EURAUD - Monster Move
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Hey traders,
EURAUD has been moving correctively for almost one year. According to Elliot Waves, the type of correction that has made is an irregular flat correction that consists of 3 waves:
Wave A= 3 waves
Wave B =3 waves
Wave C = 5 waves
Wave C is an ending diagonal = Reversal will happen. In addition to that, we are seeing nice divergence which indicates price is going to reverse soon.
LONG Setup:
- Watch break of 4H 50 EMA for entry
- Stoploss : Below 0.382 fib
- Targets: 1.70 ( 900 pips ) and 1.78 ( 1700 pips )
Check 4H chart for entry
Goodluck and trade safe!
EURAUD has been moving correctively for almost one year. According to Elliot Waves, the type of correction that has made is an irregular flat correction that consists of 3 waves:
Wave A= 3 waves
Wave B =3 waves
Wave C = 5 waves
Wave C is an ending diagonal = Reversal will happen. In addition to that, we are seeing nice divergence which indicates price is going to reverse soon.
LONG Setup:
- Watch break of 4H 50 EMA for entry
- Stoploss : Below 0.382 fib
- Targets: 1.70 ( 900 pips ) and 1.78 ( 1700 pips )
Check 4H chart for entry
Goodluck and trade safe!
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