I'll keep it short and sweet since I'm on holidays
This is a Setup 1 into Wave 5 up on the 4 hour chart of this EUR/AUD pair.
We see a sharp move up on the d1 followed by a correction. One could argue that it moved up a bit climactic and probably late in to the trend
But still, It has printed a confirmation candle on the D1 chart. Could we at least see it move back to the peak of wave 3?
The orange shaded area shows previous price highs , pivots, swings, (box highs) holding the price turning into a support.
I have a buy signal on this, and I'm taking it. What about you?
This is a Setup 1 into Wave 5 up on the 4 hour chart of this EUR/AUD pair.
We see a sharp move up on the d1 followed by a correction. One could argue that it moved up a bit climactic and probably late in to the trend
But still, It has printed a confirmation candle on the D1 chart. Could we at least see it move back to the peak of wave 3?
The orange shaded area shows previous price highs , pivots, swings, (box highs) holding the price turning into a support.
I have a buy signal on this, and I'm taking it. What about you?
Trade closed: stop reached:
Well that did not work out. NEXT