Good morning traders, I am looking to buy EURAUD at previous lows with very nice Risk/Reward in play. If we finally bounce at trendline, and give us a good buy setup we will buy and hold it for a potential break out of the corrective structure. However, if C wave breakdown and give us sell setups, then invalid idea.A lot of divergence also in place.Not interesting in selling right now. If something change I will update Take care.
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Expecting more bulls .Watch it
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Expecting ABC correction
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Expecting wave B
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Daily break up, wait for the correction, expecting more up
Divergence might be present, but its worthless here. The scope of your div as well is over a year, so this could easily continue for another 6 months and price could be at 132-124 with div still present
ChrisMark
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@ddp922, ofc it could however i do not trade the divergence but what it shows, just mentioning that, as we are reaching at a level where it could start changing the way. Price action and chart structure at this level is what will confirm the way