stephen11_11

EURAUD Buy short term

Panjang
FX:EURAUD   Euro / Dolar Australia
As we can see on the 4 hour time frame EURAUD is looking to start a slowish move in corrective nature towards the outer structure drawn on this would indicate that we could see some buy potential back up for one more touch of the outer structure we need to look for this to correct all the way back to the structure drawn then put risk entry with 30-35pip stop loss and with the first structure as target one and then the bigger double top as target two and then the outer structure for target three, we must bear in mind this doesn't need to go up as we have come from an impulse to correction and we could complete to downside from here but in my opinion this is unlike as we are moving so correctively to the downside we will see one more drive from the bulls before a bigger drop.

Let me know your thoughts guys I am always open to suggestions and always willing to learn from more experienced traders. Happy trading
Penafian

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