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Short

Euro / Australian Dollar (OANDA:EURAUD)

Updated

OANDA:EURAUD Euro / Australian Dollar

Wave Analysis

waveanalysis

EURAUD

We have the previous impulse to uptrend then the big correction is come right after that. It's supposed to go aggressively. But somehow, it's not.

So I think correction is not over yet (red abc pattern).

So I expect 1 more downtrend to finish the pattern before next impulse coming. Or the really really big correction to the previous low (daily low)

It's worth to give a try in sell orders. Let's see how it works.

But we're still in the daily uptrend. Trade with care.

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H1 chart view.

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BE when touching the low

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