glennmercer
Short

Short EURAUD: EW Correction to Cypher Completion

FX:EURAUD   Euro Fx/Australian Dollar
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.
Order cancelled: No breakout, awaiting PA
Trade active: Short active on recount and new trendline break and retest:
snapshot
Trade closed manually: Closed at +24 pips before NFP
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