EURAUD - next consolidation wave down
EURAUD from 2008 -2012 has a major wave down.
Since then in consolidation in an ascending wedge.
Possibly wave c has recently completed , and the EURO may be about to descend in the 4th d wave.
It would not be unreasonable for price to correct to the 200 MAV ( and the .382 fib retracement) at around 1.52
The suggested trade idea for a short is on chart......
Since then in consolidation in an ascending wedge.
Possibly wave c has recently completed , and the EURO may be about to descend in the 4th d wave.
It would not be unreasonable for price to correct to the 200 MAV ( and the .382 fib retracement) at around 1.52
The suggested trade idea for a short is on chart......
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.
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.