#EURAUD Elliott Wave Analysis

The biggest mistake in trading isn't bad analysis. It's trading too much.

20, 30, 40 trades a month isn't a strategy. That's dopamine, and your account pays for every hit.

Look at the chart above. Wave (3) finished its impulse down in January. Since then, EURAUD has been carving out a Wave (4) correction for four straight months: A, B, C, D, E, a contracting triangle grinding sideways while everyone else gets bored and starts overtrading.

We're not bored. We're hunting.

Trading is mostly waiting. We follow our scenarios and sit still until conditions actually form. No chasing the chop inside the triangle. No forcing an entry because "it's been four months already."

Once Wave E completes and price confirms the break, the next impulse lower begins. That's the shot we're waiting for.

When the setup isn't there, we don't take one. That's still a good month.