EURAUD has been in a corrective structure for quite sometimes now.
We see price moved down within this , correcting the price to a potential double bottoms on the higher time frame.
Then move in the LTF , push up the price, begin to form consolidations.
Either expect this /channel the LTF to breakout of the HTF , then look for continuation correction to buy.
We may see price move down once more again correctively to form a LTF double bottoms before the big reversal.