URIFX
Long

EURAUD: Buy Next Wave Of A Flat Market

FX:EURAUD   Euro Fx/Australian Dollar
73 1 1
Today EURAUD             droped down in very strong momentum and touched the bottom of the flat wave.

There are two scenarios:

1/ Break the sideway channel and go down: Price should make a correction at least 38% to 50% of previous impulse wave. So, buy the correction and take 1st target at one of these two Fibo levels.

2/ Go up to touch the channel top to form the sideway channel as it did. Buy & hold to take great profit at target 2.

So, waiting for confirmation to buy is the best option for me!

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URIFX
a year ago
Updated:
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