EUR/AUD H1 + H4 Update

This is tricki one: so far wave (b) of wave too retraced more than expected but it is still manageable and it strats too look like some kind of Irregular Flat correction.

This is why there are two count for this pair: H1  count is abc with wave c as double three correction
and H4 count that is a extended wave c in five waves correction.

So far not very much tradeable enviroment for a decent R/R ratio.



Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/euraud-h1-h4-update.html