Could be in correction mode this week to.

EURAUD seem to have correction on big impulse move in the past year. After 2 week of gap opening and a big move up in price. We could see a correction move this week.

On the 240m chart, if we draw a line bas on the last high of the candle (5 may at 1:00 am new York time and 9 may 1:00am new York time) we see that the price will go up a little for the 3 touch and could reverse and go down and past true the buttom trend (that ave been touch 4 times).

Let see where it goes and good trading all.