Tuesday, 29 April 2014

EURAUD

 After longer consolidation in the this pair from dec 2013 to March 2012
This pair has broken lower forming a 5 wave structure down in 3 and has now push up into its fourth Wave @ 1.5086. Considering wave four cannot return back into wave 1 @ 12/02/2014 else trade is invalid

Currently trading @ 150003 just above the weekly pivot @ 1.49963
Elwave projection 5th wave down towards 1.4521
Break below this Level 1st target scalp 1.4958