If wave (1) is Leading Diagonal and wave (2) has finished as abc Irregular Flat correction then new wave to the upside can be developed.
Entry: Buy Stop @ 1.2417 (activated)
SL: 1.2397 ( in case wave c is not finished)
TP: min. 1.2500
R/R: 4:1
Take care,
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/euraud-h4-update-trading-plan-idea.html
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