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!
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!
