TradingEW
Long

EURAUD reversing

FX:EURAUD   Euro Fx/Australian Dollar
98 2 4
Correction (iv) terminated right down the limit of bottom channel line, now reversal to be confirmed.
Therefore invalidation or SL placed at channel break with upside potential of a 5th wave towards 1.5045 for a medium term setup.
Due to broken bottom channel line since the last post, wave iii count has been revised. While the long setup on the 5th wave up remains intact,
but with better price for entry later on.
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