I’m anticipating EURAUD to make one last leg to the downside up to the bottom of before it reverse to phase. Considering the range from current price until the bottom of this channel, Its surely a sell opportunity that cant be ignored. However, I’m still consider this sell opportunity as short term bias so its still can reverse anytime soon. I will manage the position carefully with only small risk.
The real opportunity is still waiting for the price to reverse to the upside in my opinion. Once the price has reach the bottom of the , I will wait for a clearly visible impulsive rejection from that area. Any break of continuation pattern will confirm the move that I certainly will make sure to take advantage of.
For now, let’s see how will this pair develop, good luck..
Here is the MOA FX , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.