EURAUD - Buy The Breakout! ✅

EURAUD is currently within a channel. It's appearing as a 535 zigzag and we're anticipating a breakout soon.

Safe entry will be break of the red trendline. Risk entry will be bounce off channel or a lower timeframe trendline breakout.

We'll be targeting the fib levels but it could fall short or go past the fib so we'll be taking a cautionary approach to our targets.

Trade idea:
- Entry on red trendline break (safe entry)
- Risk entry on bounce off channel or lower timeframe trendline break
- Target: 1.67 (600pips), 1.685 (750pips)

Be sure to taper positions as we move higher.

Goodluck and as always, trade safe!

See our previous setup below:

Komen:

Running +450pips

Komen: