EURAUD is in correction since 01.06.2017, and this is an attempt to identify the patterns in order to understand the bigger corrective structure of the 4th (4 circle) corrective wave.
We need some more info which would make the analysis more accurate but taking some standards into account, we can build a trading plan.
Looking inside at the potential flat pattern which still, we don't know the nature of it, as it could be a regular, expanding or running.
1 - Wave-A has been developed into a pattern (A)-(B)-(C), with a more complex internal (B) corrective wave structure developing a Double-Zig-Zag Pattern, ending at 1.44176
2 - Wave-B is probably developing a bigger Double Pattern. The first target of the wave is the previous swing high ( the origin of the wave A) at 1.52268. If price reaches the target without breaking it the scenario with the Regular Flat Pattern is in play. On the other hand, if price breaks the target then, the Running or the Expanding Flat Patterns are in play.
3 - Wave-C, the last wave to complete the Flat Pattern, should probably be a motive wave, developing 5-wave sequence.
Trade with discipline
Expecting further up
I believe there is more space.