Possible larger structure in play
This is a long term view of EURAUD
We had a clear structure of the first waves of the correction
We played in a proper channel and had some clear waves
However since we recently received a large rejection it looks
like we will continue to play the correction
Pink Line - "Fair Price"
Blue Line - Range High
Orange - Current Trading Range
We had a clear structure of the first waves of the correction
We played in a proper channel and had some clear waves
However since we recently received a large rejection it looks
like we will continue to play the correction
Pink Line - "Fair Price"
Blue Line - Range High
Orange - Current Trading Range
Note
See: "Theory 1" of EURAUD WeeklyNote
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