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ccerezo11

CORRECTIVE STRUCTURE IN EURAUD - 1H CHART

Short
Euro / Australian Dollar (FX_IDC:EURAUD)  
ccerezo11 Updated   
FX_IDC:EURAUD   Euro / Australian Dollar
EURAUD euraudshort euraudanalysis euraudbreakout breakout correctivestructure Wave Analysis palmtradersfx sellsetup
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euraud euraudshort euraudanalysis euraudbreakout breakout correctivestructure waveanalysis palmtradersfx sellsetup
Hey guys,

We had a big impulse down and now analyzing the corrective structure.

I've used help of a harmonic pattern; however, we need to get the final confirmations to sell.

I would wait for the market to brake trendline and then look for a flag to sell.

Carlos
Trade closed: target reached:
Market broke the downtrend consolidation and we hit stoploss to brake even so we are out of the trade with 20 pips in profit. Now we may look into patterns like buy set ups.
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