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Fawaz.A

EURAUD: completed wave 4

Short
Euro / Australian Dollar (FX:EURAUD)  
Fawaz.A  
FX:EURAUD   Euro / Australian Dollar
EUR aud EURAUD eur_aud Elliott Wave Parallel Channel
4
0
eur aud euraud eur_aud elliottwaves parallelchannel
My analysis is based on elliott wave.

EURAUD seems to be completed wave 4 with 38.2% retracement.

I'm expecting the market to fall and begin wave 5.

The bearish channel gives us extra confirmation.

Our target is the lower boundary of the channel.

Happy Trading!
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