[EURAUD] PULLBACK WAITING

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

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Wave (A) in play....

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Wave (B) in play....

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

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PART 2: updates

Trade geschlossen: Ziel wurde erreicht:

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...the pair is still more interesting!