Buy position in EURAUD

The EURAUD pair is now approaching a local support zone on the 4HR time frame and we are expecting it bounce back up. In addition to that, the 1-5 Elliot wave structure shows that the pair is at its fifth up-trending wave. As it is apparent from the targets, we are expecting the pair to breakout of the descending channel and towards the goals. Take this trade if you believe in this analysis