EUARAUD Long
EURAUD. We had a strong push upwards on the 25th of February until the descending trendline, then a correction started happening. The correction reached the Fibonacci retracement of 0.764 and rejected the level twice on a 4HR chart on 11 March. The correction may continue until 1.53269. My log entries are at 0.236 (1.5356),0.382 (1.54208) for a profit target at 1.618 extension (1.59644). As further confirmation that this may be wave 1 and 2 of the larger 5 waves move up, I see a descending wedge. The wedge was broken and retested and is currently in a range busy retesting the break point
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