EURAUD - REVERSAL INBOUND

EURAUD has been in a descending channel since late last year. We can see that price is in a clear channel. We could've traded within the parameters of the channel using levels of interest and trendline breaks.

Once the channel is broken, await a correction and retest before entering and holding.

See links below for more information about this idea and why we're anticipating a reversal.

Trade Safe!