$EURAUD is facing two scenario's. If it makes a new high, we will be looking at the 5' as a potential target and an exit at the Geo Off-Set Rule. If it starts to decline and breaks the 2-4 line I would look for an exit at the 1-4 line. Wait for a sell setup before entering the trade.
For more lessons on the Geo Off-Set Rule please visit: www.tradingview.com/u/4xForecaster/
For more lessons on the Geo Off-Set Rule please visit: www.tradingview.com/u/4xForecaster/
Be weary of the ab=cd pattern here as it remains unanswered. Once this pattern is complete it will call price home at Geo's Off-Set rule at point 4. This level is highlighted in grey on the original posting.
Best,
Chartistry