EUR/AUD - READY FOR A SELL

The pair just completed 5 impulse waves and the Wave A and B of a Flat ABC correction in my opinion, therefore I'll be shorting this pair to the bottom as displayed on the chart. As further confirmation the pair formed a gravestone doji at the top of the Flat correction.

Implement your own due diligence before executing a trade.

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Kommentera:

Possibly looking into a running flat? ..we can see that wave b can be broken down into 5 waves instead of 3 (a flat goes by a 3-3-5 formation) so that makes me think that we could be coming across a running flat. Only time will tell