looks like EURAUD is completing wave 2 of Wave C. Currently, price action says we are in some sort of wave 3, followed by a wave 4 pullback. This is a potential Wave C so we have to remember that an ending diagonal could form. So that means, Wave 1,2,3,4,5 of Wave C could be 3 legged ABC's.
I'm expecting support around the 1.62 to 1.625 area.
This idea is invalidated if price goes beyond 1.6097
I'm expecting support around the 1.62 to 1.625 area.
This idea is invalidated if price goes beyond 1.6097
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.