Hi,
As you can see from my chart a pretty rare ABCD move has formed on EURAUD today.
Why do I call it Rare?
Because it's the classic textbook definition of ABCD move.
Wave B has bounced off 61.8% retracement of Wave A and Wave C has moved exactly 1.618 Extension of Wave A.
I've set my own SL and TP for this trade. You set your profit target according to your own strategy.
Have a good day!
As you can see from my chart a pretty rare ABCD move has formed on EURAUD today.
Why do I call it Rare?
Because it's the classic textbook definition of ABCD move.
Wave B has bounced off 61.8% retracement of Wave A and Wave C has moved exactly 1.618 Extension of Wave A.
I've set my own SL and TP for this trade. You set your profit target according to your own strategy.
Have a good day!