EURAUD - 4hr Timeframe - In a correction - Update on Short Opps.
Following our weekly timeframe overview (www.tradingview.com/...dable-Sideways-Move/), we are gladly noticing that the
EURAUD
pair is developing a nice ABC correction in the smaller timeframes (4hr and 60min). This is good news for all those who have not yet taken short positions from areas above, such as the break of the main weekly trend. From this moment onwards, we will be looking for sell setups only on this pair. Let us remind all traders that if we are within the impulsive C wave of the big weekly correction already, our target sits in the 1.33 - 1.35 area, making this one of the great trade movements of the year. Most certainly a trade not to be missed, therefore. Monitor price action closely: this 4hr correction could be in it's very final stages, because the minor ABC could be a running flat type pattern, as opposed to a regular or irregular (expanding) flat (dotted pink line, with a higher "C").
From this moment onwards, in any case, we will be looking for sell patterns, managing our positions accordingly. Updates on this and smaller timeframes will follow.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
EURAUD
pair is developing a nice ABC correction in the smaller timeframes (4hr and 60min). This is good news for all those who have not yet taken short positions from areas above, such as the break of the main weekly trend. From this moment onwards, we will be looking for sell setups only on this pair. Let us remind all traders that if we are within the impulsive C wave of the big weekly correction already, our target sits in the 1.33 - 1.35 area, making this one of the great trade movements of the year. Most certainly a trade not to be missed, therefore. Monitor price action closely: this 4hr correction could be in it's very final stages, because the minor ABC could be a running flat type pattern, as opposed to a regular or irregular (expanding) flat (dotted pink line, with a higher "C"). From this moment onwards, in any case, we will be looking for sell patterns, managing our positions accordingly. Updates on this and smaller timeframes will follow.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
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