Description
⋅ EURAUD seems to have broken out of a downward channel and has moved higher to complete a wave 1, 2 & 3
I'm currently looking for short term wave 4 to pull back price to the confluence zone marked in purple.
Price should follow the blue arrows.
Once 1:1 is hit... sell half, move position to break even, and let the rest ride to target.
After a wave 5 is completed I am looking for a longer term breakdown of this pair.