EURAUD potential for expanded flat corrective pattern

After strong impulsive up move by using wave analysis we can read the price action on the chart and from what we see we can conclude that A and B wave of A-B-C corrective expanded flat pattern is completed... Now, this is phase of C wave development and currently we are looking at possibility of regular flat correction before down continuation...



Short term short

Long term long

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Small up move could indicate earlier completion of correction... Small pull back on 15 minute chart would be good opportunity for Long Entry...

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