Traine

EURAUD Harmonic analysis

Short
FX:EURAUD   Euro / Dollar Australien
overall ascending channel, currently in descending channel , 2 areas of structure was broken with a retest confirming change of trend(within overall bullish structure) will be using candlestick analysis enter in on a short to the D point of the Cypher. At the D point will also use candle stick analysis to enter a buy position to at least 38.2 TP level. On the Daily it appears we are only in a pullback from the bullish impulse leg. From the 78.6 completion of this harmonic, we can see significant upside which equals pips for days!!!!!



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