Formation of 5th wave, watch to see if plays out, once formed enter once price falls through projection of line 1-3 for target at 50% fib
Emerging 5th wave in preparation for a short position.
A Bearish WW projecting a short move to Target 142.63
Aggressive Entry @ 32.00 with STOP @ 31.00 Conservative Entry @ 37.00 with STOP @ 35.00 Target @ 47.00 Time-frame: Hold for 2/3 Months.
A Wolfe Wave has formed on the EUR/AUD Daily chart. The current price has moved to the projected line of 1 through 4 falling back into the entry zone nicely. Look to enter the trade when price falls to the 127% retracement of point 3 to 2 @ 1.56191 with a stop of 1.57955 and a conservative target of 1.47372. Presenting an opportunity with a Risk/Reward ratio of...