this is in confluence with other CHF pairs such as EURCHF,CADCHF,NZDCHF .
they've all reached my zone of interest after the impulsive move and i have a strong bias on them reversing
FOREXCOM:EURAUD
After a long time daily downtrend its seems that euro want to be strong;
and after reject from a monthly support and trapped in a triangle;
We expect that price go up and reach to the top of the triangle.
In other words,
after the weekly impulse and complete the correction until 0.786 of fibo Retracement,
my expectation is the price will break...
It looks like the corrective intermediate wave is going to end soon. The recent attempt to push prices higher is most likely going to end with a minor C or Minor Y.
-Minor C:
a) The correction takes an A,B,C formation. That would see wave A undone as minute wave 5 is not yet completed and could take C anywhere between 75 and 78.45
b) The correction takes an...
It looks like the corrective minuette wave ii completed or it's going to complete its bearish course near 1.7156/1.7300. The recent attempt to push prices down brought the pair lower where a subminute ,otive wave can be expected. This would add to validation components that could have minuette iii completed. SHould that effectuates, participants could look at the...
Prices are moving in a downtrend after having broken out to the dowside of a descending triangle. After a momentary correction, prices could possibley continue further down, with a final target of around 15 600. However, nothing is guaranteed, so always take your profits earlier if they come.
So the price is making the classic impulse and correction moves again! And the market will obviously try to fake us out by driving the price up closer to the descending trendline, before going in our original intended direction (short). So what i did this time is to give the market enough room to breathe, in the form of a stop loss at 109.074 (above the highs) and...
After a strong impulsive wave down after tagging the 111.00 handle
price has been moving very correctively. Communicating that it's likely
gearing up for the next impulsive wave down.
If price corrects back down and breaks the low I will be looking to get in long for the long haul!
This has huge upside potential long-term.
Trade with care my friends!
Price is setting up nice for the next bullish wave up!
Great RvR on this trade. With BTC technically setting up for a nice
move up it adds a greater level of likelihood for this
one to go favorably as well.
Trade with care my friends :)
