EURAUD - Monster Move

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Hey traders,

EURAUD has been moving correctively for almost one year. According to Elliot Waves, the type of correction that has made is an irregular flat correction that consists of 3 waves:

Wave A= 3 waves
Wave B =3 waves
Wave C = 5 waves

Wave C is an ending diagonal = Reversal will happen. In addition to that, we are seeing nice divergence which indicates price is going to reverse soon.

LONG Setup:

- Watch break of 4H 50 EMA for entry
- Stoploss : Below 0.382 fib
- Targets: 1.70 ( 900 pips ) and 1.78 ( 1700 pips )

Check 4H chart for entry