EURAUD has completed five waves to North. Now it is inside a diamond pattern. Shooting Star candlestick generating in 4 hours time frame now. Compared with currently EURCAD movement and EURGBP movement which are going south now, short EURAUD now for a clear position to place stop with good Risky/Reward ratio.
Comment:
Move stop to 1.5760
Comment:
1.5715 - 1.5760 = - 45 points lose.