It seems that we have a good opportunity to SHORT the Eur/Aud pair on breakout of structure on a 1 Hour chart. My Elliott wave analysis also shows a SHORT position to trade Wave C on the Minor time period (Hourly) as well. Although RSI shows mid level, Stochastic shows a high probability of a SHORT also. MACD indicates a potential down move also, where the moving averages is dead center, after an up move (meaning down move is highly probable).
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan... and IF in doubt, stay out.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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Comentário:
Proceeding nicely, however just updated the TP after some price action giving me more information:
