EURAUD has been in a descending channel since late last year. We can see that price is in a clear channel. We could've traded within the parameters of the channel using levels of interest and trendline breaks.
Once the channel is broken, await a correction and retest before entering and holding.
See links below for more information about this idea and why we're anticipating a reversal.
@MohammadReZ-98, see the links in the description. I’ve posted charts in the group to further explain why I’m looking for a break or the channel
Mahidk
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Hey was wondering can you provide an updated view on euraud, or is it still the same.. btw great ideas!!
loudon3
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I'm not too sure about this puppy at the moment .. doesn't look very bullish at the moment, although the 1.54 level is holding at present. Watch & Wait must be the motto here.