EURAUD Short Trade Setup - Bigger Picture Trade

We can see the formation of a 5 wave corrective structure on the daily time frame which has broken to the downside. There is a smaller structure which has formed below the daily structure. A break of the smaller structure should indicate the continuation of price movement to the downside.

The 3 Take Profit levels are indicated using Fib retracement targets.

Komentarz:

Join our Trading Signal Service in order to receive the exact entry, stop loss and take profit levels for this trade:
www.greenboxmarkets....ding-signal-service/

Forex Trading Course:
www.greenboxmarkets....orex-trading-course/

News Box Registration:
www.greenboxmarkets.com/the-news-box/

WhatsApp Contact Number: [phone]

Komentarz:

As things stand now, it is possible that we will see the 5th wave up here before the break to the downside. I am not interested in the long as it could reverse and break at any time. Wait for the confirmation of the break.