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EURAUD: Correction May End at Key Support Level

Long
Euro / Australian Dollar (OANDA:EURAUD)  
Fxprotrader Updated   
OANDA:EURAUD   Euro / Australian Dollar
EURAUD Pitchforks medianline
27
2
euraud pitchfork medianline
Price broke above the median line of the upsloping pitchfork and has retraced to test it into a corrective structure. The sliding parallel is acting as support (previously resistance), might push price higher to break above the correction. In that case wait for a smaller correction and buy the market. If based on your strategy you have a setup at the sliding parallel you may still take it ignoring all the above.
Comment:
Price broke above the correction. You now may buy EURAUD or wait for a second consolidation above the correction and buy as low as possible
snapshot

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