Rationale:
It looks like wave (iii) is completed and now we are in corrective pull back to the previous wave 4 area. This is next buy area - Weekly Pivot and nice Fibo Price Cluster.
Entry:
Buy Limit @ 1.2434 - 1.2455
SL:1.2429
TP1: 1.2540
TP2: 1.2588
Take care,
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/euraud-h1-update-tpi.html
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