deepstair

deepstair Updated 

EURAUD is in a correction of an up move. This being said there is two Scenarios in which the up move can resume, either the correction is done and will start to climb here or it will offer bigger b wave within this correction before going one more leg down. Either way this is what i think both scenarios would look like.

deepstair

Using Elliott Waves

deepstair Updated 

Expansion correction This allied with the FX_IDC:XAUUSD and DXY need for prolonged correction should offer AUDUSD some strength to complete the expansion.

deepstair Updated 

Sell to complete a C wave in an abc pattern correction.

deepstair Updated 

Good opportunity either way. Elliott Wave Study #1