traderWgun

Initial correction is complete

Long
traderWgun Updated   
FX:EURAUD   Euro / Australian Dollar
6
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.

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Good luck!
Trade closed: stop reached

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