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FullTimeTrader

EURAUD-short term trade-convergence+correction

Short
Euro / Australian Dollar (FX:EURAUD)  
FullTimeTrader  
FX:EURAUD   Euro / Australian Dollar
8
4
After a five wave impulse the price is making a correction, we have the first convergence shown on the chart.
Usually price retraces 0.61 or less before continuing the correction.
Target are the 1.27 and 1.61 fib projections.
Best regards
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