EURAUD is facing a resistance line.
A corrective wave starting from the reflection point on the channel could have 400 pips .
And after that, another possible wave to drop could also have 400 pips .
These make 800 pips potential on daily chart.
This is a flat channel, so a trade start from the top of the channel or the bottom of the channel is a better and simple strategy.
Buy low, sell high. Just need more entry info later.
Less is more!
A corrective wave starting from the reflection point on the channel could have 400 pips .
And after that, another possible wave to drop could also have 400 pips .
These make 800 pips potential on daily chart.
This is a flat channel, so a trade start from the top of the channel or the bottom of the channel is a better and simple strategy.
Buy low, sell high. Just need more entry info later.
Less is more!