Possible long idea on EURAUD.
We could currently be at the end of Wave B within a Wave 4 corrective pattern. (Wave 2 was a Flat pattern patttern, so the alternation rule make it a zigzag for wave 4)
Wave A would be a Leading diagonal with a deep Zigzag correction as Wave B.
As we can see see on the chart. Wave C of wave B is an ending diagonal that is 1,618% the lenght of Wave A.
The end of Wave C to complete the Wave 4 pattern should be above the end of Wave 1.
This idea is valid unless the market goes lower than the previous low at 1,55942.
*This is not any trading advice, only my own opinion about the market*
We could currently be at the end of Wave B within a Wave 4 corrective pattern. (Wave 2 was a Flat pattern patttern, so the alternation rule make it a zigzag for wave 4)
Wave A would be a Leading diagonal with a deep Zigzag correction as Wave B.
As we can see see on the chart. Wave C of wave B is an ending diagonal that is 1,618% the lenght of Wave A.
The end of Wave C to complete the Wave 4 pattern should be above the end of Wave 1.
This idea is valid unless the market goes lower than the previous low at 1,55942.
*This is not any trading advice, only my own opinion about the market*
İşlem elle kapatılmış
Will be waiting on better price action. Or end of Wave 2.İşlem aktif
Not
Here are some details about what is going on:End of Wave 2 (Wave 1 was an ending diagonal)
*If EURAUD goes under 1.56150, the setup isn't valid anymore*
Not
EURAUD seem to be doing another Wave 1 and 2 on lower timeframe. It means that the push should be very good if the market doesn't break below 1,56150.
*I know that on some broker yesterday at the market open there have been a liquidity trap but if you are looking on OANDA the analysis is still valid.*
Not
Final possible scenario for this analysis to be valid:İşlem kapandı: durdurma seviyesi
New idea posted with a new Eliott Count!
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.