EURAUD Elliott Wave Count: Falling Wedge on 4H = Buying Opp.

This pair has completed a potential falling wedge. Until the first bullish is confirmed with a subsequent more powerful bullish impulse, however, it will be considered an aggressive long. I like a small aggressive position near the completion of an A=C zig-zag and a larger position at the conservative confirmation level. Keep in mind, though, that a drop below invalidation will likely mean a hard continued drop. That's what makes this level a great area for a protective stop. Entry will be confirmed with a follow-up idea.

Commentaire:

This pair is entering aggressive PRZ: