EURAUD is currently in a correction, which appears to be a 335 FLAT correction. We've almost completed Wave B and we're looking to catch Wave C. We believe we'll see 5 waves down.
Trade idea: - Watch for break of the ascending trendline - Enter on break - Stops above price once trendline breaks - Targets: 1.65 (450pips), 1.59 (1000pips)