Short

[EURAUD] PULLBACK WAITING

Updated

The main trend (daily chart) remains bullish, but on intraday time frame, the pair could develop a corrective structure (abc or abcde). We will look for a SELL OPPORTUNITY on the second bearish leg (b). The reason is very simple, the trend is bullish, and we need some confirmation (for example, a first bearish leg) about the potential consolidation movement, before take short position, we'll see.

Thank you for your support and trade with care!

DAILY CHARTS

Note

Wave (A) in play....

Note

Wave (B) in play....

Note

Reserve Bank of Australia's monetary policy announcement is expected... caution!

Note

PART 2: updates

Trade closed: target reached

Note

...the pair is still more interesting!

TheAnonymousBanker

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