jojofang0901
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EURAUD SHORT SETUP

FX_IDC:EURAUD   欧元/澳元
Hello:

Havent post for a while as I was on a long vacation, now I am back at the charts doing what I love to do.

When we look at this 1 hr             chart on EURAUD             , we see a nice break down from the triangle pattern confirming a bearish trend reversal.

Now I am waiting for a nice pullback or a flag to short it down to 61.80% fibs.

Thanks everyone

JoJo
japp.. wait for break of the flag.
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ernstschwarz ernstschwarz
@ernstschwarz, on the other hand. what kind of wicked pattern is the reversal pattern i circled in green? looks pretty incomplete to me, doesnt it?
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jojofang0901 ernstschwarz
@ernstschwarz, It can be viewed as a slanted head and shoulder pattern
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ernstschwarz jojofang0901
@jojofang0901, obviously. yes. but from a more wave pattern point of view this makes not much sense in this case. but i might be wrong.
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ernstschwarz ernstschwarz
@ernstschwarz, this makes more sense to my eyes


thanks for your info and oppinion on that.
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jojofang0901 ernstschwarz
@ernstschwarz, Yea on 1 hr that could be the case. I also taken consideration of daily and weekly and other time frames a well. For daily and weekly since it has been going up fast, it needs a deeper pullback before continue going up more.
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ernstschwarz jojofang0901
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