FX:EURAUD   Euro / Australian Dollar
23 0 0
HAVING REACHED THE 50 RETRACEMENT FIB WE COULD SEE AN EXTENSION TO AROUND 1.56 PRICE WHICH IS CONFLUENT WITH THE -27 EXTENSION FIB. THIS WOULD BE THE 5TH WAVE OF THE ELLIOT WAVE SEQUENCE. FOR AN ENTRY WILL BE WAITING FOR A BREAK OUT ABOVE THE RESISTANCE ZONE AND THEN A RETEST WITH TARGETS FOR 1.56
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