EURAUD - Wedge about to be completed on daily basis.

Primarily I thought this wedge could be a 'C' wave, which means that I was expecting a long term bullish movement . But analysing the wedge itself I can count 5-3-5-3-5. By that, this could be a leading diagonal, which means that it is a 'A' wave or first wave for a bearish movement. (3 waves or five waves downhill).

This pair is tricky. Too much manipulation from the EBC distorted the waves. Any trade here should be have great risk/reward ratio to pull it off.

Follow the price!

הערה:

EURAUD UPDATE!