I'm long on this since the break of wave 1. There's a positive correlation between EURCAD and EURAUD, that's why I believe EURAUD (another pair) will continue the upmove, with all the other reasons stated on that chart. This retracement seems to be over, though if EURAUD continues down, I'll exit this one in profit as the correction will continue down, passed the 61.8 it already did.
Note
After retracing wave 4, price should continue up. 
Related publications
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.
Related publications
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.