Rationale:
Waiting for wave (2) end at one of the retracement levels and buy into dips.
Entry:
Buy Limit @ 1.2340 (50%) and 1.2320 (61%).
SL:1.2299
TP: Above 1.2435 min.
R/R: about 3:1
Take care,
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/euraud-h4-update-trading-plan-idea_28.html
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