Weekly Forecast EUR/AUD (Corrective Short)

On the higher timescale this pair look long but price has spiked up to our first target and is now correcting as expected. I imagine price will come down in a corrective fashion until it reaches the trend line. From there I'll be looking for more upward movement. Let's see how it develops over the next week or so.

I'll update my ideas as they develop
First rule of trading - Protect your capital

Anyone trying to learn Elliott Wave Theory can find a FREE comprehensive Building Blocks video course on my website. See my profile for the link.

You can also follow updates via twitter (link from my TV profile)

Always wait for an entry set up before risking your money.

This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck
Steve Nixon - logicfxtrading

Comentário: