EURAUD 4 HR Elliott Wave Count
From the lows of 1.5906 I see a nice 5 wave Leading Diagonal that I have labeled as circle a. From there we have a 3 wave correction down to 1.59761 for circle b. From those lows I see what looks to be a nice 5 wave impulse up that I am labeling wave (i) of circle c. Wave (ii) of circle c could be complete at 1.60951, this low did hold during the whipsaw correction Friday so we will see what next week brings.
Target up is 1.700.
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| EURAUD 4 HR Elliott Wave Count |