Short EURAUD: EW Correction to Cypher Completion

Actualizado
EURAUD has entered a corrective structure after completing a five wave impulse. This iis a setup to trade iii of c toward the completion of a bullish cypher pattern. The cypher PRZ is confluent with previous fourth wave support and the 50% retracement of the impulse. Entry is triggered on the break of the trendline with SL above structure highs and target near cypher completion.
Orden cancelada
No breakout, awaiting PA
Operación activa
Short active on recount and new trendline break and retest:
imagen
Operación cerrada manualmente
Closed at +24 pips before NFP
breakoutcontinuationcorrectioncorrectivestructureCypherElliott WaveEWglennmercergmercerfxwaveswavetheory

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