TRADING SUGGESTION: Now we looking to the market got rejection at the trend line, enter the buy trade.GOOD LUCK . . . . TAKE A TRADE,SIT BACK AND RELAX LIKE AND SHARE
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.5694). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURAUD is in a downtrend, and the continuation of the downtrend is expected. . The price is above the 21-Day WEMA, which acts...
on a structure wait for some breakout and get into get a nice profit.
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.5802). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURAUD is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts...
Perfect formation of Elliott wave theory.
This EURAUD chart is forming Elliott wave theory. If you see wave 1 is smaller than wave 2 and wave 3 is smaller than wave 4. Also, wave 3 exceeds peak of wave 1. All this fulfills wave theory pattern.
IT SHOULD BREAK THE PREVIOUS STRUCTURE, AND TAKE OUT ALL THE WRONG SIDE MARKETERS AND GO ON......
Hello traders, Wave 4 has probably ended at 1.58514. Wave 5 is supposed to materialise towards the support zone at 1.51680. Thanks.
After retest zone you can Buy