Regular-Flat complete abc, look for downside.
Traders, EURAUD is in correction since 01.06.2017, and this is an attempt to identify the patterns in order to understand the bigger corrective structure of the 4th (4 circle) corrective wave. We need some more info which would make the analysis more accurate but taking some standards into account, we can build a trading plan. Looking inside at the potential...
Traders, EURGBP has been in Weekly correction since 07-10-2016 by the end of 5) impulsive wave. Looking for bigger WXY ZigZag 5-3-5 structure 1- W impulsive wave ( 5 wave structure) 2- X corrective wave (3 wave structure) possible Regular Flat (A-B-C circle) 3- Sell the next Y impulsive wave Watch for short opportunity after a break of the daily trendline,...
This pair appears to be nearing or has already finished a sequence to the upside that may finalize an upward double correction. We'll use the grey trend line break to determine a short term top is in place then consider short trades back down towards .69. So this is a break out trade and risk can be set just above the swing high. Longer term charts (not shown)...
EURUSD continues to carve a sequence of 3 wave moves. The pattern since mid-July shows an equal wave zig zag followed by a flat correction. Nothing earth shattering from a trading perspective as indicators are mixed which supports the idea we are stuck in a correction of which we are currently in the middle. Look for extreme edges of the range to consider...