EUR/AUD has bullish wave over daily time frame as major structure and go for correction wave
inside this major structure we have minor structure at time frame (H4) this minor structure was up wave and price break the last (higher low) make it (change of character) so i think this minor market structure will reverse from up to down and part of wave correction of time frame (daily)
so o think it will visit target 1 (50 % level), target2 (61.8 level)
Summary
- General Trend is up as swing for time frame (daily) (Major Structure)
- Current Wave is Correction Wave for Major Structure
- Minor Structure is Down Trend as time frame (H4)
so sell now to take the target 1,2 and end of correction wave
inside this major structure we have minor structure at time frame (H4) this minor structure was up wave and price break the last (higher low) make it (change of character) so i think this minor market structure will reverse from up to down and part of wave correction of time frame (daily)
so o think it will visit target 1 (50 % level), target2 (61.8 level)
Summary
- General Trend is up as swing for time frame (daily) (Major Structure)
- Current Wave is Correction Wave for Major Structure
- Minor Structure is Down Trend as time frame (H4)
so sell now to take the target 1,2 and end of correction wave