EURAUD Long

EURAUD has been travelling in a channel to the upside.

Price has broken resistance at 1.64 , and retested this level .

Looking for a long entry

1. Entry - at 10 MAV

2. Stop - below support

3. Targets - many = channel resistance trendline, 1.27 fib extension , horizontal past major resistance.

RR at best 4.......

Price is likely to consolidate between 1.65 and 1.67, inside of channel before a move further up....