Fxprotrader

EURAUD@ Nice Long Setup

FX:EURAUD   Euro Fx/Australian Dollar
It's been a month since EURAUD             is in a corrective structure with price moving in a nice horizontal channel. Watching closely to the chart we can see that price needs a small sell off, to complete a triple three WXYXZ pattern. At that point we see a pending bullish gartley pattern which will trigger our long position for this pair.

As for profit targets the top of the channel should be our first one but i strongly believe that price will break the resistance of the channel and head north.

Like & comment..!
Good luck,
John.
nice ...
+1 Reply
Took off early!
Reply
Yes, it looks like.. But that's the beauty of harmonics... You wait the price to come to you. You don't have to chase it.
+1 Reply
KVE Fxprotrader
Indeed, better safe than sorry!
+1 Reply
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