EURAUD Analysis 16June2023I see a diamond pattern in the SnD area. then above the diamond pattern there is liquidity, the biggest possibility is that the price will rebound until above the liquidity area.
Euraudelliot
EURAUD Long? Say it Ain't so Bro! Shorts okay tooThe crowd says short, short short. Well let's look at this. In the mid term we have to be long. Price has TOUCHED THE TWO YEAR LOW. Two days ago we had a bull Sash candle complete. Connors RSI indicates oversold. TSI moving up. We see an Elliot Wave count indicating wave 3 has completed. Finally, we have a bullish XABCD pattern that has completed indicating a reversal. I am long with the first target being the B pt of the pattern - 1.405 Greedier target would be the last high - C pt @ 1.429. For those looking to short....these would be good targets for your sell limit orders... If my Elliot count is correct, price can go no higher than 1.44460. For longs you got a nice tight stop just below the D point which has confluence with the tow year low, and the low of the bear sash candle. For shorts, similar tight stop just above point C.
