channeltrader
Long

EURAUD - Channel Trade Experiment

FX:EURAUD   Euro / Australian Dollar
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This is an experimental trade. A pattern that is observed within the rules of the channel trading set up. Usually the bar after the 3rd point of contact should end its retracement within 0.618 - 0.382 levels, which the current daily bar has done. Tomorrow's candle should not get lower than 1.44261, which should see price head to 1.46457 target.
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