WaveElliot
Short

EURAUD it's time to generate movement corrective wave!!

FX:EURAUD   Euro / Australian Dollar
As we know, the previous market has produced IMPULSIVE wave (UPTREND)..The question is whether EURAUD has enough condition for wave 5?
The awnser is YES for impulsive wave. EURAUD has produced quite a great movement on the last week and the last day.So it's supposed to do the movement of "CORRECTIVE WAVE" where it takes 3 big waves A,B,C

our goals now was looking foward to wave A as corrective move.To achieve this goal, it must do 5 wave (1,2,3,4,5 =A) to make it wave A as downtrend.I do not want to discuss other large wave movements such as wave B and wave C.,just focus at wave A..

for now I'm not saying it can go down instantly as expected. If there is a price that wants to make it higher, I will make a new analysis and a new count. but for now this is what happened.

dont forget to use 2 method that i share to you from my previous post at USDJPY .check the post if you missed it out..get the link below.

if you need something to ask.just do pm directly at tradingview massage.we could discuss together.thank you..


Comment: as expected...the key of trade knowing the market pattern..followed me to get latest count elliot wave.
It seems that you have broken a rule in you wave 4 of Wave of Wave 5 has gone into the territory of Wave 1 of Wave 5, perhaps this is a Irregular Flat Correction instead as it will also follow the guideline of alternation.

Happy Trading =)
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