EURAUD

6 juil. 2017

Hi there fellow traders, after a 5 wave pattern to the upside on EURAUD, we might see an ABC move to the downside. Price is moving into our 78.6% fib area which is also a 127.2% extension from Leg B to Leg A, and looking at our previous market structure, we see that there are rejections at that level. This whole market structure forms a bearish Gartley. If market is to drop at that level, I believe it will head down to 1.49420.

12 juil. 2017

Ordre annulé

Sell was canceled since price failed to meet my preferred entry level.