On this pair, we are already have TP3 hit WITH 310 PIPS and now is just waiting for the forth one to be reached.
We hope you did not miss such a trade. On this channel, EURAUD is making a correction only. The broken trendline and the channel is helping us to make such judgement.
Now the blue zone is going to be a support for it? If so, it will bounce up to retest the trendline. Otherwise, it will drop down to the bottom of the channel to make a reflection point soon. Each way , we are OK for it because we are holding a trade with 1/6 lots size and risking $0.