I have two scenarios in the works on EURAUD and this is their description. I am not in any position yet, but I will be searching for a good entry to long.
There might be an opportunity for a little short as well, until we have a good opportunity for a proper long position.
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The price is now almost touching the trend line and bumped back a little, watch it closely :)
Trade active
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I am in. We probably didn't break the channel, so I am speculating on remaining in it, thus going for a long position.