EURAUD corrective structure.

The EURAUD as shown in the daily could be making a triangle (abcde), if this is so we are in the d wave up and it is making a lower degree correction before the next up impulsed. This lower degree corrective structure looks like a triangle in the making (abcde) it could also be a simple abc expanding flat , I guess we will see very soon.
By all means buying the break of the top is dangerous if it is making a wedge. So if you are a S&R trader be careful of buying the break of any resistance you have there. I would wait for confirmation.
I will be posting updated on the trade setup as i see it so to get instant notification when I do , please follow me.

Trade with care
Thanks for your support.

Commentaire:

The POWER OF WAVE ANALYSIS