Hello Traders,
Today I will share with you my next vision about EUR/AUD.
First of all, we can see that we have 2 minimums at the same support level, this could look like a possible head and shoulders pattern. I think that next shoulder will be at the Fibo 61.8 level where we have the first shoulders.
To advance a little bit the analysis, I introduce the Elliot waves (blue lines), the first wave finishes at the first support level, the second wave at the second support level.
We have 3 TP targets, enjoy it!
PS: It's just my vision, make your own actions! Peace!
Today I will share with you my next vision about EUR/AUD.
First of all, we can see that we have 2 minimums at the same support level, this could look like a possible head and shoulders pattern. I think that next shoulder will be at the Fibo 61.8 level where we have the first shoulders.
To advance a little bit the analysis, I introduce the Elliot waves (blue lines), the first wave finishes at the first support level, the second wave at the second support level.
We have 3 TP targets, enjoy it!
PS: It's just my vision, make your own actions! Peace!