Opportunity to buy on the EURAUD after correction.
The EURAUD give us a story quite similar to the one we see in the GBPCAD.
The price been trading cleara bearish channel .
Last week the price has finally broke the TL that has maintained the price until then.
Right now, and after the strong bullish movement, the price will start a correction until the interest red zone. (S and R).
Then, I expect a strong bullish movement creating new highs.
This idea is for a buy and it should be activated when there is a confirmation from the price.
This market analysis is just a investment idea, the same shouldn't be taken as a financial counseling without risk envolved.
CFD´s are very complex financial products that can result on the loss of most capital invested
The price been trading cleara bearish channel .
Last week the price has finally broke the TL that has maintained the price until then.
Right now, and after the strong bullish movement, the price will start a correction until the interest red zone. (S and R).
Then, I expect a strong bullish movement creating new highs.
This idea is for a buy and it should be activated when there is a confirmation from the price.
This market analysis is just a investment idea, the same shouldn't be taken as a financial counseling without risk envolved.
CFD´s are very complex financial products that can result on the loss of most capital invested