Refer to IvanLabrie's coverage on this setup linked below. While this chart uses different tools, the same conclusion is reached. EURAUD (and EURNZD) are great buys setting up now.
Like/share thoughts below!
Kommentarer
workingtraders
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Nice chart :) What alludes you that eur fundamentals will over power AUD. AUD rate cuts have been priced in and with those off the table and iron ore expansion. Why would aud not strengthen more vs EUR.
I apologize in advance if my comment seems aggressive. Not my intention.
Nick_C_
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Because fundamentals are silly to me; merely representing potential volatility events as we could never know (outside of price observation) how people with more money than us are viewing the data. Thanks for the comment!
IvanLabrie
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This is an intense, potentially homerun setup!
Watching it closely.
SharifAzadeh
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Hi mate. Would you please explain the reason of massive overlapping between waves 1 and 4?
I apologize in advance if my comment seems aggressive. Not my intention.