This EURAUD chart is forming Elliott wave theory. If you see wave 1 is smaller than wave 2 and wave 3 is smaller than wave 4. Also, wave 3 exceeds peak of wave 1. All this fulfills wave theory pattern.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.