EURAUD is pushing lower slowly. Watch bottom on lower time frame for price action for long. Currently it is pushing down slowly wait for the sharp move on lower time frame and go long.
In case price keeps pushing lower sharply and break the bottom clearly then it will change the buy setup. Then we will watch for the change in pattern formation before...
A unified gartley is about to complete on AUDUSD. The swing identification algorithm is prex(12) on 30M timframe. I switch the timeframe to 60M because TV preffers higher timeframes.
Historically, on this pair and this timeframe (30M), the pattern with this swing identification and with these ratios (B-point is 0.463 and C-point is 0.793) has a higher...
This is referencing to ALEAFIA'S ZIGZIG (5-3-5) Correction
***Disclaimer: 'The above references an opinion and is for information purposes only. It is not intended to be investment advice or Financial Advice'
EURAUD continues to fail to break below the key quarterly lows suggesting we could see a bounce back
towards the key lows at 1.5900. Typically, when we see this 'tennis ball' effect, where the market tests
the market lows multiple times in a short time, we see a rejection. We could look to long this market
with stops below the key daily lows.
EURAUD is at a good spot where we can see nice bearish wave. I have post AUDUSD long and EURAUD short. So if you are looking to trade on these two pairs at the same time then make sure you dont trade against your own trades. We are bullish on AUDUSD and bearish on EURAUD. We are longer term bullish on AUD.
Lets come to the point.
How you can trade...
The table above describes all possible pattern variations: harmonic gartleys, advanced gartleys, pesavento gartleys, harmonic bats, advanced bat and UG. If you look closer, the range of ratios covers everything.
Now, let's go into some details...
In this test the patterns were found and drawn by MPS. The algorithm of swing identification was set to...