EURAUD Elliott Wave 5
Base of Wave 4 Triangle supported at 1.618 Fib level (projected from top of Wave 1);
Diversion between (D)-(E) Triangle leg and MACD histogram;
Slow Stochastics approaching Oversold;
Longer term target @3.618 Fib extension (1.6720) ... Risk / Reward > 1:3
Optional shorter term Target @ 2.618 Fib extension (1.61700)
Diversion between (D)-(E) Triangle leg and MACD histogram;
Slow Stochastics approaching Oversold;
Longer term target @3.618 Fib extension (1.6720) ... Risk / Reward > 1:3
Optional shorter term Target @ 2.618 Fib extension (1.61700)
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