This is one of the pairs that i will been watching this week. I have put as much detail as i can on the chart- and believe my idea to be really simple.
Feel free to critique and correct any faults, as I'm still very much learning the markets.
Possible Long Position on EURAUD.
I have I have a short term buy projection (XABCD-red), with a somewhat in complete medium to long term sell projection (xabcd-blue incomplete). My targets short term (immediate) targets would ideally be the retracement of CD: Fib levels 0.38, 0.50, and 0.618.
The long term is ...
Not too sure about this one. Am i forcing the trade?
Bearish ABCD Formation. Sell at D, Proposed targets to be Fib retracement of CD: 0.318, 0.50 and .618.
*Please don't follow my trades blindly- I'm a rookie. Feedback welcome.
Hi. (please don't crucify me- I've been learning on my own for 3months). This is what i believe to be a very good xabcd bearish harmonic pattern. Points B and C are based on the 50 and 61.8 Fib levels. There is also a perfect ABCD Formation: with AB = CD Relatively spot on. My setup proposes a sell at point D, with ...