1702 5/8 EURAUD: double top for sellers with 1900 pips
If you are patient and lucky enough, you could hold a short trade on EURAUD for 1900 pips max from the top down to the bottom.
This pair moves with more fluctuations and a small range SL could easily be hit. 100-200 pips for SL is quite necessary for swing traders on this pair.
Assuming that light blue 1-2-3-4-5 wave is about to happen next week as main 1st wave down, blue ABCDE would happen after a main corrective wave finished and a new selling signal appear.
The pips pool for the whole wave could be 1900 pips.
LESS IS MORE!
This pair moves with more fluctuations and a small range SL could easily be hit. 100-200 pips for SL is quite necessary for swing traders on this pair.
Assuming that light blue 1-2-3-4-5 wave is about to happen next week as main 1st wave down, blue ABCDE would happen after a main corrective wave finished and a new selling signal appear.
The pips pool for the whole wave could be 1900 pips.
LESS IS MORE!
