Initial correction is complete

FX:EURAUD   Euro / Australian Dollar
272 4
We have now completed three waves in a corrective flat pattern of the late August highs,
and have now started a bullish movement.

We could see a correction that generates a bearish reaction:
a wave X followed by another zigzag to the downside:

Or the uptrend could resume to take out the late August highs.
For now, I´m long against 1.5390 and looking to move stops to break even
if we get above 1.5920

Stay tuned for more update regarding the EURAUD .



Good luck!
Trade closed: stop reached
Do you look for bull again ? I try to buy 2 times but not successful. Here is my follow up
Hello. From an EW prespective, there is many diffrent possibilities at the moment.
But as 1.472 holds we could see more a break to the upside.
We need to break 1.625 for bullish confirmation.

We have wait and see what happens. Good luck!
thank you for your chart..
+1 Reply
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