EUR/AUD

Hello peeps. I entered on this long now. 4H chart.

However, the signal candle and the overall position of the price relatively to prior action make this a poor signal, and therefore my position is only 1/2 of normal.

I still expect a decent signal on the daily charts and haven't seen one yet.

Wave count of an Ending Diagonal wave (c) red is still intact, with the potential of terminating under 1.4290 before resuming uptrend.



http://www.forexfactory.com/showthre...23#post8333923

Even if the EURAUD reversed from 1.4400, it is less likely to surpass 1.4500 and could re-test the same support; however, a break of 1.4400 could become considerably negative for the pair.

Hello all. A new long has triggered in my charts. 4h charts.

entered on break of the highs of the circled bar. SL below its lows.

Also near the bottom of the last few days' range.

We may also be near the top of a 2-leg correction in a new downtrend, so will move SL to B/E soon and consider reversing on break of 4H lows

Took 1/2 off and moved SL to b/E on the rest. If this was a 2-leg pullback in a new downtrend, we are just about its end

Got stopped out at B/E for the other half. I have now entered back in long, buying the potential double bottom.

Have moved SL to B/E at 1.4431. On the daily there is still no decent setup for long, which makes me suspect it might dip further in the next couple of days. Shouldn't be too far from resolution. The last big range in this uptrend lasted some 18 days and we are nearly there with this one.

My tightened SL from yesterday survived. The break of yesterday's highs signals a move to at least 1.4750, i.e. just above the highs of Tuesday's large bearish bar. Probably higher. I will take some more profits if/when those highs are reached

I like the higher time frames for the motion, but prefer to enter and manage on M15.

This was the end of last week backed by the H1 & H4.



For this week the daily and weekly are on the line and the Monthly is pushing North, I'm waiting to see what happens on the H1 & H4 when they find their motion after this big mess, I will have a trade to post.


SW.

Closing-in on target for completion of an expanding diagonal wave (c) red, before resuming uptrend.

Seems that the EURAUD signaling good opportunity for sell as multiple upside resistance restricts the pair's immediate up-move.

Observations:

Huge run up today with US markets closed ????

Price at Weekly R1

Price at Monthly R1

I wonder ???

It's also at the Daily R3

How convenient

Edited:
sorry, the prices from fxall.com was incorrect so i edited this post

1.497 perhaps?

EURAUD witnesses strong support near 1.4705-10 region while the 1.4785-90 horizontal region could continue restricting the pair's immediate rise, breaking which 1.4845-50 can't be denied. More upside is favored.

2 cents i'm long.

SL: 1.47027-1.47022, tg open...

EURAUD seems all set to reclaim 1.5000 psychological mark and extend its up-move towards testing its next resistance near 1.5080-1.5100 mark.

close all my long now, nice profit.