EURAUD Long
EURAUD has been travelling in a channel to the upside.
Price has broken resistance at 1.64 , and retested this level .
Looking for a long entry
1. Entry - at 10 MAV
2. Stop - below support
3. Targets - many = channel resistance trendline, 1.27 fib extension , horizontal past major resistance.
RR at best 4.......
Price is likely to consolidate between 1.65 and 1.67, inside of channel before a move further up....
Price has broken resistance at 1.64 , and retested this level .
Looking for a long entry
1. Entry - at 10 MAV
2. Stop - below support
3. Targets - many = channel resistance trendline, 1.27 fib extension , horizontal past major resistance.
RR at best 4.......
Price is likely to consolidate between 1.65 and 1.67, inside of channel before a move further up....
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