EURAUD has entered a corrective structure after completing a five wave impulse. This iis a setup to trade iii of c toward the completion of a bullish cypher pattern. The cypher PRZ is confluent with previous fourth wave support and the 50% retracement of the impulse. Entry is triggered on the break of the trendline with SL above structure highs and target near cypher completion.
No breakout, awaiting PA
Short active on recount and new trendline break and retest:
Trade closed manually:
Closed at +24 pips before NFP