traderWgun
Long

Initial correction is complete

FX:EURAUD   Euro Fx/Australian Dollar
272 4 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:

snapshot

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
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
EURAUD: Trade MACD Divergence @ end of wave
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.
snapshot


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