The EURAUD is far off the level I entered and so on the surface it appears the trade is failing. But when counting the waves, it actually looks like a very successful trade as last night it completed a beautiful impulsive rally, and the current pullback is just a wave ii correction. I expect the pair to find its footing in the American session and resume its uptrend soon.
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.