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EURAUD - REVERSAL INBOUND

Euro / Dollar Australia (FX:EURAUD)  
WicktatorFX  
FX:EURAUD   Euro / Dollar Australia
Trend Analysis Chart Patterns Wave Analysis EURAUD EUR aud Parallel Channel reversal signal EURUSD Elliott Wave pattern
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trendanalysis chartpattern waveanalysis euraud eur aud parallelchannel reversal signal eurusd elliottwaves pattern
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.

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EURAUD - REVERSAL
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