This Elliott Wave blog is dedicated to sharing Fibonacci ratios and other technical analysis for forex signals, index futures signals, options signals, and stock signals. Elliott Wave Principle puts forth that people move in predictive patterns, called waves. Identify the wave counts, and you can predict the market.
Tuesday, March 8, 2016
Elliott Wave Forex Trading - EURAUD Trade
I'm probably going to regret this but the setup is too appealing. The wave count suggests a sustained move higher and there is an inverse head shoulders bottom that may have formed. So I'm jumping back in long. Here is the trade: