EURAUD! one of my favorite pairs to trade.
EURAUD has tried breaking 1.64400 twice, creating a double bottom on your bigger time frames like your H4 and Daily time frames.
We also had an impulse move to the upside creating wave one. This move was then followed by a corrective wave two, which found support on 1.66141 which is 78.6 fib level. its still a valid fib correction level. we are looking to go long, riding wave three all the way to 1.71590.
EURAUD has tried breaking 1.64400 twice, creating a double bottom on your bigger time frames like your H4 and Daily time frames.
We also had an impulse move to the upside creating wave one. This move was then followed by a corrective wave two, which found support on 1.66141 which is 78.6 fib level. its still a valid fib correction level. we are looking to go long, riding wave three all the way to 1.71590.