EURAUD, 1HR tf, wave-3 extension on process

We're possibly on the process of wave-3 extension. It would be pretty very nice if we could see price retrace around 1.5830-1.5855 area.

If price manage to retrace around 50-61.8 fibonacci retracement level then we will initiate our buy.

Buy EURAUD 1.5830
Stop loss 1.5785
Take profit 1.6030 (4.4R)

Use only 1-2% risk
Good luck