EURAUD: Correction May End at Key Support Level

Price broke above the median line of the upsloping pitchfork and has retraced to test it into a corrective structure. The sliding parallel is acting as support (previously resistance), might push price higher to break above the correction. In that case wait for a smaller correction and buy the market. If based on your strategy you have a setup at the sliding parallel you may still take it ignoring all the above.

Kommentera:

Price broke above the correction. You now may buy EURAUD or wait for a second consolidation above the correction and buy as low as possible