EURAUD possible upwards correction from support area

EURAUD has dropped a lot the past few weeks and went in a straight line towards the current support area. There is the potential for a bounce here and best case scenario we start to see a small wedge developing. If this happens i will make an attempt at the low of that wedge to get in with half a pos and increase it if the wedge breaks upwards.

Comment:

It made a quick dump earlier today which seems to be a false break out. So far it's following the blue line to the point. I will increase if we break the wedge on the upside as explained above.

Trade closed: stop reached:

The idea is not completely over yet, but i am going to leave it as it is for now. Maybe next week if i see something again.