use 3-4 concurrent strategies. The green line is a wave strategy, the white line is the ATR strategy, and the yellow rectangles are the fractal strategy. I do not like to omit all three strategies in the figure because it drives attention to the actual exchange rate movement. However, because of this explanation, I left it inside. The following are in the movement of EURAUD. Fractals 1-1A, 2-2A. And the role of green wave motion and white ATR axis resistance. It is also apparent in my analysis that the 1-1A fractals are well formed. However, this is not the case for the 2-2A fractal. The fractal 2A is "broken in half". This predicts that the 2 fractals will no longer be repeated. In this case, the exchange rate may rise. The primary goal of the rise is 1.6315

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.