EURAUD Channel Breakout

2020-03-03 03:08:23

EURAUD broke the channel's resistance for a new high at a price that was not printed on the charts since 2009.
I am seeing an opportunity here, but only if the price is confirming that the previous chennel's resistance is becoming the new support. In that case, I would go long.

Otherwise, if the price consolidates inside the previous channel, there is a sell opportunity to the previous channel's support.


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