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TranscendentTrades

EUR/AUD Short - Wave 5 to the down side

Short
Euro / Australian Dollar (OANDA:EURAUD)  
TranscendentTrades  
OANDA:EURAUD   Euro / Australian Dollar
Chart Patterns Wave Analysis Trend Analysis EURUSD AUDUSD EURAUD diagonal swingtrading Forex
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chartpattern waveanalysis trendanalysis eurusd audusd euraud diagonal swingtrading forex
Elliott Wave Theory suggests that EUR/AUD might have completed an A-B-C Wave 4 correction with visible Ending Diagonal (and Subwave B Triangle)

Sell Stop is placed upon confirmation that the top is likely in

Breaking down of this Diagonal pattern could see it head lower to complete Wave 5 of a larger Leading Diagonal pattern
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