EURAUD, 1HR tf, wave-3 extension on process
We're possibly on the process of wave-3 extension. It would be pretty very nice if we could see price retrace around 1.5830-1.5855 area.
If price manage to retrace around 50-61.8 fibonacci retracement level then we will initiate our buy.
Buy EURAUD 1.5830
Stop loss 1.5785
Take profit 1.6030 (4.4R)
Use only 1-2% risk
Good luck
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.