supply zone: 1.6690 & primary supply zone: 1.6740, stop loss: 1.6780, target: 1.65900
EURAUD Long Setup Continuation trade: 👉🏻 Very similar concept to GOLD as posted here . We are in the most impulsive Wave-3 now and next target after breaking the 1.618 Fib Extension is, by theory will lead to 2.618 level of 1.64195. Overall price is also making series of HH and LH, press sell with this kind of structure??
EURAUD Long Setup Continuation trade: Before: Running: 1st target: 1.60000 👉🏻 Price broke out of a consolidating triangle pattern and is also forming a Wave-iii. This could be price very much higher.
EURAUD Long Setup This pair has a potential to rise another 90-100 pips to complete the first wave of the Elliot Wave Theory, before dropping a 200 pips to form the major Wave-2. After that is another potential rise to 1.59000-1.60000 area (~+500 pips) or higher for a 3rd impulsive wave
EURAUD Long Setup A shift of momentum could be seen to retest the broken structure
EURAUD Short Setup Completing the 5th and final wave.