LFX
Long

EUR/AUD - LONG TERM CHANNEL, BROKEN FIBONACCI

FX:EURAUD   Euro / Australian Dollar
138 0 6
Here we can see we have broken the Fibonacci.
We have failed to have a monthly close below the Long Term TL.
Waiting on a H4 close above the CTL before entry.
Am playing the SL tight as I don't think we will drop back under the Long Term TL.
Target is in line with prior resistance.
Overall I think we are going to make highs at the top of the channel.
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