Hello traders.

This chart has a great potential for downside. Wait for the breakout and a small correction before take any short trade. The drop can be C wave in running flat, or weekly corrective structure, or weekly down impulse. Here is my weekly forecast.

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I think it's making a correction, but there isn't any trade setup now. So, canceled.
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Elliott WaveEURAUDmedium-termshortWave Analysis

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