EURAUD: If a new bear channel formed, that should be a wave C

The key point here is the current wave is an impulse or a correction at current timeframe. Base on the price and time, I assume that the current wave is an impulse of an ABC. This ABC is wave B in larger correction. So, price should going down 1 more wave with 5 smaller waves before going up!

Comment:

Trade correction or waiting for next impulse

Comment:

Target 1 reached. Protect @BE

Trade closed: target reached