Traders, EURAUD is still in correction, ending soon, watch to buy the next rally. -If price breaks down the level now (1.46260) possible target for a reversal is close to (1.44715) completing a ZigZag pattern, also where the Golden Ratio 61.8 FIb retracement of 1-3 impulse is. -If price bounce from the level now (1.46260) watch for buy setups, Positive Divergence(+) also in place, a strong indication for an uptrend continuation.
Profit target is close to (1.56460) previous top, where the 61.8 extension ends.
Trade with discipline Best
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Price has bounced from 1.44715, looking for possible start of 5th (circle) impulsive wave, or a bigger corrective structure
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Long the next wave, watch price action after completing
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Check here the bigger picture, you shouldn't miss the next impulsive move up.
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Got the next leg up at 1.49800(+/-) We don't know yet if that the end of correction. Watch for possible 5 wave sequence, breaking previous high at 1.50747
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New idea uploaded giving more emphasis on the corrective structure.
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Still looking for one more leg down to complete the 4th wave correction
Hello ChrisMark , For me you are one of the best trader ;i love your way of trading :)
I want to ask you if you think that EUR/AUD can do another wave down to complete (WXYXZ) before the BIG wave UP , or you think that it completed the correction waves (ABC)
ChrisMark
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Hi @yoz, thank you very much. We don't know yet if that's the end of correction. Watch if price breaks previous high at 1.50747 with a 5-wave sequence. If not and it remains an abc structure, getting any pullback from the level now 1.49800(+/-), one more drop is possible
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Nice work
ChrisMark
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@igpromotings, Thank you mate.
tirexrexsas
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Hi@ChrisMark, on chart we see HH 5226>LH1 5073 and now >LH2 4965 ....next >start correction ....may be ew4 down dont complete ABCD > E down > next > ew 5 upward for 5610 (ew1+ew3)*0,618.....GL
tirexrexsas
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var.2 > if LH2 =X >next> w x y down (4418) or deeper .... any waiting corr. EUR USD till >1,1118 for ew IV down GL
PatilsMoneytree
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you are amazing
Victor.Y.F
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Hi ChrisMark! Here we are now... the cycle is completed?
I want to ask you if you think that EUR/AUD can do another wave down to complete (WXYXZ) before the BIG wave UP , or you think that it completed the correction waves (ABC)