EURAUD - 300 Pips Potential Short

Euro Fx/Australian DollarFXCM

Descrizione

⋅ 29 nov 2017 11:00

Price has hit the minimum expectation zone between 1.5546 to 1.5724 area, forming a diagonal structure with divergence formed on the RSI.

These provide us with a good conviction to look for a short trade targeting 1.5250 area, giving us a total of 300 pips potential.

Disclaimer - this is not a trade call. Make sure you understand the risk before trading.

Commenti

tmanuelasorina

⋅ 30 nov 2017 13:25

very good analyse,but can you tell me what are these letters w,x y?

VampLeon

⋅ 30 nov 2017 14:53

@tmanuelasorina, w x y means that we are expecting another wave up. But it might not have that wave up and ended there for reversal. This is my understanding of EW

VampLeon

⋅ 30 nov 2017 03:15

May I know where will be the SL if it continue to make another X, Z?

KarYong

⋅ 30 nov 2017 04:18

@LeonLim, SL can be placed at the recent top. if it breaks the top, we will wait for another setup

VampLeon

⋅ 30 nov 2017 02:06

Still vaild?

KarYong

⋅ 30 nov 2017 02:27

@LeonLim, yes. still valid

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