Broke a big horizontal support. Waiting to see if its a false break out or.. to see if again we get that corrective pattern structure for an even bigger move to the downside.
Any questions feel free to comment or drop me a message
Believe that the correction with this pair has put in its first bottom.. just looking for a bit more sideways movement, before another impulse move to the upside.
Any questions feel free to comment or drop me a message
With already being short, I am simply waiting for some sideways movement on a lot of the AUD pairs the beginning of next week.
If a corrective pattern does form and I get a reason to enter I will go short and bring my current positions stop loss to the same place my new one would be.
Any questions feel free to comment or drop me a message
Very similar price action to EURAUD, but due to how strongly the 2 seem to be correlated, I will only be taking the one that seems the best.
Again also aware that it could form a much deeper correction before moving higher
Waiting for a correction of a similar pattern to this, before executing another position to the upside.
I have also taken into account that the correction could also be a lot deeper before moving higher.
Expecting some sort of correction, and hoping for another impulse to the downside as I am already short.
Could get to the bigger TF trendline and move higher. But we will cross that bridge pretty soon
EURZAR has truncation at Elliot's fifth wave and could be start with corrective waves.
A truncated fifth wave, which is a sign of exhaustion in the main trend at next higher degree, is often preceded by an exceptionally strong third wave of the same degree. A truncated fifth wave is often fol- lowed by a swift and sharp reversal.
