FX:EURAUD   Euro Fx/Australian Dollar
129 0 5
With the bearish move this week I'm looking for another leg lower of lesser degree to show us 5 waves for what might be the wave C of wave B (in red).
The correction is in a complex combination and therefore several possibilities can not be excluded yet. Nevertheless I counted an expanded triangle for wave A in red which is very uncommon but valid. Updates will follow but in terms of the bigger picture this is what we want to see because a deeper correction means more profit potential once we see the bullish continuation. That's the trade I'm looking for.

EURAUD; ECB press conference


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