EURAUD Short trade
EUR/AUD looks like it has made a clear 5 wave move up from the April low.
I have drawn the 2-4 trend line and when this is extrapolated from wave 3 it catches the top of the move
Wave 4 is 38.2% of the entire impulse which agrees with the fibonacci divider
Wave 5 is also around 38.2% of wave 1-3
I am short from 1.5139 and am looking for 1.4640 as my first target. Eventually I am looking for a move into the 50% retracement at 1.4480. My stop is at 1.5280 just above the wave 5 high
This is how I have labelled the move off the wave 5 high.
I have drawn the 2-4 trend line and when this is extrapolated from wave 3 it catches the top of the move
Wave 4 is 38.2% of the entire impulse which agrees with the fibonacci divider
Wave 5 is also around 38.2% of wave 1-3
I am short from 1.5139 and am looking for 1.4640 as my first target. Eventually I am looking for a move into the 50% retracement at 1.4480. My stop is at 1.5280 just above the wave 5 high
This is how I have labelled the move off the wave 5 high.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.