traderWgun
Long

Initial correction is complete

FX:EURAUD   Euro / Australian Dollar
284 views
6
We have now completed three waves in a corrective flat pattern of the late August highs,
and have now started a bullish movement.

We could see a correction that generates a bearish reaction:
a wave X followed by another zigzag to the downside:


Or the uptrend could resume to take out the late August highs.
For now, I´m long against 1.5390 and looking to move stops to break even
if we get above 1.5920

Stay tuned for more update regarding the EURAUD .

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Good luck!
Trade closed: stop reached

Comments

thank you for your chart..
+1 Reply
Do you look for bull again ? I try to buy 2 times but not successful. Here is my follow up
Reply
URIFX URIFX
Reply
Hello. From an EW prespective, there is many diffrent possibilities at the moment.
But as 1.472 holds we could see more a break to the upside.
We need to break 1.625 for bullish confirmation.


We have wait and see what happens. Good luck!
Reply
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