EURAUD - Start 2025 with a BIG Win!

12 janv.

EURAUD has given us a fantastic opportunity to get in at the very start of a BIG move.

We are currently in an ABC correction. We'e completed waves A and B and now currently in wave C. We're expecting 5 waves from wave C and looks as if we've completed wave 1 and currently in wave 2. We're looking to catch the rest of the move on the break of the trendline.

Trade Idea:
- Safe entry on break of trendline
- Riskier entry within the fibs or anywhere below invalidation
- stops above invalidation
- Targets: 1.6 (700pips), 1.156 (1100pips)
- Taper as we move lower

What do you guys think?

Goodluck and as always, trade safe!

il y a 5 jours

Note

EURAUD 8H Update:

If already in, keep stops above invalidation for now. We'll move it down to breakeven once we start wave 3.

If not in OR would like another entry, watch for completion of this wave 2 correction. We've seen waves A and B. Currently in wave C and expecting price to finish at the 618 fib level